TECHNOLOGY AND OIL

1. TECHNOLOGY AND OIL
OIL IN
THE
WORLD
Both technology and hydrocarbons
are active high-value for any
partnership or in particular,
technology, in the form of products,
processes and knowledge, is as old
as man and has a broad spectrum of
application, which covers from
solutions for the best quality of life of
people.

2. 1
TECHNOLOGICAL
ADVANCES
SIX TECHNOLOGICAL ADVANCES
THAT ARE CHANGING OIL AND GAS
What do you consider to be the technological advances that are changing the
oil and gas industry the most? According to sources such as Oilprice.com
and Valuewalk.com, these are the 6 most important changes that are
happening in the industry
ADVANCED SEMI-SUBMERSIBLE AND 6TH
GENERATION DRILLING SHIPS
PROCESSING UNDER THE SEA
This type of processing can transform marginal fields into large
producers. These systems are located on the seabed in the place of the
surface. The oil is extracted under the sea, and then "tied back" to an
existing production platform. The well is drilled by a movable platform
and the extracted oil and natural gas are transported by an oil pipeline
under the sea to a production platform. These systems are used in
depths of 2,100 meters or more. They do not pierce, they just extract
and transport.
Its real advantage is in allowing the use of a single platform,
strategically, to serve many areas.
NEXT EDITION
Will the price of oil
affect the increase in
its production? OPEC
agrees to increase
crude production by
one million barrels per
day. What effects will
this have on the price
of fuel and how will it
affect Venezuela and
Iran? We discussed it
with Alejandro
Martínez, president of
Gasnova,Colombian
Association of LPG.
Could the US prevent
OPEC from
manipulating oil
prices? OPEC will try
at its next meeting to
define its oil
production policy to
stabilize prices. Given
this situation, could
the US implement an
"anti OPEC" law and
sue the oil
organization for
manipulating the price
of oil? We analyzed it
with Jorge Piñón,
from the Center for
Environmental Policy
and Energy
Oil today -
Brent 70.94
USD - WTI
65.11 USD
Advances in platforms are
catching up with the
increasingly pressing need to
drill in deeper waters, as shallow
reserves are being terminated.
In 2012, 49% of the offshore
discoveries were in ultra-deep
waters, while 28% were in deep
water. Incredible advances are
being made in deep water
platforms, with new semi
submersibles capable of drilling
depths of 1,500 meters or more.
Beyond that, new 6th generation
drilling ships can reach depths
of 3,600 meters.

3. 2
DRILLING OF MULTIPLE WELL BLOCKS
SUPERCOMPUTER AND SEISMIC DIMENSIONS
The big oil companies are only behind the US Department of Defense when it comes to the use of
supercomputer systems. This is because it is key in determining the next place to explore, and finding
good points based on analogous geology.
What these systems do is analyze huge amounts of data from seismic images collected by geologists
through sound waves. What changed most recently was the dimension: in its beginnings the capacity
was only in 2-dimensions, but now we have 3-dimensional images that allow us to portray everything in
a much more precise way, and not only stop there as there are also images in 4-dimensions. The
dimension that is added in 4-D is that not only can you see the geological characteristics, but also see
how the reservoir is changing in real time.
LIQUEFIED NATURAL GAS TECHNOLOGY
It has made the remote less remote. The production, storage and floating discharge of
liquefied natural gas is revolutionary because it has allowed to place a vessel on remote
fields, removing the need for offshore gas pipelines and adding the advantage of mobility,
since these floating facilities can be moved to a new location once an existing field is
exhausted. This allows access to gas reserves previously considered too remote, small or
too difficult for the development of land-based liquefied natural gas.
MACHINE-TO-MACHINE (M2M) TECHNOLOGY FOR OIL AND GAS
The cost of the sensors of this technology has fallen to the level of making it commercially viable.
Adopting these technologies allows remote monitoring and allows the most flexible flexible control of
resources from the wellhead to the pipeline. It also allows for fiscal measurement, drilling monitoring
and fleet management, as well as greater safety and better response to accidents.
The two most important applications of this technology in the industry are in the monitoring of oil
pipelines on land and the monitoring of equipment from wells on the coast.
OIL IN
THE
WORLD
Also known as "octopus" technology
(octopus), it allows access to multiple
wells buried at the same time, from a
single site. Traditionally, only one base
site is needed to drill a well,
but the technology allows drilling
multiple wells with a single site, which
can support 4 to 18 wells. It means
that drilling is faster, and also cheaper
in the long term.
August issue of 2018