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subsurface pressures

Estimated reading time: 3 minutes   Understanding subsurface pressures and their effects on the hydrocarbon system is a key input into developing successful exploration strategies, efficient well planning and ensuring the safe and effective exploration and exploitation of petroleum reservoirs.  Pressure data is needed in well planning and to define exploration risk and new opportunities…

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Geology of West Africa

Estimated reading time: 6 minutes   Exploration and Production (E&P) projects have discovered major oil and gas fields in continental margin systems in areas such as the North Sea, Gulf of Mexico, offshore South America and offshore Africa. Other areas also include The Santos, Campos and Espirito Santo basins off the coast of Brazil that…

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Industry Petroleum Oilfield Pump Jack Fuel Oil

Estimated reading time: 5 minutes   A PSC (Production Sharing Contract), or PSA (Production Sharing Agreement), creates a contractual relationship between an IOC (International Oil Companies) and the host country, authorising the IOC to explore for and exploit hydrocarbons in a defined area and for a defined period. By definition, a PSC is a contract between…

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Production Sharing Contracts

Estimated reading time: 3 minutes   The Production Sharing Contract is one of the most significant form of legal contracts/agreement to be found in the oil and gas industry. The purpose of any contract is to establish the rights; duties and obligations of the parties are in terms of both performance and conduct. By definition, a…

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Gulf of Mexico

Estimated reading time: 3 minutes   Geography of the Gulf of Mexico The Gulf of Mexico is an ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of the United States, on the southwest…

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CGG[1] has commenced the start of Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin. This project will be presenting the highest-resolution 3D seismic data available in this industry.   Imaging the Gippsland Basin’s shelf break and various submarine channels is an arduous task. The introduction of CGG’s technology, this project will bring forth…

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It is estimated that more than 60% of the world’s oil and 40% of the world’s gas reserves can be found in carbonate reservoirs. For instance, Middle East is dominated by carbonate fields – 70% of oil, 90% of gas reserves within these reservoirs. There is an estimate amount of 40 billion bbl of recoverable…

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The exploration and production of oil and natural gas requires high levels of capital expenditures and are subject to natural hazards and other uncertainties, including the physical attributes of oil and gas fields.   Exploration drilling for oil and gas embeds numerous risks including the risk of dry holes or failure to find commercial quantities…

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