PETRO JOURNAL
SEPTEMBER 2018 EDITION JOURNALISM SPE ITS SC 2018/2019
Montlhy Recap
Flash News
Company Profile
Flash Course Competition Info
INDEX
SPE ITS ROADSHOW
OPEN RECRUITMENT MEMBER
Geophysical Engineering Dept. August 23rd, 2018
Faculty of Electrical Technology August 24th, 2018
ITS Library Hallway September 17 - 21, 2018
Chemical Engineering Dept. September 21st, 2018
MONTHLY RECAP
SPE GRADUATION
Faculty of Marine Technology September 15th, 2018
Faculty of Electrical Technology September 22th, 2018
Faculty of Industrial Technology September 23st, 2018
Geophysical Engineering Dept. September 16th, 2018
MONTHLY RECAP
WELCOME PARTY MEMBER
Theater A September 26th, 2018
MONTHLY RECAP
FLASH NEWS
Oil Prices On The Rise Saturday, 29 Sep 2018
PHOTO: THE STAR After a prolonged period of weakness, global crude oil prices appear to be on their way back up to level last seen in 2014. Over the week, the commodity price breached the crucial level of US$82 per barrel due to the tightening of commodity market and the reluctance of the Organisation of the Petroleum Exporting Countries (Opec) leaders to immediately boost production. In fact, some pundits believe oil prices could rise back to US$100 per barrel before the end of 2018. A report by Bloomberg over the week noted that with the US sanctions on Iran taking full effect in early November, the US$100-oil scenario could become more realistic. Adding to positive sentiment were forecasts for a decline in US stockpiles. Nevertheless, Goldman Sachs Group Inc has poured cold water on oil forecasts of US$100 per barrel. n a note, the global financial institution said another supply catalyst beyond Iran would likely be needed for prices to meaningfully break to the upside. Goldman Sachs pointed out that production from other Opec producers and Russia could offset losses out of Iran, while any big jump in prices this fall ahead of the US mid-term elections would likely lead to President Donald Trump authorising a release from the country’s strategic reserves. As a result, the bank, said Brent prices would likely stabilise at US$70 to US$80 per barrel by the end of 2018. Separately, some analysts noted that the escalating trade tensions between China and the US could dampen global economic growth, and hence, put demand for energy at risk in the longer term, and offset the tightening of oil supply.
FLASH NEWS
PHOTO: THE STAR
FLASH NEWS
On that note, Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin said that all oil and gas players should still “tread cautiously” despite the rising optimism in the market amid rising oil prices. “As encouraging as it is, we can still expect volatility to continue given the prevailing external factors such as trade wars and other geopolitical risks,” Wan Zulkiflee said. “While it is evident that players are now changing gears from survival to growth mode, I urge all players to tread carefully and respond cautiously to the unpredictable landscape,” he added.(The Star) Source: https://www.thestar.com.my/business/business-news/2018/09/29/oil-prices-on-the-rise/
COMPANY PROFILE
Schlumberger N.V., incorporated on November 6, 1956, provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company's segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group The Reservoir Characterization Group is engaged in finding and defining hydrocarbon resources. The Drilling Group is engaged in drilling and positioning of oil and gas wells. The Production Group is engaged in the lifetime production of oil and gas reservoirs. The Cameron Group is engaged in pressure and flow control for drilling and intervention rigs, oil and gas wells, and production facilities. The Company operates in North America, Latin America, and the Middle East and Asia, among others. The Company's subsidiaries include Schlumberger Holdings Corporation and Schlumberger Investment SA.
PHOTO: SCHLUMBERGER
COMPANY PROFILE
PHOTO: MRT.COM Wireline provides the information necessary to evaluate subsurface formation rocks and fluids to plan and monitor well construction, and to monitor and evaluate well production. Wireline offers both openhole and cased-hole services, including wireline perforating. Slickline services provide downhole mechanical well intervention. Testing & Process provides exploration and production pressure and flow-rate measurement services both at the surface and downhole. Through its Process Systems offering, Testing & Process provides equipment for the upstream, midstream and downstream separation of oil, gas, and produced water and water injection systems. Testing & Process also provides tubing-conveyed perforating services. SIS sells software and provides consulting, information management and information technology (IT) infrastructure services to customers in the oil and gas industry. SIS also offers expert consulting services for reservoir characterization, field development planning, as well as petrotechnical data services and training solutions. ISM provides coordination and management of its services, products, and third parties in projects around the world.
PHOTO: FORBES
COMPANY PROFILE
The Company's Reservoir Characterization Group The Company's Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources. These include WesternGeco, Wireline, Testing & Process, Software Integrated Solutions (SIS) and Integrated Services Management (ISM). WesternGeco is a geophysical services supplier, providing reservoir imaging, monitoring and development services. WesternGeco provides measurements and images of subsurface geology and rock properties for both customer proprietary and multiclient surveys. WesternGeco offers the multi-client library.
Drilling Group The Company's Drilling Group consists of the principal technologies involved in the drilling and positioning of oil and gas wells and comprises Bits & Drilling Tools, M-I SWACO, Drilling & Measurements, Land Rigs and Integrated Drilling Services (IDS). Bits & Drilling Tools designs, manufactures and markets roller cone and fixed cutter drill bits for various environments. Drilling Tools includes a range of bottom-holeassembly, borehole-enlargement technologies and impact tools, as well as a collection of tubulars and tubular services for oil and gas drilling operations. M-I SWACO is a supplier of drilling fluid systems engineered to expand drilling by anticipating fluidsrelated problems; fluid systems and specialty equipment designed to optimize wellbore productivity, and production technology solutions. M-I SWACO also provides engineered managed pressure drilling and underbalanced drilling solutions, as well as environmental services and products to manage waste volumes generated in both drilling and production operations.
PHOTO: SCHLUMBERGER
COMPANY PROFILE
Drilling & Measurements provides mud logging services for geological and drilling surveillance, directional drilling, measurement-while-drilling and loggingwhile-drilling services for various well profiles, as well as engineering support. Land Rigs provides land drilling rigs and related support services. The land drilling system represents an integrated drilling platform bringing together digitally enabled surface and downhole hardware combined with a common optimization software. IDS supplies various services necessary to construct or change the architecture (re-entry) of wells. IDS covers various aspects of well planning, well drilling, engineering, supervision, logistics, procurement and contracting of third parties, and drilling rig management.
PHOTO: SCHLUMBERGER
PHOTO: SCHLUMBERGER
Production Group The Company's Production Group consists of principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Integrated Production Services (IPS) and Schlumberger Production Management (SPM). Well Services provides services used during oil and gas well drilling and completion, as well as those used to maintain production. Such services include pressure pumping, well cementing and stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring and downhole data acquisition. Completions supplies well completion services and equipment that include packers, safety valves, sand control technology, as well as a range of intelligent well completions technology and equipment.
COMPANY PROFILE
Artificial Lift provides production equipment and optimization services using electrical submersible pumps, gas lift equipment, rod lift systems, progressing cavity pumps and surface horizontal pumping systems. Integrated Production Services offers the project scope necessary to abandon, maintain, or upsurge the production of single or multiple wells. All features of project planning are addressed and include well engineering, wellsite supervision, civil engineering, logistics, procurement, contracting of third parties, and workovers. Schlumberger Production Management is a business model for field production projects. This model combines the required services and products of the technologies with drilling rig management, specialized engineering and project management expertise to provide a solution to well construction.
Cameron Group The Company's Cameron Group consists of principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities, and includes OneSubsea, Surface Systems, Drilling Systems, and Valves & Measurement. OneSubsea provides integrated solutions, products, systems and services for the subsea oil and gas market, including integrated subsea production systems involving wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors and services designed to exploit reservoir recovery and extend the life of each field. OneSubsea offers integration and optimization of the entire production system over the life of the field by flow control expertise and process technologies with petrotechnical expertise, and reservoir and production technologies.
PHOTO: SCHLUMBERGER
COMPANY PROFILE
Surface Systems designs and manufactures onshore and offshore platform wellhead systems and processing solutions, including valves, chokes, actuators and Christmas trees, and provides services to oil and gas operators. Drilling Systems provides drilling equipment and services to shipyards, drilling contractors, exploration and production (E&P) companies and rental tool companies. The products fall into two categories: pressure control equipment and rotary drilling equipment. These products are designed for either onshore or offshore applications and include drilling equipment packages, blowout preventers (BOPs), BOP control systems, connectors, riser systems, valves and choke manifold systems, top drives, mud pumps, pipe handling equipment, rig designs and rig kits. Valves & Measurement serves portions of the upstream, midstream and downstream markets, and provides valve products and measurement systems that are used to control, direct and measure the flow of oil and gas as they are moved from wellheads through flow lines, gathering lines and transmission systems to refineries, petrochemical plants and industrial centers for processing.(Reuters) Source: https://www.reuters.com/finance/stocks/company-profile/SLB
PHOTO: SCHLUMBERGER
FLASH COURSE
How Offshore Drilling Works. Offshore Production Platforms Once the exploratory drilling phase is over and geologists have determined that a petroleum reservoir is worth the massive expense, oil companies prepare to establish an offshore production platform. These rigs are designed to last decades, often far from land and in some of the most hostile waters on Earth. Construction crews typically build the platforms on a nearby coast and then transport them as needed to the drilling site. Production costs for these vessels typically run in the hundreds of millions of dollars. There are currently seven different varieties of offshore platforms. Fixed platform: This platform design tackles the challenges of offshore drilling in the most straightforward and industrial way imaginable. Need to fix production facilities to a position above your drilling site? Why not construct a gigantic tower of concrete and steel and mount your oil rig on top? To fully comprehend the amount of materials that go into constructing this underwater structure, consider that they operate at depths of 1,500 feet (457 meters) or less -- that's just a little taller than Chicago's Sears Tower. These platforms are extremely stable, despite the fact that the concrete base isn't even attached to the seafloor. It simply stays in place due to all the weight above it. However, at depths greater than 1,500 feet, the design begins to become more impractical due to material costs.
FLASH COURSE
Compliant tower: These rigs take the basic idea of the fixed platform and make it viable to operate in depths of 1,500 feet to 3,000 feet (457 meters to 914 meters). The design achieves this by relying on a narrower tower of steel and concrete. But while fixed platform designs are rigid, compliant towers are designed to sway and move with the stresses of wind and sea -even hurricanes. In this respect, they're much like modern skyscrapers that are built to sway with the wind.
Sea Star platform: The Sea Star platform is basically a larger version of the semisubmersible design we talked about in the last section. The production facilities sit atop a large submersible hull on a tower. When the lower hull fills with water, it sinks to a lower depth, providing stability while keeping the facilities high and dry. However, instead of giant anchors holding it in place, the Sea Star is connected to the ocean floor by tension legs. These long, hollow tubes remain rigid at all times, preventing any up-and-down motion on the platform. The legs are just flexible enough to allow side-to-side motion, which helps absorb the stress of waves and wind. These platforms operate from depths of 500 to 3,500 feet (152 to 1,067 meters) and are typically used to tap smaller reservoirs in deep waters.
FLASH COURSE
Floating production system: These platforms can take the form of either floating semisubmersible platforms or drill ships. The basic idea behind their design is that, once the well has been drilled, much of the production equipment can be mounted on the seafloor and the petroleum pumped to the surface facilities through flexible risers. Meanwhile, the platform or ship stays in position with anchors or a dynamic positioning system. This approach allows oil companies to reach depths of up to 6,000 feet (1,829 meters).
Tension leg platform: This platform is essentially a king-sized version of the Sea Star platform, except the tension legs extend from the ocean floor to the platform itself. It experiences more horizontal motion and a certain degree of vertical motion, but it allows oil companies to drill at depths of up to 7,000 feet (2,134 meters), well over a mile (1.6 kilometers) beneath the waves.
FLASH COURSE
Subsea system: This approach takes the idea of mounting the wellhead on the sea floor and applies it to even greater depths -- 7,000 feet (2,1334 meters) or more. Once the well has been drilled by a surface platform, the automated systems transfer the oil and natural gas to production facilities by either risers or undersea pipelines.
Spar platform: Finally, if you absolutely need to drill a hole at a depth of 10,000 feet (3,048 meters), then the spar platform is the oil rig for you. With this design, the drilling platform sits atop a giant, hollow cylindrical hull. The other end of the cylinder descends around 700 feet (213 meters) into the ocean depths. While the cylinder stops far above the ocean floor, its weight stabilizes the platform. A network of taunt cables and lines trail out from the cylinder to secure it to the ocean floor in what is called a lateral catenary system. The drill string descends down through the length of the cylinder's interior and down to the ocean floor.
Source: https://chooseyourcurrent.org/2018/04/how-offshore-drilling-works/ea pipelines.
COMPETITION INFO
COMPETITION INFO
“Do what you can, with what you have, where you are.”
Theodore Roosevelt
40 Percent of the World’s Ocean Cargo is Oil That’s massive. It’s hard to appreciate the sheer scale of the oil industry but this one statistic goes a long way in painting a picture. It is this gargantuan size and the massive infrastructure built around it that has made it extremely difficult to find a worthy replacement to power the world. We are still many years away from solar power for instance taking the place of oil. That’s even before factoring the numerous non-energy uses of petroleum products. (Drillers.com)
DID YOU KNOW ?