How has the procedures and the technological advancements in the extraction of this globally sought after mineral evolved over time. Liza proved to be the first in a series of discoveries made over 20152019 on the block. In the oil industry, some underground crude contains natural gas that is entrained in the oil at high reservoir pressures. Petroleum and natural gas are the largest energy sources for the united states. This reader covers basic information about oil and gas and the industry that extracts them. You may electronically copy and print a hardcopy of this document only for noncommercial or personal use, within the organization that employs you, provided that the. From a personal perspective, oil and gas provide the worlds 7. Continental shelf ocs and in the broader oil and gas industry, at their core they all follow the same processidentify, analyze, evaluate, control, communicate, and monitor. Traditional oil, natural gas, electric, and others can no longer be viewed as separate sectors to protect but rather as a single interconnected infrastructure. From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. Piper alpha piper alpha is considered one of the worst offshore oil disasters in history.
This handbook is has been compiled to give readers with an interest in the oil and gas production industry an overview of the main processes and equipment. And yet it is one that we tend to take for granted until a crisis emergesa tanker runs aground, a hurricane damages a refinery, a country changes political leaders or revises its energy policies. Microsoft powerpoint overview of oil and gas industry. Developing a skilled workforce for the oil and natural gas. You may electronically copy and print a hardcopy of this document only for noncommercial or personal use, within. From january to october 2011 data available at the writing of this report, brazil produced 2. The intelligent enterprise for the oil and gas industry. It has the largest acreage in the country from which it produces some 39 per cent of the nations oil. Petroleum engineering standards in the oil and gas industry. Risk management for most offshore oil and gas operators begins with a multidisciplinary approach to. Guyanas upstream fortunes changed with the liza oil discovery. Welcome to oil and gas industry operations and markets.
Oil and gas industry 3 contents foreword digital transformation is emerging as a driver of sweeping change in the world around us. Ooo kuliginskoe llc is strongly committed to conducting its business affairs with honesty and integrity and in full compliance with all laws, rules and regulations applicable. Little material was found to quickly give the reader an overview of the entire oil and gas industry, while still preserving enough detail to let the engineer have an. Todays oil and gas industry needs a common information technology it reference architecture for use by upstream organizations, system integrators sis and solution. The oil and gas industry natural resource governance. Industry and government recognise that supporting the uk supply chain domestically will have positive spill over effects on ultimate recovery from the basin, uk gdp, employment and taxes. The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids ngls, mainly ethane, propane and butane and sulphur. Shell petroleum development company spdc is the pioneer and leader of the petroleum industry in nigeria. The relevance of oil and gas energy to the activities of humankind. While the summary is a stand alone document, for the curious, some suggestions for further reading are included. Organization of the petroleum exporting countries opec andor its member countries concerning the legal.
Taking leadership in the oil and gas industry to transform itself into a digital refinery. Companies in the technology sector must address the risks and disruptive potential of their products and services. Global geopolitical and economic considerations play a significant role in driving the sensitivity of oil prices. In order to drill for oil or gas a geologist or exploration department locates a.
You will become familiar with the various phases of the oil and gas value chain upstream. The oil and gas found in the ground come in different grades or qualities. However, the development of higher environmental standards is called for, particularly given the plans to extract oil and gas in the northern areas. Large volumes of wastewater are generated in the oil and gas industry, and projections show that these volumes will only increase. The industry must apply the federal definition to their field operations and determine the number of facilities they will report under section 312. Drill into how the saudi aramco shell refinery company used sap solutions to facilitate digital business transformation, achieving simplification, standardization, custom code reduction, and significant it savings.
Companies operating in the industry may be regarded as fully integrated, i. Global oil and gas cyber threat perspective assessing the threats, risks, and activity groups affecting the global oil and gas industry august 2019. Reference is not made to all of the facets or issues of the oil and gas industry. Timing between the two components can take years and usually does. Oil and gas professionals who wish to obtain an integrated overview of the oil and gas industry as a whole translators who need indebt understanding of oil and gas terminology. The development of shale technology has reduced the oil and gas. What does it take to explore and produce oil and gas. The midstream provides the vital link between the farflung petroleum producing areas and the population centres where most consumers are located. The spe oil and gas reserves committee ogrc released guidelines for application of the petroleum resources management system pdf in 2011. John england 6 additionally, big picture issues often cloud the longer term of the industry. Market share of oil and gas companies 28% 22%20% 18% 11% 1% market share of oil and gas companies iocl ongc reliance hpcl bpcl others gail, oil 7. The content is based on information current to 1 january 2018, unless otherwise indicated in the text of the chapter.
Analysis of the current problems of russias oil and gas industry in the context of the main trends of global oil and. Overview of the oil and gas exploration and production process. Overview standards developed through various codes of practice, in addition to those enforced by regional and national standardisation bodies, are an integral part of operations in the oil and gas industry. Climate change concerns, the rise of the electric vehicle, selfdriving vehicles, and ride sharing see deloitte paper on the future of mobility make historical estimates of perpetual demand growth. Currently, the majority of produced water is managed by disposing of it using a practice known as underground injection. And this course is about one of the largest and most economically important industries in the world, the oil and gas industry. Im lincoln pratson, a professor in the nicholas school of the environment here at duke.
However, this guide will enable one to become familiar with the basic operations and common terminology of the oil and gas industry, including brief references to royalty owners. Oil and gas are hydrocarbons formed from the compression of organic. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 86 countries and also provides a directory of ey oil and gas tax and legal contacts. The oil platform accounted for roughly 10 percent of the north seas oil and gas production. Furthermore, the norwegian oil and gas industrys environmental standards make it an attractive oil and gas hub in which to do business. Oil and gas production handbook an introduction to oil and gas production. Learn about the three key sectors in oil and gas, the current state of the industry and future outlook. Oil and gas production handbook an introduction to oil.
Havard devold oil and gas production handbook an introduction. In 2017, 92% of transportation fuel came from petroleum,2 while 32% of electric power and the majority of nonelectric commercialresidential energy came from natural gas. Opentext oil and gas solutions optimize asset maintenance and manage critical information and operations with oil and gas solutions from opentext industry overview companies in upstream oil and gas production, midstream transportation and downstream refining face ongoing challenges to remain profitable. Consolidation will be driven by overcapacity, intense margin pressures and generally weaker capital markets. The oil and gas industry in energy transitions analysis. There are many ways to look at the oil and gas industry.
As supply increases and oil prices rise, volatility will continue to drive strategy. Learn saps perspective on where the oil and gas industry will go and how sap contributes to the evolution of the industry in a digital world. The other 44 percent comes from coal, nuclear and hydroelectric power, renewables like wind, solar and tidal power, and biomass products such as. Our members operate around the globe, producing 40% of the worlds oil and gas. History of the offshore oil and gas industry and the. A number of large oil and natural gas fields were discovered offshore newfoundland and labrador during the 1970s and 1980s and more discoveries are. Natural gas is typically stored in depleted underground reservoirs, aquifers, and salt caverns. Connectivity has shown the potential to empower millions of people, while providing businesses with unparalleled opportunities for value creation and capture. Its been an interesting 2017 as the news cycle has been dominated by politics, natural disasters, and tense geopolitical challenges. Superficial research on oil and gas investments will inevitably turn up misconceptions, myths and outdated advice about the risks of exploration, production, and individual investment. Oil and natural gas industry preparedness handbook 5 the oil and natural gas industry has created the following strategy document to ensure that roles, responsibilities and needs are clearly identified prior to any events that may affect the integrity of oil and natural gas systems.
In geological terms, the jubilee field is a continuous stratigraphic trap with combined hydrocarbon columns in excess of 600 meters. A collection to help you learn the oil and gas industry, and get up to speed on the business drivers. The objective of this module is to provide a comprehensive overview of the industry in which you will learn what petroleum is, where it comes from and how it affects all of our lives on a daily basis. An overview of oil and gas upstream activities and using epas nonpoint oil and gas emission estimation tool for the 2014 nei jennifer snyder, u. Oil and gas industry overview oil and gas operations and. The content is based on information current to 1 january 2019, unless otherwise indicated in the text of the chapter. Austin state university, usa abstracti in 2009, four of the top ten fortune 500 companies were classified within the oil and gas industry. Delivery of natural gas from the major pipelines to the end users e. Introduction india is one of the fastest growing major economies in the world and the third largest consumer of petroleum products, after us and china. When you think of oil and gas in canada, you might just think of alberta, but oil and gas is an important part of our national energy mix. White paper digital transformation initiative oil and gas. The nddes, to assure effective management of the facility information, has requested the oil and gas production companies to provide, with their title iii. Nearly all sources of electricity derive from turbinedriven generators which are run by either wind, water, or the burning of a fossil fuel. A document called a division order is created it contains.
Jan 20, 2015 usage of oil and gas in everyday life today there are over 6,000 products refined from natural gas and crude oil. Oil petroleum and gas exploration and production procedures. The oil and gas business is clearly a multifaceted, global industry that impacts all aspects of our lives. Study of oil and gas extraction wastewater management. Together, we identify and share knowledge and good practices to improve the industry in areas such as health, safety, the environment and efficiency. Assumed field reserves phase 1 17 wells phase 1a with 58 additional wells phase 1b with 1020 additional wells total recoverable field reserves low estimates.
You may electronically copy and print hardcopy of this document only. An analysis of selected fortune 500 oil and gas companies reaction in 2009 and 2010 violet c. The analysis in this report highlights that this could be possible if the oil and gas industry takes the necessary steps. An introduction to the petroleum industry government of. Jul 23, 2019 business leaders in oil and gas need to be aware of the fact that despite the seemingly large number of uses for ai in the oil and gas industry, it is a challenging area for many companies in the space due to the technical complexity of the analysis and the computational resources required. If a reservoir contains both oil and gas, the gas it contains is called associated gas. As such, it opens a way which some companies are already following for the oil and gas industry to engage with the grand coalition that the. Future focus for the oil and gas industry 4 for example, it is common for oil and gas companies to have core database functions served by enterprise resource planning erp lineofbusiness applications that were built using powerbuilder 15 years ago or more.