Table of ContentsDepartmentsCommentDeep pockets, deepwater, deep drillingThe well documented global credit crunch is sending some highly leveraged companies into free fall and posing questions of short and medium-term profitability for others, according to an in-depth analysis by Julian Callanan and Dr. Roger Knight of Infield Systems, London.
Global dataGLOBAL DATAGLOBAL DATA
Global E&P BriefsGLOBAL E&PThe Tot exploration well, 1-ESS-185D, located in the ES-5 block offshore Brazil, is a discovery, according to El Paso Corp.
Offshore EuropeOFFSHORE EUROPEAn upsurge in activity west of the Shetlands could trigger some major projects over the next few years.
Gulf of MexicoGULF OF MEXICOUS oil production is forecast to increase in 2009, most of it from three Gulf of Mexico platforms: Atlantis, Thunder Horse, and Tahiti late in the year. These platforms will account for two-thirds of the total domestic increase, according to Energy Information Administration.
Subsea/Surface SystemsSUBSEA SYSTEMSThe new record depth for subsea completion of 9,356 ft (2,852 m) set by Shell at the Silvertip field part of Perdido in the Gulf of Mexico used an enhanced vertical deepwater tree system from FMC Technologies Inc.
Vessels, Rigs,UpgradeVESSELS, RIGS, & SURFACE SYSTEMSDockwise Shipping has received nine contracts totaling $45 million for the transportation of jackup and semisubmersible drilling rigs, dredging equipment, and various other cargoes.
Drilling/ProductionDRILLING & PRODUCTIONThe latest developments in the design of an unmanned and fully automated seabed drilling rig for ultra deepwater and arctic conditions generated interest at the DOT International Asia-Pacific conference in Perth, Australia.
GeosciencesGEOSCIENCESCGGVeritas expects to complete processing on its multi-client wide-azimuth 3D Gulf of Mexico survey covering 474 blocks in southern Green Canyon and central Walker Ridge in time for MMS OCS lease sale 208 scheduled in March. The subsalt Eocene trend in the area contains discoveries including Jack, Julia, Bigfoot, and Tahiti.
Business BriefsBUSINESS BRIEFSAfren has appointed Egbert Imomoh as chairman. He replaces Rilwanu Lukman, who has been appointed Nigeria’s minister of Petroleum Resources.
Beyond the HorizonMeasurement should be integral to materials planning strategyMost people in the oil industry know that accurate measurement can contribute to successful flow assurance and corporate social responsibility compliance.
Gulf of MexicoCredit crunch could signal GoM opportunity for Super MajorsDeep pockets, deepwater, deep drilling are keys to survival
Survey of Deepwater Discoveries Click here to view Deepwater Discoveries
Despite new technologies, critical subsalt challenges remainWell control, tar, vibration top technical concerns
E-TechnologyComputing power drives exploration advancesGPUs, parallel processing contribute to faster turnaround
DOT PreviewDOT International goes deepThree technology tracks organize related information, practices
Geology & GeophysicsAnisotropy paysGoM case study proves value of accounting for anisotropy
Engineer, Construction & InstallShell’s Perdido sets mooring recordFloating production system anchor to be world’s deepest
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