One Simple thing to Keep in Your Mind and It will help You To Work In Petroleum Industry

 Petroleum industries require personnel with diverse academic background, It involve  both technical personnel (such as enigineers , land survey, geomatics) and non technical personnel ( such as Lawyer, human resources accounting marketing environmental and safety, banker, transportation, security insurance and so on.)

You as a Lawyaer or accountant you might  be interesting to join or make career change into oil  and gas industry or for those with engineering background unrelated to oil and gas industries or no field experience but you  would like  to join into this industry. To day I will share with you one thing in order to help you join into petroleum industry.

Lets go,

           Generally, company  would  hire you and train you,  even though the company need people, it does not mean they  would like to start  completely from scratch. This applies to both technical and non technical personnel. The Company would need some who having understanding of petroleum field.  You should have a basic knowledge of petroleum industry.To increase chances to get your dream  job  in petroleum industry you must having a basic understanging of terminology of oil field such as a word HYDROCARBON and so on.

What you have To do?

As we have already seen above, for those with courses unrelated to oil and gas industries like  electrical engineers and accounting, they must have basic understanding of this petroleum industries in order to join the industry. May be you ask yourself. “How  i would manage to know all of these basic concepts in oil and gas industry. The answer is very straight forward. A great way for you to satand out is would be to learn that on your own time.With these information age  you can learn any thing you want to learn, you can know any thing you want to know. Now days every thing is on the internet, you can learn millions of things simply by touch your mouse or mobile device.

MY FINAL WORDS

If you don’t know where to start and you are willing to learn the basic of petroleum industries, you should contact me through Boffuhussein@gmail.com, and i am going to show you the area where you will find those stuff

Dear readers, We would love to hear your views on all of these

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Paragon Offshore appoints ISS to drill in Tanzania Songo Songo Island

Paragon M826 can drill to depths of 20,000 ft

US company Paragon Offshore has appointed Inchcape Shipping Services (ISS) to provide marine and logistic services for a new drilling campaign off the Songo Songo Islands, Tanzania.

The Songo Songo project is the first new commercial drilling operation in Tanzania in a number of years. Paragon Offshore has been contracted by Tanzania’s first natural gas producer, PanAfrican Energy on a nine-month campaign.

“We are delighted by our first appointment by Paragon Offshore in East Africa,” said TS Mahesh, General Manager, ISS Tanzania.

“The opportunity to support this drilling campaign takes ISS to the next level in the oil and gas support service sector in Tanzania and boosts our future growth plans.”

The services ISS is providing for Paragon Offshore include full husbandry, crew logistics, visa assistance as well as arranging marine and air charters.

Paragon Offshore, a leading provider of standard specification offshore drilling services, is deploying jack-up rig M826, which was delivered to the field on board semi-submersible vessel, OHT Falcon, to be floated off and pinned to the drilling location.

M826 is expected to clear actively producing wells to enhance output and drill several new wells in the same field
.

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Tanzania Petroleum Development Corporation (TPDC) Awards CGG Airborne Gravity Gradiometer Surveys

CGG announced  that it has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Eastern Tanzanian Coastal Basin and the eastern arm of the East African Rift.

Acquisition over a total area of 30,000 sq km will commence in mid August 2015 and is scheduled to last up to two months. Using the industry’s lowest noise Gravity Gradiometry, FALCON^®, CGG will deliver high-resolution data and interpretation to help evaluate the hydrocarbon potential of these basins ahead of future licensing rounds.

Tanzania has already established itself as a highly prospective hydrocarbon province in East Africa with a series of significant discoveries offshore and CGG is excited to be part of this next phase of TPDC’s exploration of the onshore basins. This survey will benefit from the experience gained through the completion of many projects throughout Africa using the most advanced technologies available in the industry.

Greg Paleolog, Senior Vice President, CGG Multi-Physics, said: “CGG is delighted to work with TPDC to improve understanding of the structure of these basins and to assist in the identification of suitable areas for future seismic acquisition. With the selection of our FALCON service, we can ensure that TPDC and potential operators will have the best quality data and interpretation products ahead of the proposed licensing round.”

“We know that there have been significant discoveries in the Kenyan and Ugandan parts of the Rift Valley, and there may well be undiscovered oil or gas reserves on Tanzania’s side,” Dr. Mataragio, the Managing Director of TPDC explains. “The two-month-long basic Airborne Gravity Gradiometer survey is imperative given the significant reserves discovered in similar geological settings in Kenya and Uganda. The promotion of our blocks is part of TPDC’s core business and this exploration effort will add value and attract investors.”

Early this month the Parliament of the United Republic of Tanzania passed a new Petroleum Bill, which will be signed soon. Under the new Petroleum Bill, TPDC is now lawfully recognized as a National Oil Company (NOC). The NOC will participate fully in exploration and production of oil and gas and this campaign in particular signifies the commercial commencement of NOC in E&P activities in Tanzania.

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Schlumberger Introduces Depth Domain Inversion Services

Schlumberger petro-technical experts use the services to improve the reliability and consistency of seismic structural and quantitative interpretation in complex environments.
“Conventional seismic inversion in the time domain introduces inconsistency between the seismic images and the rock properties, especially where there’s a significant overburden, such as subsalt,” said Maurice Nessim, president, Schlumberger PetroTechnical Services.
“With Depth Domain Inversion Services, customers receive more information derived from seismic data for reservoir characterization. This helps reduce uncertainty in complex reservoir environments, improve the confidence in prospect delineation, reservoir properties and volumetric calculations.”
Performing seismic inversion in the depth domain fully integrates the inversion with the imaging products to improve the reliability of estimating rock properties for reservoir characterization. This is done by correcting for depth space and dip dependent illumination effects during seismic amplitude inversion directly in the depth domain.

Depth Domain Inversion Services have been successfully applied in complex geological environments in North and South America. In the Green Canyon area of the Gulf of Mexico, Schlumberger petrotechnical experts used a Depth Domain Inversion workflow in a complex subsalt area that was poorly illuminated.
Reverse time migration produced seismic amplitudes adversely imprinted by the illumination effects. Executed in the Petrel E&P software platform, the workflow improved structural and quantitative interpretation, corrected illumination effects and provided a much sharper reflectivity image for better event continuity, more reliable seismic amplitudes and a higher fidelity acoustic impedance volume

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Wentworth Resources Estimates $3.5m in Tanzania Monthly Gas Sales

Wentworth Resources says it estimates that monthly gas sales in Tanzania into new government owned pipeline Q3 2015 could reach an estimated $3.5m monthly.
Initially Mnazi Bay will be the only supplier of gas in Tanzania into new pipeline from 5 wells which will be producing in the field by Q3 2015 at initial volumes of 80 mmscf/d escalating to 130mmscf/d in 2016
Wentworth adds that the substantial cash flow generation is expected to commence in Q4 with the plan being to reinvest cash flows into Mnazi Bay and grow the business by maximizing production from existing discovered gas fields to meet the growing demand for gas in Tanzania and examining more drill exploration prospects.
Already the company has identified six exploration targets with 1.5 Tscf (614 Bscf Wentworth’s share) unrisked P50 Prospective Resources with all costs recoverable against existing and future production within the Concession
On the way forward Wentworth says it will continue to focus on East Africa onshore and near shore,  pursue acreage along pipeline route in Tanzania, evaluate Tembo-1 discovery Onshore Rovuma for potential appraisal and Expand operations in East Africa.
As per the 17 year term gas sales agreement with the government the government is responsible for transportation and processing costs and payment guarantees are nearing finalization.
As per the last independent evaluation of its gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada Ltd the value of Wentworth Resources at Mnazi Bay is set at$152.9 million after tax. RPS Energy also placed the value of the entire field at 443Bscf (2P) equivalent to 73.8MMboe.
Wentworth holds a substantial 31.94 percent withholding interest in production equivalent to 141.5Bscf (2P) gross reserves.
In October 2014 Wentworth Resources estimated its projects in Tanzania would make $20 million for first full year and $140 million over first 5 years of production net of operating and on-going development costs according to the October 2014 presentation.
Wentworth holds 31.94% in the production stage down from 39.925%  while the operator and  Mnazi Bay Partner Maurel et Prom holds 48.06% down from 60.075% after the Tanzania Petroleum Development Corporation backed in to take 20% of production interests.

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Opportunities in East Africa as region enters Production Development Phase

Four East Africa countries among them Mozambique, Tanzania, Uganda and Kenya are headed to the development phase as they draw closer to exploit their oil and natural gas reserves providing an opportunity for investors to dive in and benefit from the projects worth billions of dollars.
According to George Wachira working with Petroleum Focus Consultants this phase provides opportunity for players in various fields including engineering, logistics and field services, financial services, materials supply amongst others.
On the engineering and construction field Wachira sees the greatest opportunity for local large mature contractors who can bid directly and participate in the projects independently.
“Some experience has been achieved through the ongoing exploration activities,” says wachira.
For smaller engineering and construction firms the opportunity is in forging partnerships especially with oversees firms who can transfer their expertise and technology.
Wachira says that whereas various contracts will fall to international firms with years of experience in this sector there will be increased use of local subcontractors even as he urges local firms to seek training and certification.
The sheer amount of materials needed will drive up demand for logistics and field services even as there is expected to be the commencement of development drilling.
Total Uganda which is awaiting a production license for example estimates that it will need to move over 800000 tonnes of equipment as it starts development at Hoima which would mean about 1000 trucks a day during the period in both Kenyan and Ugandan road.
Already a number of local companies have already dominated this space including the first listing by an oil and gas company on the Nairobi bourse.
There is also hope especially by local companies that they will receive government protection  in the supply of materials that are readily available locally the a local content legislation.
“The early enactment of local content regulations shall empower local businesses,” he says.
Other opportunities are in the financial services segment where banks, insurance and guarantees  with various local institutions having already entered this space.
Last week Chase bank announced that it would be providing $50 million to small and medium enterprises wishing to venture into the oil and gas sector.
The financing of SMEs to venture into what has so far been viewed as an closed society has for long being identified  as a major barrier to local participation alongside the enactment and operationalization of the local content legislation.

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