Repsol & IFPEN will Develop Cutting-edge E&P Technology

Source: www.gulfoilandgas.com 3/21/2014, Location: Europe

Repsol and the French Institute of Petroleum, IFP Energies Nouvelles, have signed a framework collaboration agreement to develop cutting-edge exploration and production technology. These projects will help to make hydrocarbon discoveries, identify new reserves, as well as evaluating their potential and increasing production.

One of the main objectives of the agreement is to jointly develop technology that improves understanding of the subsoil based on data from fields operated by Repsol. These data will allow further development of the software developed by IFPEN for basin modelling and the description of hydrocarbons reservoirs.

Carbonate reservoir characterisation is among the first projects which the scientists at the Repsol Technology Centre and IFPEN will investigate, representing an important contribution to the industry. These reservoirs account for 60% of global oil reserves and 40% of gas reserves.

To perform these studies, involving a team of over 30 people, IFPEN and Repsol will draw on their experience which has allowed the latter to achieve an exploration success rate close to 40%, well above the industry average.

This joint project will provide new insights into some of the most challenging aspects of characterisation and reservoir modelling, with a significant impact on future exploration and production projects. In addition, it will encourage the development of innovative solutions to optimise hydrocarbon reservoir production.


Trinidad and Tobago >>  11/5/2024 - Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX, LSE: TXP) announces that Primera Oil and Gas Limited ("POGL"), our whol...
Namibia >>  11/4/2024 -  · Tamboti-1X exploration well - 1bn bbl target1 - spudded 20th October 2024
· Additional 3D seismic acquisition programs in 20...


Colombia >>  10/31/2024 - Ecopetrol S.A. announces that the Santa Marta Tribunal (the "Tribunal") issued a favorable decision regarding an appeal against the claim (acción de t...
Gabon >>  10/31/2024 - BW Energy is pleased to announce its signing of production sharing contracts (PSCs) for the exploration blocks Niosi Marin and Guduma Marin (formerly ...

Kazakhstan >>  10/31/2024 - Askhat Khasenov, Chairman of the Board of KazMunayGas NC JSC (KMG), met with Nail Maganov, CEO of Tatneft JSC.

During the meeting, preparat...

Zimbabwe >>  10/31/2024 - QUARTERLY HIGHLIGHTS

Operational
• Eight high potential prospects defined in eastern Cabora Bassa totalling 2.9 Tcf gas and 184 MMbbl c...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.