Oil sector damage will slow Yemen's recovery

Subject Impact of conflict on Yemen's oil and gas sector. Significance Yemen's oil sector has been in serious decline for years due to sabotage, field depletion and underinvestment, although it has remained the mainstay of government finances. Oil and gas fields and facilities are key assets in contention in the current conflict, even though it has halted most production and scared away many foreign operators. Yemen has around 3 billion barrels of oil reserves and 17 trillion cubic feet of gas. Oil revenues are critical to helping address the poverty that underlies much of the country's instability. Impacts Yemen supplies 3% of global LNG, and the loss of this may boost spot prices. Reduced oil revenue will make post-war Yemen even more dependent on aid. Jihadists could capture oil fields and finance themselves through local sales.

Significance Despite coal’s decline, overall US energy exports hit record levels in 2016 after years of strong domestic output growth and major investments in new infrastructure to link US oil and gas fields with international markets. US-produced refined fuel products, crude oil and natural gas liquids are shaking up energy trade routes and posing new challenges to established exporters in the Middle East and Russia. Impacts OPEC oil exporters will have to compete directly with US shale producers for market share in high-growth regions such as Asia. Major LNG exporters like Qatar and Australia are likely to see low global gas prices for many years as new US supply hits the market. Midstream companies will see strong growth opportunities reshaping US energy infrastructure for exports. Washington’s efforts to boost coal in other advanced economies’ energy mixes are unlikely to meet with success.


2021 ◽  
Vol 62 (12) ◽  
pp. 1373-1384
Author(s):  
V.V. Mukhametshin

Abstract —Using image recognition methods (principal component method (PCM) and discriminant analysis) made it possible to group and identify more than 500 research objects developed in five oil and gas areas of the West Siberian oil and gas province (WSOGP), which are confined to 13 large tectonic structures and 10 productive horizons. The grouping was made according to 19 parameters characterizing the mode of oil and gas occurrence and the geologic–physical and physicochemical properties of the reservoirs and hosted fluids exerting a prevailing influence on the recovery of oil reserves and used on projecting the development of research objects. The performed study has identified 19 relatively homogeneous groups of objects, each having a specific set of geologic–physical properties. It is shown that the parameters reflecting the geologic–physical and physicochemical properties of the reservoirs and fluids within the identified groups of objects exert different effects on the recovery of oil reserves. This requires differentiation and grouping of the objects during the solution of various development problems. It has been established that the specific features of groups of objects are determined primarily by areal, tectonic, and stratigraphic factors and that grouping must be performed separately in each stratigraphic system. Algorithms are proposed for grouping the developed oil and gas fields and for searching for groups of analogous objects in fields out of exploration that are most similar to the developed ones. The performed grouping and the results obtained provide the necessary information about the research objects and increase its reliability, thus making it possible to improve the efficiency of managing the oil company assets, i.e., the WSOGP oil fields.


Author(s):  
D.Yu. Chudinova ◽  
◽  
Y.D.B. Atse ◽  
R.M. Minniakhmetova ◽  
M.Yu. Kotenev ◽  
...  

Many oil and gas fields are currently at a late stage of development, while most of them are being developed using flooding. These fields are characterized by the decreasing oil and liquid flow rates and accelerating water-cut. During the development process, the majority of oil reserves are extracted not using methods of production enhancement. Though, oil reserves within undeveloped areas are a valuable source for recovery. To involve residual reserves in active development, it is necessary to make a reasonable justification and a choice of the most effective geological and technical measures that take into account various geological field and well reservoir characteristics. Residual oil reserves at the late stage of development are classified as hard-to-recover and are mainly concentrated in areas not covered by flooding laterally and vertically. They belong to various categories that differ in the geological and technological characteristics. In this regard, it is necessary to plan various geological and technical measures taking into account the structure of residual reserves and patterns of their distribution. Studies of complex oil and gas fields were performed and a detailed analysis of the geological and physical characteristics, parameters of reservoir heterogeneity along with operational, geological and commercial assessment of reserves development were conducted.


2018 ◽  
Vol 7 (4.38) ◽  
pp. 63
Author(s):  
S. M. Beltyukova ◽  
N. P. Pazdnikova ◽  
Yu. V. Karpovich ◽  
P. A. Kuznetsov ◽  
. .

The article reviews practical experience and some theoretical aspects of the functioning of the oil sector in the Russian economy, analyzes the current situation in the large oil and gas fields of the Russian Federation, reveals negative and positive factors regarding the development of the oil sector in the national economy. Expert assessments of the state and prospects for the oil sector development are given based on the results of the analysis of its main indicators.  


2019 ◽  
Vol 89 (11) ◽  
pp. 1095-1104 ◽  
Author(s):  
Alexey E. Kontorovich ◽  
Lev M. Burshtein ◽  
Valery R. Livshitc ◽  
Svetlana V. Ryzhkova

This paper discusses the most important aspects of the development of the oil and gas industry in Russia. To replace declining oil production in Russia, we need to change the obsolete paradigm of the development of the domestic resource base. In the twenty-first century, the priority tasks in the search for oil deposits should be the Russian Arctic shelves and immature onshore provinces as well as unique unconventional oil accumulations (Bazhenov, Domanik, Khadum, Kuonamka Formations, etc.). In addition, special focus should be placed on the exploration of small and smallest oil and gas fields, which will be developed with the collaboration of small- and medium-sized oil businesses to ensure up to 20% of domestic oil production. The shift from extensive to intensive development of Russias oil and gas sector will require the prioritizing of technological tasks.


Neft i gaz ◽  
2020 ◽  
Vol 6 (120) ◽  
pp. 60-73
Author(s):  
О.S. TURKOV ◽  

The development of the economy of the Republic of Kazakhstan is largely based on a powerful base of mineral raw materials. The leading role is played by huge reserves of oil and gas. They are located in 6 oil and gas sedimentary basins of Western and Eastern Kazakhstan. More than 350 oil and gas fields have been explored in them, containing over 6.4 billion tons of recoverable oil reserves and about 4.5 trillion m3 of gas. The main volumes of oil reserves (85.2%) are concentrated in 25 large and giant fields. Numerous small objects contain only 5.3% of the reserves. In the changed situation on the world oil market, the development of such small fields with recoverable reserves of less than 1.0 million tons becomes unprofitable. In further work in new promising basins, one should focus on prospecting, first of all, large and medium-sized deposits


Subject Kurdistan Region of Iraq petroleum sector. Significance The Kurdistan Region of Iraq (KRI) petroleum sector has struggled to make progress in the context of local political and economic crises, the continuing fight against IS and some disappointing geological findings. Oil production is stagnant at around 600,000-650,000 barrels per day (bpd). Owing to persistent budgetary shortfalls, payments to international oil companies (IOCs) have faced delays. Impacts The defeat of Islamic State (IS) could open up potential oil and gas blocks in the Nineveh plains and around Kirkuk. The risk of conflict between Kurdish and Baghdad government forces over disputed oil and gas fields will rise. Worsening conflict in the Kurdish south-east of Turkey could endanger oil (and future gas) exports.


2021 ◽  
Vol 6 (1) ◽  
pp. 29-32
Author(s):  
A. A. Bandaletova ◽  
A. Y. Gavrilov ◽  
E. V. Galin

The state of the mineral resource base of hydrocarbons in recent years has been characterized by a decrease in proven reserves and extremely low rates of their reproduction. In Western Siberia, as in other oil-bearing provinces of Russia, economically profitable oil reserves are decreasing. It is obvious that the development of the fuel and energy complex is becoming more focused on the development of hard-to-recover reserves, which account for almost 2/3 of the proven oil reserves. Technologies for the extraction of such raw materials are characterized by higher capital costs, which requires the search for new ways to increase the profitability of projects. One of these areas is the extraction of metals from the associated water of oil and gas fields. In this paper, the possibility of using the technology for extracting lithium from the associated waters of the Orenburg oil and gas condensate field is evaluated, and the boundary conditions for the implementation of this technology are determined.


CIM Journal ◽  
2018 ◽  
Vol 9 (4) ◽  
pp. 195-214
Author(s):  
G. J. Simandl ◽  
C. Akam ◽  
M. Yakimoski ◽  
D. Richardson ◽  
A. Teucher ◽  
...  

Author(s):  
A.V. Antonov ◽  
◽  
Yu.V. Maksimov ◽  
A.N. Korkishko ◽  
◽  
...  

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