Mount Wu
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Living in Asia the last year and a half has been a particularly edifying experience for my wife and me. I began writing this article in Hyderabad and am finishing it in Ulaanbaatar. I have been fortunate to have traveled much of the world in my life but living in Hong Kong and working on [...]

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x-sect
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Deepwater exploration, development and production present unique challenges to operators. Safe operations and protecting the environment are primary requirements. Minimizing risks and maximizing recovery are also among their top priorities. With average worldwide rig day rates remaining higher than $300,000 (drillships and semisubmersible rigs), there is no room for unexpected costs resulting from nonproductive time. [...]

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fracpic [7]
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For this blog entry I continue to quote from a White Paper prepared by Baker Hughes and available on our website. The complete paper can be obtained here. I will present it here in three parts. Minimizing risks with responsible fluids No regulatory body has documented a single case of fracturing fluid contaminating fresh water [...]

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pvr
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Present Value Ratio (PVR) While NPV fails to deliver a measure of capital efficiency, the Present Value Ratio (PVR) index calculates a measure of investment efficiency that is very useful in ranking projects with significant capital investment. It is the ratio of the discounted (after tax) net cash generated by a project to the discounted [...]

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dcfroi
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After a long hiatus we are now returning to the series on oilfield economics. Discounted cash flow return on investment (DCFROI) also referred to as discounted cash flow rate-of-return (DCFROR) or Internal Rate of Return (IRR) is defined as the discount rate at which the NPV is zero. It is very attractive to decision makers [...]

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ft3 [7]
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In this, the final of three blog entries about formation testing, I will cover the use of FTs for fluid identification and some advanced applications.  In a demonstration that Baker Hughes employees occasionally do to illustrate these capabilities at trade shows we will actually pour either Coca-Cola® Diet Coca-Cola® into the tool and differentiate the two based [...]

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ft2 [3]
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In the prior blog entry we discussed the tools and interpretation theory for formation testers.  In this entry we will talk about using FTs for a unique aspect of reservoir characterization that can only be done commercially during the drilling phase of a well and before its completion.  The next blog entry will discuss fluid [...]

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ft
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I am going to take a small break from the continuing series of blog entries on economics and risk analysis to address a specific technology.  This is in response to multiple requests, so if there is a topic you want to address, please don’t hesitate to contact me. Wireline and LWD formation testing while drilling [...]

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shale
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Shale Engineering Supports a Billion Dollar Investment in Montney Shale Play Baker Hughes RDS shale engineering models establish viability of Farrell Creek project I generally use original content in the blog, but today I would like to draw your attention to a case study from Baker Hughes. It is a good example of how interdisciplinary [...]

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drill v farmout
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In this example the reservoir engineer is called on to estimate the potentially recoverable resources in an exploration project that is located near a series of small discoveries. The engineer has a map generated (by geologists and geophysicists) from seismic, geological and petrophysical data and has estimated a “most likely” gas-in-place based on analysis of [...]

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