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SAGDo or SAGDon't

New Technology Magazine is the best source for stories about new and cost-saving technologies in the upstream oil and gas industry.

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Bioreaction to the GHG Issue

Technologies use micro-organisms to consume waste CO2

By Carter Haydu

Microbial life forms that gorge themselves on the carbon emissions from Alberta’s oil and gas industry would not only reduce the negative environmental impacts from the sector, but could also provide the province economic growth through refinement of valuable by-products of the bioreactor process.

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Driving Down Downtime

 

Production at Canada’s biggest thermal oil project typically meets or exceeds design capacity—Imperial Oil explains the system behind the results

By Pat Roche

About a quarter of a century ago, a young engineer named Rich Kruger was working at what was then Exxon Corporation when he was given an assignment by one of the U.S. oil giant’s top executives. Imperial Oil Limited (roughly 70 per cent owned by Exxon, which became Exxon Mobil Corporation after acquiring Mobil Corp. in 1999) was looking at a significant increase in its proved reserves bookings at its Cold Lake thermal oil project. The Calgary-based subsidiary was talking about increasing its estimate of recoverable Cold Lake bitumen to slightly more than 20 per cent from somewhere in the teens.

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SAGDo SAGDon’t

Trail-blazing in situ oilsands producer challenged by maturing assets

Read more...For a technology that wasn’t used on a large scale until 2001, steam assisted gravity drainage (SAGD) isn’t doing too badly. Last year, it produced more than 570,000 barrels of bitumen a day, making it Alberta’s second most important oil extraction method after bitumen mining, which produced 978,000 barrels a day in 2013.

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Big Data

 

Creating value from the flood of oilfield data reaching head office

Read more...The world is experiencing a tsunami of information. International Data Corporation, a consultancy, reported that the amount of data stored worldwide in 2012 added up to 2.7 zettabytes (see box on page 16). That amount is growing at approximately 50 per cent every year, which means it’s somewhere north of five zettabytes by now.

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Daily Oil Bulletin | JuneWarren-Nickle's Energy Group