Fifty North Sea oil & gas investment transactions were analysed using traditional spreadsheet based financial modelling methods. The purpose of the analysis was to determine if there was a statistically significant relationship between the price paid for an oil & gas asset and the actual or expected financial return over the asset’s economically useful life. Several interesting and statisticall...

Four cyclone concentrators were designed and fabricated to compare their particle separation and concentration behavior, such as the major, minor, outlet, and wall deposition fractions. Two of the cyclone concentrators were the conventional type, with the minor flow tube connected to the particle outlet at the bottom of the cyclone. The others were modified cyclone concentrators with a gap betw...

Gas-lifted oil wells are susceptible to failure through malfunction of gas lift valve assemblies (GLV). One failure mode occurs when the GLV check valve fails and product passes into the well annulus, potentially reaching the wellhead. This is a growing concern as offshore wells are drilled thousands of meters below the ocean floor in extreme temperature and pressure conditions, and repair and ...

The effect of adding extra inlet channels on the operation of the Stairmand Cyclone has been investigated numerically. The Reynolds stress model (RSM) and Eulerian-Lagrangian method were used to investigate the complex turbulent flow and cyclone performance. The impacts of one-way coupling and two-way coupling models on the cyclone efficiency and the calculation of cut-off size diameter were ex...

At present no company develops oil and gas fields without constructing geologic and hydrodynamic models. This is due in particular to the fact that recently the emphasis in design, planning and monitoring has shifted to overdissected and low-permeability reservoirs. To assess economic efficiency and optimal placement of wells and to predict hydrocarbon production levels, it is important to have...

We test for the presence of time-varying parameters (TVP) in the long-run dynamics of energy prices for oil, natural gas and coal, within a standard class of mean-reverting models. We also propose residual-based diagnostic tests and examine out-of-sample forecasts. In-sample LR tests support the TVP model for coal and gas but not for oil, though companion diagnostics suggest that the model is t...

In this environment, oil and gas companies are seeking opportunities to improve processes and technologies to remain competitive. Upstream oil and gas companies need integrated views of their production processes all the way from the reservoir to the pipeline. They must optimize their processes and perform predictive analysis of production problems to minimize losses. In downstream operations, ...

There are reports of gas and oil wells fire due to different accidents. Many different methods are used for fire fighting in gas and oil industry. Traditional fire extinguishing techniques are mostly faced with many problems and are usually time consuming and needs lots of equipments. Besides, they cause damages to facilities, and create health and environmental problems. This article proposes ...

Microscopic oil displacement of water flooding and sweep efficiency of continuous gas injection could be improved by water alternating gas (WAG) injection. The WAG injection process aims to squeeze more oil out of the reservoirs; in this method, water and gas are alternatively injected into the reservoir. Also, availability of hydrocarbon or CO2 gases in the field makes it attractive for gas-ba...