Tech Talk

Onlaps2 GEOLOGICAL MODELS

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Geological models are used to help with our geo-predictions up and down dip. We usually only have a few one-dimensional control points (wells) and a seismic grid to predict reservoirs, seals and source in our acreage. Seismic is often used only structurally, and if stratigraphy is contemplated, it is often via a few simplistic amplitude extractions. The latter many a time do not show anything stratigraphically useful, and we have to” go down a few burrows”.

One of the burrows is seismic facies which these articles are about.

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OIL Macro update from Rystad Chief Economist Claudio Galimberti

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“Fast escalating geopolitical risk is driving oil prices higher.

The intensifying conflict in the Middle East is generating significant supply concern in the global crude market, with prices up more than 4% (in the first week of October).

The potential for supply disruptions – particularly, but not exclusively from Iran – increases as the fighting intensifies.

But OPEC+ still sits on unusually ample spare capacity, which is the result of successive production cuts over the past two years.
This spare…

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Premium energy basins: Focus on Emissions Reduction as Oil and Gas Demand Persists

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Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years. Rystad Energy estimates that by 2030, more than 75% of total demand will be met by fossil fuels, with emissions climbing as a result. A significant portion of these emissions will originate from upstream activities, particularly hydrocarbon extraction and gas flaring. Approximately three-quarters of these emissions will be linked to the hydrocarbon extraction…

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Defining the Geomechanical Operating Limits for Subsurface CO2 Storage

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Simon HolfordA*, Mojtaba RajabiB, Scott MildrenC, Rosalind KingA and Adam BaileyD

AUniversity of Adelaide, Adelaide, South Australia, Australia

BUniversity of Queensland, Queensland, Australia

CTech Limit Pty Ltd, Stirling, South Australia, Australia

DGeoscience Australia, Canberra, Australian Capital Territory, Australia

*Correspondence to Simon Holford. Email: simon.holford@adelaide.edu.au

Abstract. Carbon capture and storage (CCS) is a critical component of proposed pathways to limit global warming,…

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Decarbonising the Pilbara-to-Asia Iron Ore Trade Route Study Demonstrates ‘Pathway to Net-Zero Emissions’

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In November 2023 PCF, Oceania and RINA signed an MoU to collaborate on studies to define the commercial and emissions reduction benefits their combined concepts could deliver to ship owners and charterers for the Pilbara to Asia dry-bulk minerals export trade route. The Joint Study has now been completed.

Net zero is the hero

The findings demonstrate an accessible and achievable pathway to Net-Zero Emissions for LNG, on a Well-to-Wake basis, for international shipping on this trade. The study presents a flexible and commercially…

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Are critical minerals and hydrogen in the fast lane to production?

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Max Williamson FCA, FFin, FCPA, FGov

Max has practiced as a Chartered Accountant and Tax Adviser to the Resources Industries for over 50 years. He has been Federal President and Federal Treasurer of PESA, as well as NSW Branch President and on the NSW Committee for over 30 years.

Background

The 14 May 2024 Federal Budget among others introduced to the Australian community two new financial incentives encouraging Australian investors/producers to progress Critical Minerals ($7 billion) and Hydrogen…

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APAC advances cross border CCS, fostering value chain growth

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The Asia Pacific (APAC) region is rapidly emerging as a key player in the carbon capture and storage (CCS) sector. Asian countries are intensifying their decarbonization efforts, despite challenges for a number of countries in the region, such as unsuitable geological conditions for carbon capture, utilization and storage (CCUS).

This is according to Rystad Energy research, which has highlighted Australia, Malaysia and Indonesia as emerging hubs in the APAC region, driven by the carbon dioxide (CO2) storage potential in their depleted oil and gas reservoirs and stricter environmental regulations, despite…

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Empire Energy Carpentaria Well

Beetaloo or Bust

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Beetaloo or Bust, the route to commercial success for an Australian shale play, was presented by Dr Anne Forbes of Wood Mackenzie at the AEP 24 Conference in Perth in May where the paper won Best oral presentation. 

Dr Anne Forbes, Angus Rodger, John Gibb

The big question we wanted to ask, and hopefully answer, is: What does it take to make this play commercial?

Beetaloo Background

Flow rates from exploration and…

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