Posts Tagged ‘fracturing’

Argentina to become world test field for tight oil and shale gas

Schlumberger and Baker Hugues to lead exploration When Repsol-YPF discovered in 2011 the potential reserves of the Vaca Muerta in tight oil and Los Toldos and Totoral permits, it sent the signal to all the 50 companies having licenses in Argentina to drill more and to take their chance at the […]

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BP scales up to $24 billion tight gas Oman Full Field Development

BP to develop Khazzan and Makarem in phase 1 BP revised significantly upward its capital expenditure in Oman Full Field Development project from $15 billion to $24 billion. Discovered in the 1990s, the huge reserves of natural gas in Center Oman have been left undeveloped because of the complexity and […]

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Unconventional oil and gas

Definition Unconventional oil and gas refers to the oil and gas resources which cannot be explored, developed and produced by conventional processes just in using the natural pressure of the wells and pumping or compression operations. These unconventional crude oil and natural gas are trapped in the pores of sediments rocks called shale […]

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Statoil to invest $210 million to enter Australian shale gas

Statoil and PetroFrontier signed deal on Southern Georgina Basin  Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, […]

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Tight Gas

Definition Tight gas is the name given to the unconventional natural gas because it is trapped in a very tight  underground hard rock, or sandstone or limestone formation that is unusually impermeable and non-porous called tight sand. Comments In a conventional natural gas deposit, once drilled, the gas can usually be extracted […]

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BP awards first contracts for Oman Khazzan & Makarem

BP to invest $15 billion to develop Oman tight gas BP’s Khazzan tight gas project in Block 61 is one of the company’s top five upstream projects globally. BP’s Khazzan project is also the first and largest of its kind in the Middle East. In January 2007 BP signed a major exploration […]

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“CBM”

Definition “CBM” is the acronym of CoalBed Methane. CBM is a form of natural gas found along with coal seams underground. It is also called as Sweet gas because of lack of hydrogen sulphide in it Comments In a natural gas reservoir, gas is compressed by the pressure in the […]

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