In many parts of the world, corruption is common and a part of everyday life. Apart from the corrosive effect this has on quality of service and availability of appropriate justice, this also has a negative effect on commerce. Reputable companies and people are unable to compete so the market is left to others who are willing to ignore the laws put in place to prevent corruption. Where this occurs, the economy suffers due to lack of investment which eventually contributes to poverty, pollution and poor health for the majority of the people who do not profit from corrupt activities. This is the type of environment where fuel fraud can flourish. In this latest blog, Tracerco will discuss how the implementation of a fuel marking program can help in the fight against fuel corruption.
fiscal tax recovery,
safeguard brand equity,
authentication, product authentication,
brand protection technology,
safeguard brand quality,
fuel marker technology,
Offshore Northern Seas or ONS as it's more commonly known in Stavanger is one of my personal favourite events in the calendar. Occurring every two years, ONS is a must attend for anyone working in the oil industry in Europe and beyond. The last time I visited I could not help but be impressed by the spirit of innovation and the positive buzz around Stavanger for the duration of the show. Indeed, it is so popular that many locals leave the city for vacations and rent out their houses to visiting oil professionals in order to accommodate all the exhibitors and delegates who travel to the city for the show.
This year's event does not show any signs of being hit by the depressed oil price with 1,392 exhibitors confirmed and an additional conference arena being added this year. So why is it that the world's oil and gas industry home in on this event as a must attend in the calendar? Here are four reasons it should be on your agenda.
oil & gas,
It's a nightmare scenario no one wants... You run a PIG and it becomes stuck in the line. You now have an unsuccessful pigging campaign, a subsea pipeline blockage, and a missing PIG to deal with.
The cost of a shutdown due to a PIG stuck in a subsea pipeline can run into tens of millions in lost production, which is why it is absolutely critical to remedy the situation as quickly as possible. In this post we will examine the first step to remedying a blocked subsea pipeline due to a stuck PIG; that is locating the stuck PIG.
pipe in pipe,
In the challenging market conditions that we face today, reducing lift costs is paramount. One area where this can be achieved is through stimulation optimisation, ensuring reduce spend on stimulation activities and maximum oil or gas flow for a particular field.
In this post we examine five steps to achieving savings of as much as 20% in reservoir stimulation costs by using accurate flow data to optimise stage stimulation in individual wells and development of unconventional fields.
This is based on our vast experience across numerous fields and the insights and figures are taken from real projects conducted over the last few years.
technology enabling cost savings,
Tracerco is tailoring our offering to meet the needs and challenges of our customers with five brand new tracer labs to analyse reservoir samples.
In this blog post we will highlight and discuss the top five questions we are asked with regard to our controlled release tracer technology.
The oil and gas industry is faced with difficult trading times and low oil prices are predicted to continue. Operators and service companies are faced with lower margins and less capital available when making decisions on reservoir production strategies. Working with reduced resource is difficult enough, but production targets still must be met.
In order to meet these challenges a number of different innovative technologies have been developed and tested in the field that assist with reservoir production optimisation at reduced costs when compared to conventional methods. As an example, the use of speciality chemical technologies can eliminate the need to carry out costly production logging and gain critical data on fluid flow which in turn can be used to optimise development plans.
The technologies can measure clean out efficiency, pinpoint areas of fluid flow, and ultimately log production rates from various zones. All of this data can be obtained throuhg reservoir tracers without the need for intervention the cost of which can run into the hundreds of thousands or even millions of dollars when looking at a sub-sea development. What’s more, this data can be taken on-stream and over several years, saving on rig time as the technology is integrated down hole when running the lower completion into the well.
Below we will examine the steps you can take applying this alternative technology to make significant savings on rig time.
technology enabling cost savings,
reservoir production modeling,
With the oil price remaining low, the entire oil and gas industry together with their supply chain are faced with the challenge of producing more for less. Constantly looking to cut costs without compromising on production or quality of product, technologies demonstrate their value not only in how they can help optimise production at any stage in the hydrocarbon production and processing chains, but also in how they can act as enablers to operators who need to save on the cost of producing oil and gas.
In this post we examine three steps to achieving savings of as much as 66% in drilling costs by using accurate flow data to optimise well spacing in unconventional fields. Tweet this.
This is based on our vast experience across numerous fields and the insights and figures come from real projects conducted over the last few years.
technology enabling cost savings