Energy and Security Cooperation in Asia Challenges and Prospects
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The Project Financing of Cross-Border Pipelines a Presentation to the Energy Charter Workshop Brussels
The Project Financing of Cross-Border Pipelines a presentation to the Energy Charter Workshop Brussels by Rubin Weston Chadbourne & Parke 17 October 2006 Regis House, 45 King William Street London EC4R 9AN Tel: +44 (0) 20 7337 8031 [email protected] © 2006, CHADBOURNE & PARKE All Rights Reserved Chadbourne & Parke: Legal Leaders in Energy Representing EBRD on the $180 million and $170 million financings of LUKoil’s and SOCAR’s respective investments in the Shah Deniz gas field and the South Caucasus Gas Pipeline Representing SOCAR on a $750 million loan facility in respect of the repayment of carry financing provided by TPAO and Exxon in respect of the ACG oil field and the financing of future cash calls Representing IFC on a $82 million loan to SC Petrotel-Lukoil SA to finance the modernisation of its refinery in Ploesti, Romania Represented Black Sea Trade and Development Bank and IFC on the financing of the Galata Gas Field, located offshore of Varna, Bulgaria in the Black Sea, the first limited recourse upstream project financing in the Black Sea Represented Transneft on a US $150 million syndicated receivable based financing facility arranged by Raiffeisen, Transneft’s first syndicated loan Represented IFC on the financing for a portion of LUKoil’s share of development of the Karachaganak field, the largest limited recourse petroleum project financing in Kazakhstan Represented Nations Energy on a US $150 million syndicated financing arranged by CSFB for the development of the Karazhanbas oil field in Kazakhstan and the -
Modeling Non Newtonian Fluid Invasion Into Reservoir Rocks
Proceedings of COBEM 2005 20th International Congress of Mechanical Engineering Copyright © 2009 by ABCM November 15-20, 2009, Gramado, RS, Brazil MODELING NON NEWTONIAN FLUID INVASION INTO RESERVOIR ROCKS Alex Tadeu de Almeida Waldmann PETROBRAS- Cidade Universitária, Q7 – Ilha do Fundão – Prédio 20 – Sala 1017 – RJ - CEP: 21941-598 [email protected] Cristiano Dannenhauer ESSS – Rua Lauro Müller, 116 – Torre do Rio Sul – 14º Andar, sala 1404 - Botafogo [email protected] Alex Rodrigues de Andrade BAKER HUGHES - Rua Maria Francisca Borges Rêgo Rei, 363, Macaé - RJ, CEP: 27933-260 [email protected] Idvard Pires Jr. BAKER HUGHES - Rua Maria Francisca Borges Rêgo Rei, 363, Macaé - RJ, CEP: 27933-260 [email protected] Andre Leibsohn Martins PETROBRAS- Cidade Universitária, Q7 – Ilha do Fundão – Prédio 20 – Sala 1017 – RJ - CEP: 21941-598 [email protected] Abstract. Minimizing fluid invasion is a major issue while drilling reservoir rocks. Large invasion may create several problems in sampling reservoir fluids in exploratory wells. Unreliable sampling may lead to wrong reservoir evaluation and, in critical cases, to wrong decisions concerning reservoir exploitability. Besides, drilling fluid invasion may also provoke irreversible reservoir damage, reducing its initial and /or its long term productivity (Ladva et al., 2000). Such problem can be critical in heavy oil reservoirs, where oil and filtrate interaction can generate stable emulsions. Invasion in light oil reservoir is less critical due to its good mobility properties. Other critical scenario is the low permeability gas reservoirs where imbibition effects may result in deep invasion. A common practice in the industry is the addition of bridging agents, such as calcium carbonates in the drilling fluid composition. -
The Struggle for Democratic Environmental Governance Around
The struggle for democratic environmental governance around energy projects in post-communist countries: the role of civil society groups and multilateral development banks by Alda Kokallaj A thesis submitted to the Faculty of Graduate and Postdoctoral Affairs in partial fulfillment of the requirements for the degree of Doctor of Philosophy in Political Science Carleton University Ottawa, Ontario © 2014 Alda Kokallaj Abstract This dissertation focuses on the struggle for democratic environmental governance around energy projects in post-communist countries. What do conflicts over environmental implications of these projects and inclusiveness reveal about the prospects for democratic environmental governance in this region? This work is centred on two case studies, the Baku-Tbilisi-Ceyhan oil pipeline and the Vlora Industrial and Energy Park. These are large energy projects supported by the governments of Azerbaijan, Georgia and Albania, and by powerful international players such as oil businesses, multilateral development banks (MDBs), the European Union and the United States. Analysis of these cases is based on interviews with representatives of these actors and civil society groups, narratives by investigative journalists, as well as the relevant academic literature. I argue that the environmental governance of energy projects in the post-communist context is conditioned by the interplay of actors with divergent visions about what constitutes progressive development. Those actors initiating energy projects are shown to generally have the upper hand in defining environmental governance outcomes which align with their material interests. However, the cases also reveal that the interaction between civil society and MDBs creates opportunities for society at large, and for non-government organizations who seek to represent them, to have a greater say in governance outcomes – even to the point of stopping some elements of proposed projects. -
Azerbaijan 2021 Energy Policy Review Co-Funded by the European Union
Co-funded by the European Union Azerbaijan 2021 Energy Policy Review Co-funded by the European Union Azerbaijan 2021 Energy Policy Review INTERNATIONAL ENERGY AGENCY The IEA examines IEA member IEA association the full spectrum countries: countries: of energy issues including oil, gas Australia Brazil and coal supply and Austria China demand, renewable Belgium India energy technologies, Canada Indonesia electricity markets, Czech Republic Morocco energy efficiency, Denmark Singapore access to energy, Estonia South Africa demand side Finland Thailand management and France much more. Through Germany its work, the IEA Greece advocates policies Hungary that will enhance Ireland the reliability, Italy affordability and Japan sustainability of Korea energy in its 30 Luxembourg member countries, Mexico 8 association Netherlands countries and New Zealand beyond. Norway Poland Portugal Slovak Republic Spain Sweden Switzerland Turkey United Kingdom United States The European Commission also participates in the work of the IEA Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/t&c/ Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org Foreword The International Energy Agency (IEA) has been conducting in-depth peer reviews of the energy policies of its member countries – and of other countries – since 1976, and it recently modernised these reviews to focus on some of the countries’ key energy transition and security challenges. FOREWORD Azerbaijan is one of the focus countries of the EU4Energy programme, which is carried out by the IEA and the European Union along with the Energy Community Secretariat and the Energy Charter Secretariat. -
Caspian Oil and Gas Complements Other IEA Studies of Major Supply Regions, Such As Middle East Oil and Gas and North African Oil and Gas
3 FOREWORD The Caspian region contains some of the largest undeveloped oil and gas reserves in the world. The intense interest shown by the major international oil and gas companies testifies to its potential. Although the area is unlikely to become “another Middle East”, it could become a major oil supplier at the margin, much as the North Sea is today. As such it could help increase world energy security by diversifying global sources of supply. Development of the region’s resources still faces considerable obstacles. These include lack of export pipelines and the fact that most new pipeline proposals face routing difficulties due to security of supply considerations,transit complications and market uncertainties. There are also questions regarding ownership of resources, as well as incomplete and often contradictory investment regimes. This study is an independent review of the major issues facing oil and gas sector developments in the countries along the southern rim of the former Soviet Union that are endowed with significant petroleum resources: Azerbaijan, Kazakstan,Turkmenistan and Uzbekistan. Caspian Oil and Gas complements other IEA studies of major supply regions, such as Middle East Oil and Gas and North African Oil and Gas. It also expands on other IEA studies of the area, including Energy Policies of the Russian Federation and Energy Policies of Ukraine. The study was undertaken with the co-operation of the Energy Charter Secretariat, for which I would like to thank its Secretary General, Mr. Peter Schütterle. Robert Priddle Executive Director 5 ACKNOWLEDGEMENTS The IEA wishes to acknowledge the very helpful co-operation of the Energy Charter Secretariat, with special thanks to Marat Malataev, Temuri Japaridze, Khamidulah Shamsiev and Galina Romanova. -
The Role of Greece in Europe's Southern Gas Corridor Strategy
Policy Paper / Κείμεμο Πολιτικής No 17 / February 2012 A Strategic Challenge: The role of Greece in Europe’s Southern Gas Corridor Strategy Dr. Thanos Dokos / Director General, ELIAMEP Dr. Theodoros Tsakiris / ELIAMEP Coordinator Geopolitics of Energy Programme 1 PP No 17 | February 2012 A Strategic Challenge: The role of Greece in Europe’s Southern Gas Corridor Strategy Thanos Dokos, Theodoros Tsakiris Copyright © 2012 Hellenic Foundation for European & Foreign Policy (ELIAMEP) 49, Vas. Sofias Ave, 106 76 Athens, Greece Tel.: +30 210 7257 110 | Fax: +30 210 7257 114 | www.eliamep.gr | [email protected] All Rights Reserved A Strategic Challenge: The role of Greece in Europe’s Southern Gas Corridor Strategy by Dr. Thanos Dokos / Director General, ELIAMEP Dr. Theodoros Tsakiris / Coordinator ELIAMEP Geopolitics of Energy Programme with the contribution of Dr. Ioannis Armakolas, “STAVROS COSTOPOULOS” Research Fellow ELIAMEP offers a forum for debate on international and European issues. Its non-partisan character supports the right to free and well documented discourse. ELIAMEP publications aim to contribute to scholarly knowledge and to provide policy relevant analyses. As such, they solely represent the views of the author(s) and not necessarily those of the Foundation. 2 Table of Contents Executive Summary .......................................................................................................................................5 Main conclusions ...........................................................................................................................................5 -
Companies Involved in Oilfield Services from Wikipedia, the Free Encyclopedia
Companies Involved in Oilfield Services From Wikipedia, the free encyclopedia Diversified Oilfield Services Companies These companies deal in a wide range of oilfield services, allowing them access to markets ranging from seismic imaging to deep water oil exploration. Schlumberger Halliburton Baker Weatherford International Oilfield Equipment Companies These companies build rigs and supply hardware for rig upgrades and oilfield operations. Yantai Jereh Petroleum Equipment&Technologies Co., Ltd. National-Oilwell Varco FMC Technologies Cameron Corporation Weir SPM Oil & Gas Zhongman Petroleum & Natural Gas Corpration LappinTech LLC Dresser-Rand Group Inc. Oilfield Services Disposal Companies These companies provide saltwater disposal and transportation services for Oil & Gas.. Frontier Oilfield Services Inc. (FOSI) Oil Exploration and Production Services Contractors These companies deal in seismic imaging technology for oil and gas exploration. ION Geophysical Corporation CGG Veritas Brigham Exploration Company OYO Geospace These firms contract drilling rigs to oil and gas companies for both exploration and production. Transocean Diamond Offshore Drilling Noble Hercules Offshore Parker Drilling Company Pride International ENSCO International Atwood Oceanics Union Drilling Nabors Industries Grey Wolf Pioneer Drilling Co Patterson-UTI Energy Helmerich & Payne Rowan Companies Oil and Gas Pipeline Companies These companies build onshore pipelines to transport oil and gas between cities, states, and countries. -
BP in Azerbaijan Baku September 2006 Cautionary Statement
BP in Azerbaijan Baku September 2006 Cautionary statement Forward looking statements: This presentation and the associated slides and discussion contain forward- looking statements, particularly those regarding oil and gas prices; expected start-up of Thunderhorse; the timing of other projects and their contribution to expected production, their estimated reserves and production capacity; production; the expected movement of non-proven resources to proved reserves; divestments and their effect; capital expenditure; and cash flow. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ from those expressed in such statements, depending on a variety of factors, including the timing of bringing new fields on stream; future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; exchange rate fluctuations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors; natural disasters and adverse weather conditions; wars and acts of terrorism or sabotage; and other factors discussed elsewhere in this presentation. Cautionary Note to US Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as “resources” and “non-proven reserves”, that the SEC’s guidelines strictly prohibit us from including in our filings with the SEC. -
BP in Azerbaijan Sustainability Report 2007
BP in Azerbaijan Sustainability Report 2007 About this report The 2007 BP in Azerbaijan Sustainability Report covers our business 1 Foreword by the president of BP performance, environmental record and wider role in Azerbaijan during 2007. Azerbaijan Strategic Performance This is our fifth Sustainability Report and it reflects feedback we received about Unit (SPU) previous reports. Our earlier publications are available at www.bp.com/caspian. 2 Country context By 'sustainability' we mean the capacity to endure as a commercial organisation by 3 Achievements and challenges 4 Report concept, scope and renewing assets and by creating and delivering better products and services so that process we meet the evolving needs of society, attract successive generations of employees, 5 BP Azerbaijan SPU interests contribute to a sustainable environment and retain the trust and support of our 6 Chapter 1 – BP in Azerbaijan: customers, shareholders and the communities in which we operate. our operations 7 BP in Azerbaijan at a glance References in this report to 'us', 'we' and 'our' relate to BP in Azerbaijan unless otherwise stated. Specific ref- 10 BP in Azerbaijan in perspective erences to 'BP' and the 'BP group' mean BP p.l.c., its subsidiaries and affiliates. Unless otherwise specified, 11 Dialogue and engagement the text does not distinguish between the operations and activities of BP p.l.c. and those of its subsidiaries 14 Our projects and operations and affiliates. 20 Operating responsibly: - HSE management system - Safety A message from Ernst & Young - Environment This report has been substantiated by Ernst & Young, the BP group auditors. The - Health primary purpose of the report substantiation process is to test that the asser- 32 Security and human rights tions, claims and data set out in the text regarding BP’s sustainability perform- 34 People, compliance and ethics ance can be supported by evidence. -
Experimental Study of Formation Damage During Underbalanced-Drilling in Naturally Fractured Formations
Energies 2011, 4, 1728-1747; doi:10.3390/en4101728 OPEN ACCESS energies ISSN 1996-1073 www.mdpi.com/journal/energies Review Experimental Study of Formation Damage during Underbalanced-Drilling in Naturally Fractured Formations Siroos Salimi 1,* and Ali Ghalambor 2 1 Norwegian University of Science and Technology (NTNU)/N-7491, Trondheim, Norway 2 Oil Center Research International, Louisiana/P.O. Box 44408 Lafayette, LA 70504, USA; E-Mail: [email protected] * Author to whom correspondence should be addressed; E-Mail: [email protected]; Tel.: +47-48124949; Fax: +47-73944472. Received: 2 June 2011; in revised form: 1 September 2011 / Accepted: 17 October 2011 / Published: 24 October 2011 Abstract: This paper describes an experimental investigation of formation damage in a fractured carbonate core sample under underbalanced drilling (UBD) conditions. A major portion of this study has concentrated on problems which are often associated with UBD and the development of a detailed protocol for proper design and execution of an UBD program. Formation damage effects, which may occur even if the underbalanced pressure condition is maintained 100% of the time during drilling operation, have been studied. One major concern for formation damage during UBD operations is the loss of the under- balanced pressure condition. Hence, it becomes vital to evaluate the sensitivity of the formation to the effect of an overbalanced pulse situation. The paper investigates the effect of short pulse overbalance pressure during underbalanced conditions in a fractured chalk core sample. Special core tests using a specially designed core holder are conducted on the subject reservoir core. Both overbalance and underbalanced tests were conducted with four UBD drilling fluids. -
MARCH 2007 Vol
68 Precision Imaging Q-Land in North America Superior signal-to-noise ratio High-resolution imaging of thin sands Q-Land Advanced fracture characterization Quantitative inversion and solution products Enabled by industry-leading point-receiver technology, advanced statics solutions, and Digital Group Forming, the unique abilities of Q-Land are helping reduce E&P risk in North America today. www.westerngeco.com/Q-Land For more information call: 713-689-1000 Visit us at AAPG Booth #1339 Mark of WesternGeco © 2007 Schlumberger. 07-se-043 MARCH 2007 Vol. 28, No. 3 March 2007 67 Synergy Passionate performance and powerful innovation now go by a single name. cggveritas.com MARCH 2007 MARCH 2007 3 On the cover: Venoco’s Platform Gail, located about 10 miles offshore in 739 feet of water in the Santa Barbara Channel, is just one sign of the historical – and continuing – importance of oil that’s found in California. The platform, which can accommodate up to 93 people at a time but can be run by as few as five, produces from the Sockeye Field. Photo courtesy of Venoco. Inset, turbidite sand beds containing Bouma Ta-Td sequences and flame structures in the upper channelized portion of a submarine fan system within the Monterey Formation. Photo by A.E. Fritsche. They call California the land of milk and honey, but the reality 8 of Los Angeles’ success is a deeper truth: It was built on oil. Dig this: Because of a rock-collecting gravedigger in the 16 Netherlands, Arnold Bouma started his love affair with geology – a trip that took him to the pinnacle of his profession. -
Expedition 314 Methods1
Kinoshita, M., Tobin, H., Ashi, J., Kimura, G., Lallema nt, S., Screaton, E.J., Curewitz, D., Masago, H., Moe, K.T., and the Expedition 314/315/316 Scientists Proceedings of the Integrated Ocean Drilling Program, Volume 314/315/316 Expedition 314 methods1 Expedition 314 Scientists2 Chapter contents Introduction Introduction . 1 Integrated Ocean Drilling Program (IODP) Expedition 314 is the first step in a multiexpedition, multiyear project to carry out the Logging while drilling . 1 Nankai Trough Seismogenic Zone Experiment (NanTroSEIZE). The Onboard data flow and quality check . 6 three expeditions that make up Stage 1 of the project focus on Log characterization and lithologic coring and logging operations at high-priority riserless sites on interpretation . 7 the Kumano transect. During Expedition 314, we focused exclu- Physical properties . 8 sively on in situ measurements of subseafloor physical properties, Structural geology and geomechanics . 9 lithology, stress, and geomechanics using logging-while-drilling Log-seismic correlation . 11 (LWD) techniques, including real-time uphole data transmission References . 13 (commonly referred to as measurement while drilling [MWD]). In Figures . 15 this chapter, we explain the operation of LWD instruments and Tables. 29 the physical principles behind the geophysical measurements ob- tained. In addition, we describe the methods used by shipboard scientists to arrive at the data analyses and interpretations re- ported in the site chapters of this volume. Logging while drilling During Expedition 314, six LWD and MWD tools were deployed under the contract by the Global Ocean Development Inc. with Schlumberger Drilling and Measurements Services. LWD surveys have been successfully conducted during previous Ocean Drilling Program (ODP) and IODP expeditions on the JOIDES Resolution with various tools of different generations, focusing on density, porosity, resistivity, gamma ray, and sonic velocity measurements.