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“Welcome to PetroSharp, where energy meets with the digital world”

A division of petrObjects.com

IN THE SPOTLIGHT PETROSHARP

At PetroSharp, we combine multidisciplinary approaches. Geology is used as a basic tool for carrying field studies utilizing remote sensing techniques for surface exposures and geophysical techniques for subsurface successions.
Petroleum geology and engineering combined with reservoir and chemical engineering techniques are used for field development. All branches are backed by the physical and mathematical laws. We accomplish our goals efficiently to discover, recover and develop oil targets. We use commercial state-of-the-art packages along with our in-house packages to accomplish our goals.
We prepare high-quality static models of petroleum reservoirs that include highly-complicated fault & fracture systems. Evaluate the model and run dynamic modeling of both conventional & naturally-fractured petroleum reservoirs.

Unit Conversion Software
2014

PetroSharp BigDecimal Unit Converter

The converter has been designed by staff of PetroSharp (www.petrosharp.com). It includes two dynamic link libraries (DLL); which are properties of PetroSharp. The BigDecimal Library™; ...

Unknown Composition
Oil Module

Unknown Composition Oil Module

The Unknown Composition Oil object calculates the physical properties of a petroleum reservoir oil sample solely from its specific gravity and bubble-point pressure. The object does not make ...

Unknown Composition
Gas Module

Unknown Composition Gas Module

The Unknown Composition Gas object calculates the physical properties of a petroleum gas mixture solely from its specific gravity. The object does not make any check for temperature and pressure ranges ...

Latest News - Oil & Gas

  • Venezuelan choices worsened by another political failure

    Venezuelans know they would not be confronting only the authoritarian regime of President Nicolas Maduro if they resumed protests after yet another political failure.

  • API: US petroleum product demand hits 10-year September peak

    US petroleum product demand averaged more than 20.2 million b/d in September, 2.4% more than a year earlier and the highest level for the month since 2007, the American Petroleum Institute reported.

  • Baker Hughes: US rig count falls 15 units to 913

    The US rig count during the week ended Oct. 20 declined for the ninth time in 12 weeks. Baker Hughes’ tally of active rigs fell 15 units this week to 913. 

  • PTTEP further delays Alberta oil sands project

    Thailand’s PTT Exploration & Production PCL (PTTEP) will delay its final investment decision on the 612-sq-km Mariana Oil Sands Project near Athabasca, Alta., according to a Reuters report. PTTEP also will record a $550-million impairment in its third-quarter earnings.

  • US Senate rejects bid to remove ANWR provision from budget bill

    The US Senate rejected an amendment that would have removed language authorizing oil and gas development within the Arctic National Wildlife Refuge from the fiscal 2018 budget bill on Oct. 19. The 52-48 ballotinglargely followed party lines, with Republicans except Susan Collins (Me.) voting against it and Democrats except Joe Manchin (W.Va.) supporting it. 

Exploration and Development

Drilling and Production

Drilling and Production News

  • API: US petroleum product demand hits 10-year September peak

    US petroleum product demand averaged more than 20.2 million b/d in September, 2.4% more than a year earlier and the highest level for the month since 2007, the American Petroleum Institute reported.

  • Baker Hughes: US rig count falls 15 units to 913

    The US rig count during the week ended Oct. 20 declined for the ninth time in 12 weeks. Baker Hughes’ tally of active rigs fell 15 units this week to 913. 

  • PTTEP further delays Alberta oil sands project

    Thailand’s PTT Exploration & Production PCL (PTTEP) will delay its final investment decision on the 612-sq-km Mariana Oil Sands Project near Athabasca, Alta., according to a Reuters report. PTTEP also will record a $550-million impairment in its third-quarter earnings.

  • Contract let for West White Rose drilling package

    In preparation of the 2022 startup of Husky Energy Inc.’s West White Rose project, Wood Group Canada Inc. has let a contract to MHWirth AS, a unit of Akastor ASA, for the delivery of a drilling package, including equipment, engineering, and services.

  • WoodMac: Libya’s oil production might have reached near-term potential

    Wood Mackenzie Ltd. analysts believe Libya’s oil production might have reached near-term limits with only gradual future growth. The possibility of longer-term political normalization and a reduction in the nation’s political conflicts depends on Libya maintaining oil production.

Dec. 20, 2013

A new study finds that in Texas, the U.S. state that annually generates the most electricity, the transition from coal to natural gas for electricity generation is saving water and making the state less vulnerable to drought.

Even though exploration for natural gas through hydraulic fracturing requires significant water consumption in Texas, the new consumption is easily offset by the overall water efficiencies of shifting electricity generation from coal to natural gas. The researchers estimate that water saved by shifting a power plant from coal to natural gas is 25 to 50 times as great as the amount of water used in hydraulic fracturing to extract the natural gas. Natural gas also enhances drought resilience by providing so-called peaking plants to complement increasing wind generation, which doesn't consume water.

The results of The University of Texas at Austin study are published this week in the journal Environmental Research Letters.

The researchers estimate that in 2011 alone, Texas would have consumed an additional 32 billion gallons of water -- enough to supply 870,000 average residents -- if all its natural gas-fired power plants were instead coal-fired plants, even after factoring in the additional consumption of water for hydraulic fracturing to extract the natural gas.

Hydraulic fracturing is a process in which water, sand and chemicals are pumped at high pressure into a well to fracture surrounding rocks and allow oil or gas to more easily flow. Hydraulic fracturing and horizontal drilling are the main drivers behind the current boom in U.S. natural gas production.

Environmentalists and others have raised concerns about the amount of water that is consumed. In Texas, concerns are heightened because the use of hydraulic fracturing is expanding rapidly while water supplies are dwindling as the third year of a devastating drought grinds on. Because most electric power plants rely on water for cooling, the electric power supply might be particularly vulnerable to drought.

"The bottom line is that hydraulic fracturing, by boosting natural gas production and moving the state from water-intensive coal technologies, makes our electric power system more drought resilient," says Bridget Scanlon, senior research scientist at the university's Bureau of Economic Geology, who led the study.

To study the drought resilience of Texas power plants, Scanlon and her colleagues collected water use data for all 423 of the state's power plants from the Energy Information Administration and from state agencies including the Texas Commission on Environmental Quality and the Texas Water Development Board, as well as other data.

Since the 1990s, the primary type of power plant built in Texas has been the natural gas combined cycle (NGCC) plant with cooling towers, which uses fuel and cooling water more efficiently than older steam turbine technologies. About a third of Texas power plants are NGCC. NGCC plants consume about a third as much water as coal steam turbine (CST) plants.

The other major type of natural gas plant in the state is a natural gas combustion turbine (NGCT) plant. NGCT plants can also help reduce the state's water consumption for electricity generation by providing "peaking power" to support expansion of wind energy. Wind turbines don't require water for cooling; yet wind doesn't always blow when you need electricity. NGCT generators can be brought online in a matter of seconds to smooth out swings in electricity demand. By combining NGCT generation with wind generation, total water use can be lowered even further compared with coal-fired power generation.

The study focused exclusively on Texas, but the authors believe the results should be applicable to other regions of the U.S., where water consumption rates for the key technologies evaluated -- hydraulic fracturing, NGCC plants with cooling towers and traditional coal steam turbine plants -- are generally the same.

The Electric Reliability Council of Texas, manager of the state's electricity grid, projects that if current market conditions continue through 2029, 65 percent of new power generation in the state will come from NGCC plants and 35 percent from natural gas combustion turbine plants, which use no water for cooling, but are less energy efficient than NGCC plants.

"Statewide, we're on track to continue reducing our water intensity of electricity generation," says Scanlon.

Hydraulic fracturing accounts for less than 1 percent of the water consumed in Texas. But in some areas where its use is heavily concentrated, it strains local water supplies, as documented in a 2011 study by Jean-Philippe Nicot of the Bureau of Economic Geology. Because natural gas is often used far from where it is originally produced, water savings from shifting to natural gas for electricity generation might not benefit the areas that use more water for hydraulic fracturing.

Red Sea Studies

 

The Red Sea is a seawater inlet of the Indian Ocean, lying between Africa and Asia. The connection to the ocean is in the south through the Bab el Mandeb strait and the Gulf of Aden. In the north, there is the Sinai Peninsula, the Gulf of Aqaba, ...

Petroleum Reserves

Petroleum is the world's major source of energy and is a key factor in the continued development of the world's economies. Therefore, it is essential for the countries future planning to have a clear assessment of their petroleum reserves ...

Field Development Plans

Field Development Planning has been prevalent in the Petroleum Industry since the first development projects. Uncertainty in crude prices, advancements in technology and the decreased quality of newly discovered reservoirs; means that field development plans now involve much greater detail ...

PetroSharp in Deep

  • Bio Stratigraphy

    The goal of biostratigraphy is to use fossil occurrences within the rock record to establish correlations between time-equivalent rock strata as determined by the presence of a particular fossil species ...
     

    Fault Seal Analysis

    Dry Holes (Leaking faults can bleed a trap dry). Dry Holes (Faults can create empty reservoirs & empty compartments within the producing field). Dry Holes (Sealing faults can keep a trap from being charged) ...

    Petroleum Systems

    Petroleum System consists of a mature source rock, migration pathway, reservoir rock, trap and seal. Appropriate relative timing of formation of these elements and the processes of generation, ...

    Core Analysis

    Core-based measurements offer the most tangible and direct means of determining critical reservoir parameters. Core analysis can play a vital role in field equity or unitization and is often considered to be the ground truth ...
  • Reservoir Characterisation

    A model of a reservoir that incorporates all the characteristics of the reservoir that are pertinent to its ability to store hydrocarbons and also to produce them. Reservoir characterization models ...

    Reservoir Engineering

    Applies scientific principles to the drainage problems arising during the development and production of oil and gas reservoirs so as to obtain a high economic recovery ...

    Average Evaluation

    Exploration, production and average evaluation includes review and validating existing data (Geophysical, geological, geochemical, engineering and production data) ...

    Sequence Stratigraphy

    The study of stratigraphic sequences, defined as stratigraphic units bounded by unconformities. With improvements in the acquisition and processing of reflection-seismic data by petroleum exploration companies ...
  • Field Development Plans

    Field Development Planning has been prevalent in the Petroleum Industry since the first development projects. Uncertainty in crude prices ...

    Volumetric & Ranking

    Volumertics, Risking and ranking includes Play and prospect analysis, Complex trap Volumertics, Detailed geological risking, Geostatistics and Heterogeneity Modeling, 3-D Geocelular Static Model ...

    Res Sea: Source Rock

    In petroleum geology, source rock refers to rocks from which hydrocarbons have been generated or are capable of being generated. They form one of the necessary elements of a working petroleum system ...

    Dynamic Modeling

    The most widespread source for subsurface data is 2-D and, increasingly, 3-D seismic. Data related to boreholes - such as well logs and rock samples - provide crucial complementary and calibration parameters ...

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