Page 10 - MEOG Week 39

MEOG ProJeCts & ComPanIes MEOG
ADNOC Drilling completes first offshore IDS well
Uae
ABU Dhabi National Oil Co. (ADNOC) sub- sidiary ADNOC Drilling has announced the completion of its first offshore integrated drill- ing services (IDS) well in at the offshore Umm al-Lulu oilfield.
The job was carried out for fellow state affiliate and asset operator ADNOC Offshore. The par- ent firm holds a 60% share in ADNOC Offshore, with Abu Dhabi government-affiliated OMV and CEPSA, the Spain-based subsidiary of Abu Dhabi’s Mubadala Investment Co. (MIC), each holding 20%. In a statement to press, ADNOC said that the offshore well completion had fol- lowed the successful completion of 14 onshore IDS wells during 2019.
Meanwhile, Abdulmunim Saif Al Kindy, ADNOC’s upstream executive director, said that the wells drilled had shown an “increase in ... drilling performance by about 25%, result- ing in considerable cost savings and increased well profitability.” US oilfield services giant BakerHughes GE acquired a minority stake in ADNOC Drilling last year as part of a wider pri- vatisation push by the parent firm.
Meanwhile, ADNOC Drilling CEO Abdalla Saeed Al Suwaidi said that enhancing drilling
capabilities was “an important milestone for ADNOC”, alluding to the parent firm’s crude production goals of raising output from 3.5mn barrels per day to 4mn bpd by 2020 and to 5mn bpd by 2030.
ADNOC has also stated plans to improve its conventional drilling activity by 40% by 2025 and “substantially ramp up the number of its unconventional wells”.
The ADNOC Offshore concession comprises the Umm al-Lulu and Satah al-Razboot (SARB) fields. Expansion projects at the fields were com- pleted in late 2018, with initial capacity from these estimated at 50,000 bpd.
In July, Emirates-based National Petroleum Construction Co. (NPCC) finalised construc- tion of a new gas treatment platform for Umm al-Lulu. The 35,274-tonne Umm al-Lulu gas treatment platform (ULGTP) is dedicated to gas from the field of the same name, with the con- tract coming under the Umm al-Lulu Package 2 full-field development deal awarded in 2013 to a consortium of NNPC and UK-based Technip- FMC for processing facilities.
ADNOC intends to raise the field’s output to 100,000 bpd of oil during 2020.™
Valeura tests tight gas flows again
tUrkey
LONDON-LISTED Valeura Energy and Nor- way’s Equinor are progressing further with efforts to prove commerciality at a tight gas for- mation in western Turkey.
The pair have successfully flowed gas during the test of a third stimulated zone at the Inanli-1 appraisal well in the onshore Thrace basin, Valeura said on September 26. The zone was tar- geted at two intervals with depths of 3,855-3,876 and 3,899-3,925 metres respectively, it said. The intervals were stimulated using a total of 130 tonnes of proppant.
Inanli-1 was test-flowed for 10 days at an average rate of 442,000 cubic feet (12,500 cubic metres) per day, according to Valeura. The flow stabilised at just under 7,000 cm in the final day of testing. Tests were carried out at first and sec- ond stimulated zones at Inanli-1 this summer, achieving average flow rates of 18,200 and 5,250 cubic metres per day respectively. Gas in the third zone was richer in condensate than in the deeper ones previously tested, Valeura said.
The partners are now preparing to flow gas
from a fourth zone, with tests set to continue until the fourth quarter, fully funded by Equinor. Their goal is to demonstrate the commercial value of what Valeura estimates to be a 286bn cubic metre unrisked tight gas resource, net to itself.
Valeura currently produces only conven- tional gas in Turkey. Its output fell 5% y/y in the second quarter to 700 barrels of oil equivalent per day, owing to natural decline.
The Toronto-listed company’s operating income was up 20% at C$1.8 ($1.36mn), as out- put losses were offset by a 15% rise in the price at which it sells gas to state-owned Botas. It never- theless booked a widened loss from operations of C$2.15mn, because of a spike in development costs.
Turkey produces hardly any oil and gas, rely- ing on imports from Azerbaijan, Iran, Russia and LNG suppliers to meet demand.
Valeura and others have sought to develop gas projects in the country, however, attracted by high domestic prices.™
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w w w . N E W S B A S E . c o m Week 39 01•October•2019