Petroleum production

Decades later in 1991, the potential of coil tubing to become a major cost saver resurfaced due to metallurgical developments creating higher strength steals and continuous milled tubing (replacing the inferior process of welding each section of tubing together individually). These advances along with the development of thicker diameter coil and more accurate tools for controlling downhole orientation, gave CTD merit for potentially becoming a useful tool in some situations (Kumar, 2011). Applications of CTD Today, coiled tubing (CT) is used for a wide variety of applications such as re-entry drilling, disposable exploration wells, deviated wells, lateral drain holes, hydraulic fracturing screen-outs, clean outs, plugging, slim-hole production tubing, well logging, onshore and offshore pipeline installation, and steam injection enhanced oil recovery. Yet, CT primarily serves as a tool for well workovers and other well maintenance services. Since CT revitalization in 1991, CTD has developed enough to become a viable alternative to conventional drilling in certain situations because of its tremendous time reduction incentive (Leising and Newman, 1993; Yang 1998). Economic Advantages of CTD Coil tubing drilling, when properly used, offers a wide variety of economic advantages over conventional drilling. The central advantage of CTD is its ability to drill underbalanced (closed wellbore) safely. Underbalance drilling results in extremely high rates of penetration not…

Risk assessment of Deepwater Horizon Oil Rig Explosion and Oil Spill and Current Layout Shishir Tripathi Abstract—The explosion and the consequent sinking of Deepwater Horizon oil rig resulted in one of the worst accidental oil spill disaster in the history of petroleum industry. The investigation reports conclude several causes leading to the disaster. The primary cause for the incident, however, is attributed to the negligence and absence of disaster management procedures and protocols. The…

The great consumption of fossil fuels and the exponential increase in human population have also increase the greenhouse gases on the planet. The depletion and of petroleum and to their harm to the environment, biofuel arise as a promising option to replace fossil fuels in the future. Biofuel are derived from biomass conversion with many different examples such as biogas, biodiesel and bioethanol as the most currently used, and biofuels are considered not to leave a carbon print to the…

come up with safe designs that meet the needs of society. Petroleum engineering is a much newer field which essentially developed from geology and geophysics to take a life on its own. Petroleum engineering uses the ideas and knowledge acquired from geosciences and brings them to life by creating…

“There’s a proverb in Norway that says necessity teaches the naked woman how to knit,” said Bjorn Otto Sverdrup, a Statoil vice president (The New York Times, 2015). Although the companies cannot control the price of which oil is traded, they can influence how effective the drilling and production is going to be. Statoil is aiming to advance the field recovery from the typical 30 – 35% to an incredible 60% using new technology that could move compression which is needed to pump up oil and gas…

The Cause and Effect After the First Oil Field was Discovered in China During 1950s, Chinese had a great change, especially in industry economic part, that let person can’t help to figure out the reasons which hiding behind and how Chinese government develop their own industry starting from nothing. Getting back to the time when Chinese government just has been set up, the country is backward in every parts especially in economy and technique part, also Chinese have…

The National Emergency Petroleum Act was passed in 1973. It was in response to the crude oil and petroleum crisis. This action was taken by President Richard Nixon. It states that the President has the promulgate regulation to distribute and control price of petroleum products. This was big in the oil crisis because we were running out of oil and no one could get it. If it weren’t for President Nixon our country could have been in deep trouble with no oil or petroleum products . This means that…

refineries. U.S. oil production was about 9,000,000 barrels per day in early November 2014. Now, the pipeline is 1,179 miles, but at the end of phrase four the pipeline will have a total length of 2,148 miles, with the new line having…

aim of this chapter is to relate the discussion on the accounting, accountability and governance to the study context that is, the Nigerian Oil and Gas Sector together with the responsibilities of the NCDMB and the IOCs as the two major accountors in the implementation of local content in petroleum contracts. This discussion is important because as the NCDMB is charged with the enforcement accountability, the IOCs as the investors, license-holders and awarders of oil contracts are charged with…

Chevron Corporation was established in 1879 which generally deals with the energy products such as oil, gas, and geothermal energy industries such as marketing, refining, production, exploration, and sales. Chevron has been very successful company of standard oil, where their main headquarter is in San Ramon, California, and they have been part of more than 180 countries across the world. Chevron company was renamed many times, as in 1911, the company was to be known as Standard oil Co. then…