Home
  • Register

Hot Subjects

software

FreeTrial2spacerBuyNow1

“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

Exploration and Development

  • Trump signs executive order to begin reversing Obama OCS decisions

    US President Donald Trump signed an executive order that reverses his predecessor’s Arctic offshore oil and gas leasing ban and directs Interior Sec. Ryan Zinke to allow responsible development of other US offshore areas’ energy resources. Oil and gas trade associations and other business groups immediately hailed the president’s Apr. 28 action. Environmental organizations and California, Oregon, and Washington’s Democratic governors promptly condemned it.

  • Pemex acquires seismic data for southern Gulf of Mexico

    Mexico’s Petroleos Mexicanos (Pemex) will study the Salina del Istmo province in the southern Gulf of Mexico in a multiclient 3D wide azimuth survey covering deep and shallow-water areas near the Cantarell and Ku-Maloob-Zaap reservoirs.

  • Senate Democrats introduce bill to preserve 2017-22 OCS program

    US Senate Democrats introduced a bill on Apr. 27 to preserve the 2017-22 Outer Continental Shelf oil and gas program a day before President Donald J. Trump was expected to issue an executive order for it to be reviewed, and a day after congressional Republicans introduced bills that would direct Sec. of the Interior Ryan Zinke to review moratoria and future leasing schedules.

  • Total sanctions, increases interest in Vaca Muerta development

    Total SA has sanctioned development of the first phase of its operated Aguada Pichana Este license in Neuquen on the northwestern tip of Patagonia, part of Argentina’s Vaca Muerta shale region. The group also will increase its interest in the license to 41% from 27.27%.

  • Cairn unit to operate block off Ireland

    Capricorn Oil Ltd., a wholly owned subsidiary of Cairn Energy PLC, has become operator of Licensing Option 16/19 offshore Ireland after acquiring a 70% interest from Europa Oil & Gas (Holdings) PLC.

Drilling and Production

Drilling and Production News

Lundin Petroleum AB (LUPE), the Swedish explorer focused on Norway, said there won’t be any new oil output in the ice-filled waters of the Arctic for at least 15 years because of technical and logistical challenges.

“I don’t think we’ll see any oil production in the Arctic any time soon -- probably not this decade and not the next,” Chairman Ian Lundin said in a Feb. 20 interview in Stockholm. “The commercial challenges are too big.”

The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.

Royal Dutch Shell Plc. (RDSA), Europe’s biggest oil company, in January again halted drilling plans off Alaska after a court ruled the area had been illegally opened to exploration. That followed a previous postponement after a series of technical mishaps in 2012, including the stranding of a rig.

Off the coast of Greenland, drilling has yet to resume after Cairn Energy Plc (CNE) spent $1 billion on exploration without making commercial finds in iceberg-ridden waters, while Russia’s Shtokman gas project, 600 kilometers (370 miles) from shore in the Barents Sea, has been stalled for years.

Lower Priority

As companies including Shell and Norway’s state-controlled Statoil ASA (STL) cut planned investments amid rising costs across the industry, expensive Arctic projects could get a lower priority.

“It may take a while to develop the right technology,” Lundin’s chairman said. “Investments are very, very high so it still has to be commercially justified.”

Another factor undermining the appeal of expensive exploration projects is the outlook for crude prices. Brent oil for delivery in 2016 is trading at about $97.45 a barrel, down 11 percent from the current spot price of $110.07 for the global benchmark, according to data compiled by Bloomberg from the Ice Futures Europe Exchange.

An exception to Arctic challenges is the southern part of Norway’s Barents Sea, Lundin said. While inside the Arctic circle, it benefits from a less-harsh climate and shallower and ice-free waters, and may hold 8 billion barrels of oil equivalent in undiscovered resources, more than 40 percent of the country’s total.

Dwindling Reserves

To compensate for dwindling reserves in aging North Sea fields, Norway is pushing into the Barents, which holds 54 of the 61 blocks the government has proposed issuing in its next licensing round. More than half will be in a newly opened area previously disputed with Russia.

“In the Barents Sea we’ll probably see production much sooner because there’s no technological gap,” he said. “It’s now just a matter of having the reserve base that you’re required to have to justify the investment.”

Lundin fell as much as 0.8 percent and traded 0.2 percent lower at 127.3 kronor as of 10:40 a.m. in Stockholm. That curbs the stock’s gain to 1.5 percent so far this year and gives Lundin a market value of 40.5 billion kronor ($6.2 billion.)

Some oil production has already started in Arctic waters. BP Plc (BP/)’s Prudhoe Bay field in Alaska has been producing since the 1970s, while OAO Gazprom in December became the first Russian company to extract oil from the Arctic seabed at the Prirazlomnoye field in the Pechora Sea.

Contrasting Outlooks

Eni SpA (ENI) will become the first company to produce oil in Norway’s Barents Sea when its Goliat field starts in the third quarter this year, even though the Norwegian Petroleum Directorate has said it expects delays. Statoil’s Snohvit gas field, which began output in 2007, is the only producing field in the Norwegian Barents Sea to date.

Lundin discovered as much as 145 million barrels of oil at the Gohta prospect in the Barents Sea last year. That has helped revive optimism among explorers after Statoil postponed an investment decision on its nearby Johan Castberg project because of higher costs, taxes and uncertainty about resource estimates of as much as 600 million barrels of oil.

Gohta was Norway’s first oil discovery in Permian layers with sufficient flow, and opened up a new exploration model for the area with as many as 10 new drilling targets, the Swedish explorer has said. Lundin is planning an appraisal well at Gohta in the second quarter and will drill the nearby Alta prospect in the third.

Lundin’s optimism contrasts with Statoil, which has found oil at just one of four exploration wells designed to boost crude resources for its Castberg project and make it more profitable. Still, current resources are sufficient to be developed and Gohta could even be coupled with Castberg, Lundin has said.

“There are other discoveries in the same area” as Gohta, the chairman said. “After we go through the appraisal phase we’ll hopefully be in a position where we can just press the button for development.”

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 ...

S5 Box

Register