Floating Production Platforms and their Applications in the Development of Oil and Gas Fields in the South China Sea

This paper studies the current available options for floating production platforms in developing deepwater oil fields and the potential development models of future oil and gas exploration in the South China Sea. A detailed review of current deepwater platforms worldwide was performed through the examples of industry projects, and the pros and cons of each platform are discussed. Four types of platforms are currently used for the deepwater development: tension leg platform, Spar, semi-submersible platform, and the floating production system offloading. Among these, the TLP and Spar can be used for dry tree applications, and have gained popularity in recent years. The dry tree application enables the extension of the drilling application for fixed platforms into floating systems, and greatly reduces the cost and complexity of the subsea operation. Newly built wet tree semi-submersible production platforms for ultra deepwater are also getting their application, mainly due to the much needed payload for deepwater making the conversion of the old drilling semi-submersible platforms impossible. These platforms have been used in different fields around the world for different environments; each has its own advantages and disadvantages. There are many challenges with the successful use of these floating platforms. A lot of lessons have been learned and extensive experience accumulated through the many project applications. Key technologies are being reviewed for the successful use of floating platforms for field development, and potential future development needs are being discussed. Some of the technologies and experience of platform applications can be well used for the development of the South China Sea oil and gas field.

Discovery and inspiration of large-and medium-sized glutenite-rich oil and gas fields in the eastern South China Sea:An example from Paleogene Enping Formation in Huizhou 26 subsag,Pearl River Mouth Basin

Based on the practice of oil and gas exploration in the Huizhou Sag of the Pearl River Mouth Basin,the geochemical indexes of source rocks were measured,the reservoir development morphology was restored,the rocks and minerals were characterized microscopically,the measured trap sealing indexes were compared,the biomarker compounds of crude oil were extracted,the genesis of condensate gas was identified,and the reservoir-forming conditions were examined.On this basis,the Paleogene Enping Formation in the Huizhou 26 subsag was systematically analyzed for the potential of oil and gas resources,the development characteristics of large-scale high-quality conglomerate reservoirs,the trapping effectiveness of faults,the hydrocarbon migration and accumulation model,and the formation conditions and exploration targets of large-and medium-sized glutenite-rich oil and gas fields.The research results were obtained in four aspects.First,the Paleogene Wenchang Formation in the Huizhou 26 subsag develops extensive and thick high-quality source rocks of semi-deep to deep lacustrine subfacies,which have typical hydrocarbon expulsion characteristics of"great oil generation in the early stage and huge gas expulsion in the late stage",providing a sufficient material basis for hydrocarbon accumulation in the Enping Formation.Second,under the joint control of the steep slope zone and transition zone of the fault within the sag,the large-scale near-source glutenite reservoirs are highly heterogeneous,with the development scale dominated hierarchically by three factors(favorable facies zone,particle component,and microfracture).The(subaqueous)distributary channels near the fault system,with equal grains,a low mud content(<5%),and a high content of feldspar composition,are conducive to the development of sweet spot reservoirs.Third,the strike-slip pressurization trap covered by stable lake flooding mudstone is a necessary condition for oil and gas preservation,and the NE and nearly EW faults obliquely to the principal stress have the best control on traps.Fourth,the spatiotemporal configuration of high-quality source rocks,fault transport/sealing,and glutenite reservoirs controls the degree of hydrocarbon enrichment.From top to bottom,three hydrocarbon accumulation units,i.e.low-fill zone,transition zone,and high-fill zone,are recognized.The main area of the channel in the nearly pressurized source-connecting fault zone is favorable for large-scale hydrocarbon enrichment.The research results suggest a new direction for the exploration of large-scale glutenite-rich reservoirs in the Enping Formation of the Pearl River Mouth Basin,and present a major breakthrough in oil and gas exploration.

Stress corrosion cracking behavior of buried oil and gas pipeline steel under the coexistence of magnetic field and sulfate-reducing bacteria

Magnetic field and microorganisms are important factors influencing the stress corrosion cracking(SCC)of buried oil and gas pipelines. Once SCC occurs in buried pipelines, it will cause serious hazards to the soil environment. The SCC behavior of X80 pipeline steel under the magnetic field and sulfate-reducing bacteria(SRB) environment was investigated by immersion tests, electrochemical tests, and slow strain rate tensile(SSRT) tests. The results showed that the corrosion and SCC sensitivity of X80 steel decreased with increasing the magnetic field strength in the sterile environment. The SCC sensitivity was higher in the biotic environment inoculated with SRB, but it also decreased with increasing magnetic field strength, which was due to the magnetic field reduces microbial activity and promotes the formation of dense film layer. This work provided theoretical guidance on the prevention of SCC in pipeline steel under magnetic field and SRB coexistence.

Research progress and potential of new enhanced oil recovery methods in oilfield development

This paper reviews the basic research means for oilfield development and also the researches and tests of enhanced oil recovery(EOR)methods for mature oilfields and continental shale oil development,analyzes the problems of EOR methods,and proposes the relevant research prospects.The basic research means for oilfield development include in-situ acquisition of formation rock/fluid samples and non-destructive testing.The EOR methods for conventional and shale oil development are classified as improved water flooding(e.g.nano-water flooding),chemical flooding(e.g.low-concentration middle-phase micro-emulsion flooding),gas flooding(e.g.micro/nano bubble flooding),thermal recovery(e.g.air injection thermal-aided miscible flooding),and multi-cluster uniform fracturing/water-free fracturing,which are discussed in this paper for their mechanisms,approaches,and key technique researches and field tests.These methods have been studied with remarkable progress,and some achieved ideal results in field tests.Nonetheless,some problems still exist,such as inadequate research on mechanisms,imperfect matching technologies,and incomplete industrial chains.It is proposed to further strengthen the basic researches and expand the field tests,thereby driving the formation,promotion and application of new technologies.

Theory,technology and practice of shale gas three-dimensional development:A case study of Fuling shale gas field in Sichuan Basin,SW China

In the Jiaoshiba block of the Fuling shale gas field,the employed reserves and recovery factor by primary well pattern are low,no obvious barrier is found in the development layer series,and layered development is difficult.Based on the understanding of the main factors controlling shale gas enrichment and high production,the theory and technology of shale gas three-dimensional development,such as fine description and modeling of shale gas reservoir,optimization of three-dimensional development strategy,highly efficient drilling with dense well pattern,precision fracturing and real-time control,are discussed.Three-dimensional development refers to the application of optimal and fast drilling and volume fracturing technologies,depending upon the sedimentary characteristics,reservoir characteristics and sweet spot distribution of shale gas,to form"artificial gas reservoir"in a multidimensional space,so as to maximize the employed reserves,recovery factor and yield rate of shale gas development.In the research on shale gas three-dimensional development,the geological+engineering sweet spot description is fundamental,the collaborative optimization of natural fractures and artificial fractures is critical,and the improvement of speed and efficiency in drilling and fracturing engineering is the guarantee.Through the implementation of three-dimensional development,the overall recovery factor in the Jiaoshiba block has increased from 12.6%to 23.3%,providing an important support for the continuous and stable production of the Fuling shale gas field.

Practice and theoretical and technical progress in exploration and development of Shunbei ultra-deep carbonate oil and gas field,Tarim Basin,NW China

In this review on the exploration and development process of the Shunbei ultra-deep carbonate oil and gas field in the Tarim Basin, the progress of exploration and development technologies during the National 13th Five-Year Plan of China has been summarized systematically, giving important guidance for the exploration and development of ultra-deep marine carbonate reservoirs in China and abroad. Through analyzing the primary geological factors of “hydrocarbon generation-reservoir formation-hydrocarbon accumulation” of ancient and superposed basin comprehensively and dynamically, we point out that because the Lower Cambrian Yuertusi Formation high-quality source rocks have been located in a low-temperature environment for a long time, they were capable of generating hydrocarbon continuously in late stage, providing ideal geological conditions for massive liquid hydrocarbon accumulation in ultra-deep layers. In addition, strike-slip faults developed in tectonically stable areas have strong control on reservoir formation and hydrocarbon accumulation in this region. With these understandings, the exploration focus shifted from the two paleo-uplifts located in the north and the south to the Shuntuoguole lower uplift located in between and achieved major hydrocarbon discoveries. Through continuing improvement of seismic exploration technologies for ultra-deep carbonates in desert, integrated technologies including seismic acquisition in ultra-deep carbonates,seismic imaging of strike-slip faults and the associated cavity-fracture systems, detailed structural interpretation of strike-slip faults, characterization and quantitative description of fault-controlled cavities and fractures, description of fault-controlled traps and target optimization have been established. Geology-engineering integration including well trajectory optimization,high efficiency drilling, completion and reservoir reformation technologies has provided important support for exploration and development of the Shunbei oil and gas field.

Study on the Environmental Impact of Oil and Gas Field Development on the Ecological Red Line Area

To cooperate with the five ministries and commissions of the state to carry out joint investigation on the environmentally sensitive areas involved in oil and gas exploration and development,for the problems found in survey,containing complex type and numerous amount of ecologically sensitive space and ecological red line involved in oil and gas field enterprises,scientific nature of delimitation,lack of strong support of laws and regulations for forced withdrawal of oil and gas production facilities in these areas,some countermeasures and suggestions were proposed,such as further evaluating and combing scope and functional zoning of existing environmentally sensitive areas and ecological red lines,treating differently,enhancing pertinence of prohibition in ecologically sensitive regions,declining blindness of the withdrawal of oil and gas facilities in environmentally sensitive areas,strengthening seriousness of approval of exploration and mining rights of oil and gas resources,and establishing strategic reserve exploration and hierarchical development mechanism. Moreover,oil and gas field enterprises should integrate more efforts to ① accelerate to find out the current situation of environmental quality,② adhere to developing in protection,and protecting in development,③ increase attention and participation strengthen of providing technical support for national oil and gas exploration and development strategy evaluation,④ accelerate communication and docking with local governments on the ecological red line,⑤ actively strive to be included in the positive list management of local governments,⑥ accelerate to establish and perfect primary database of oil and gas production and facilities construction,and ⑦ document management information system of the ecological red line.

Shale oil and gas exploitation in China:Technical comparison with US and development suggestions

The shale oil and gas exploitation in China is technically benchmarked with the United States in terms of development philosophy,reservoir stimulation treatment,fracturing parameters,fracturing equipment and materials,oil/gas production technology,and data/achievements sharing.It is recognized that the shale oil and gas exploitation in China is weak in seven aspects:understanding of flow regimes,producing of oil/gas reserves,monitoring of complex fractures,repeated stimulation technology,oil/gas production technology,casing deformation prevention technology,and wellbore maintenance technology.Combined with the geological and engineering factors of shale oil and gas in China,the development suggestions of four projects are proposed from the macro-and micro-perspective,namely,basic innovation project,exploitation technology project,oil/gas production stabilization project,and supporting efficiency-improvement project,so as to promote the rapid,efficient,stable,green and extensive development of shale oil and gas industry chain and innovation chain and ultimately achieve the goal of“oil volume stabilizing and gas volume increasing”.

Technological progress and development directions of PetroChina overseas oil and gas field production

This study reviews the development history of PetroChina’s overseas oil and gas field development technologies, summarizes the characteristic technologies developed, and puts forward the development goals and technological development directions of overseas business to overcome the challenges met in overseas oil and gas production. In the course of PetroChina’s overseas oil and gas field production practice of more than 20 years, a series of characteristic technologies suitable for overseas oil and gas fields have been created by combining the domestic mature oil and gas field production technologies with the features of overseas oil and gas reservoirs, represented by the technology for high-speed development and stabilizing oil production and controlling water rise for overseas sandstone oilfields, high efficiency development technology for large carbonate oil and gas reservoirs and foamy oil depletion development technology in use of horizontal wells for extra-heavy oil reservoirs. Based on in-depth analysis of the challenges faced by overseas oil and gas development and technological requirements, combined with the development trends of oil and gas development technologies in China and abroad, overseas oil and gas development technologies in the future are put forward, including artificial intelligence reservoir prediction and 3 D geological modeling, secondary development and enhanced oil recovery(EOR) of overseas sandstone oilfields after high speed development, water and gas injection to improve oil recovery in overseas carbonate oil and gas reservoirs, economic and effective development of overseas unconventional oil and gas reservoirs, efficient development of marine deep-water oil and gas reservoirs. The following goals are expected to be achieved: keep the enhanced oil recovery(EOR) technology for high water-cut sandstone oilfield at international advanced level, and make the development technology for carbonate oil and gas reservoirs reach the international advanced level, and the development technologies for unconventional and marine deep-water oil and gas reservoirs catch up the level of international leading oil companies quickly.

Global oil and gas development in 2022:Situation,trends and enlightenment

Through analysis of four aspects,including the distribution and production of global oil and gas fields,the distribution and changes of remaining recoverable reserves,the differences in oil and gas production between regions/countries,and the development potential of oil and gas fields with production capacity not built and to be built,this paper presents the situation and trends of global oil and gas development in 2022.It is found that,in 2022,oil and gas fields are widely distributed worldwide,and upstream production activities continue to recover;the oil and gas reserves decrease slightly year on year,and the oil and gas reserves in sea areas increase significantly;the oil and gas production increases continuously,and the key resource countries make a significant contribution in oil and gas production growth;the oil and gas fields with production capacity not built and to be built hold abundant reserves,and their development potential will be gradually released with the economic benefits increase.Further analysis is conducted from the perspectives of global oil and gas resources continuity,geopolitical risks,potential of international cooperation,and upgrade of unconventional oil and gas technology.Finally,in view of core business domains and strategies under the new situation,the Chinese oil companies are recommended to:(1)keep a foothold in onshore conventional oil and gas development by virtue of their comparative advantages and learning from other’s experience in cooperation;(2)carry out pilot tests on development adjustment,and deepen the international cooperation in enhanced oil/gas recovery;(3)improve the oil and gas operation capabilities in sea areas to transform from follower as minority shareholder to joint venture and then to independent operations;and(4)seek appropriate ways for shale oil/gas development to reduce the dependence on foreign oil and gas.

The accumulation characteristics and exploration potential of oil and gas in the back-arc basin of Japan under the background of high heat flow

The Sea of Japan is located in the southeast margin of Eurasia, in the triangle area of the western Pacific Ocean. Due to the interaction of the Pacific plate, Eurasian plate and Philippine plate, its tectonic environment is complex, forming a typical trench-arc-basin system. At present, 148 oil and gas fields have been discovered in Japan, with an oil and gas resource of 255.78×10^(6) t, showing a good prospect for oil and gas exploration. Based on the previous research and the recently collected geological and geophysical data, the characteristics of tectonic-sedimentary evolution and geothermal field in the basins around the Sea of Japan are analyzed. The results show that the tectonic evolution of the basin is mainly controlled by plate subduction and back-arc oceanic crust expansion, and it mainly undergone four tectonic-sedimentary evolution stages: Subduction period, basin development period, subsidence period and compression deformation period. The overall heat flow value of Japan Sea is high, and it is distributed annularly along Yamato Ridge. The geothermal heat flow value is about 50–130 MW/m^(2), and the average heat flow is75.9±19.8 MW/m^(2), which has a typical “hot basin ”. The high heat flow background provides unique thermal evolution conditions for hydrocarbon generation, which leads to the high temperature and rapid evolution. The authors summarized as “early hydrocarbon generation, rapid maturity and shallow and narrow hydrocarbon generation window”. The type of oil and gas is mainly natural gas, and it mainly distributed in Neogene oil and gas reservoirs. The trap types are mainly structural traps, lithologic traps and composite traps. In addition, the pre-Neogene bedrock oil and gas reservoirs also show a good exploration prospect. The resource prospecting indicates that Niigata Basin, Ulleung Basin and kitakami Basin are the main target areas for future exploration and development.

Simulating the Effect of Hydrate Dissociation on Wellhead Stability During Oil and Gas Development in Deepwater

It is well known that methane hydrate has been identified as an alternative resource due to its massive reserves and clean property. However, hydrate dissociation during oil and gas development(OGD) process in deep water can affect the stability of subsea equipment and formation. Currently, there is a serious lack of studies over quantitative assessment on the effects of hydrate dissociation on wellhead stability. In order to solve this problem, ABAQUS finite element software was used to develop a model and to evaluate the behavior of wellhead caused by hydrate dissociation. The factors that affect the wellhead stability include dissociation range, depth of hydrate formation and mechanical properties of dissociated hydrate region. Based on these, series of simulations were carried out to determine the wellhead displacement. The results revealed that, continuous dissociation of hydrate in homogeneous and isotropic formations can causes the non-linear increment in vertical displacement of wellhead. The displacement of wellhead showed good agreement with the settlement of overlying formations under the same conditions. In addition, the shallower and thicker hydrate formation can aggravate the influence of hydrate dissociation on the wellhead stability. Further, it was observed that with the declining elastic modulus and Poisson's ratio, the wellhead displacement increases. Hence, these findings not only confirm the effect of hydrate dissociation on the wellhead stability, but also lend support to the actions, such as cooling the drilling fluid, which can reduce the hydrate dissociation range and further make deepwater operations safer and more efficient.

Daily Variation of Natural Emission of Methane to the Atmosphere and Source Identification in the Luntai Fault Region of the Yakela Condensed Oil/Gas Field in the Tarim Basin,Xinjiang,China

The static flux chamber method was applied to study natural emissions of methane to the atmosphere in the Luntai fault region of Yakela Condensed Oil/Gas Field in the Tarim Basin, Xinjiang Municipality, northwestern China. Using an online method, which couples together a gas chromatography/high-temperature conversion/isotope ratio mass spectrometry （GC/C/MS）, 13^C/12^C ratios of methane in flux chambers were measured and showed that methane gases are liable to migrate from deep oil/gas reservoirs to the surface through fault regions and that a part of the migrated methane, which remains unoxidized can be emitted into the atmosphere. Methane emission rates were found to be highest in the mornings, lowest in the afternoons and then increase gradually in the evenings. Methane emission rates varied dramatically in different locations in the fault region. The highest methane emission rate was 10.96 mg/m^2·d, the lowest 4.38 mg/m^2, and the average 7.55 mg/ m^2·d. The 13^C/12^C ratios of the methane in the flux chambers became heavier as the enclosed methane concentrations increased gradually, which reveals that methane released from the fault region might come from thermogenic methane of the deep condensed oil/gas reservoir.

Development characteristics and orientation of tight oil and gas in China

Through reviewing the development history of tight oil and gas in China,summarizing theoretical understandings in exploration and development,and comparing the geological conditions and development technologies objectively in China and the United States,we clarified the progress and stage of tight oil and gas exploration and development in China,and envisaged the future development orientation of theory and technology,process methods and development policy.In nearly a decade,relying on the exploration and development practice,science and technology research and management innovation,huge breakthroughs have been made.The laws of formation,distribution and accumulation of tight oil and gas have been researched,the development theories such as"multi-stage pressure drop"and"man-made reservoirs"have been established,and several technology series have been innovated and integrated.These technology series include enrichment regions selection,well pattern deployment,single well production and recovery factor enhancement,and low cost development.As a result,both of reserves and production of tight oil and gas increase rapidly.However,limited by the sedimentary environment and tectonic background,compared with North America,China’s tight oil and gas reservoirs are worse in continuity,more difficult to develop and poorer in economic efficiency.Moreover,there are still some gaps in reservoir identification accuracy and stimulating technology between China and North America.In the future,Chinese oil and gas companies should further improve the resource evaluation method,tackle key technologies such as high-precision 3D seismic interpretation,man-made reservoir,and intelligent engineering,innovate theories and technologies to enhance single well production and recovery rate,and actively endeavor to get the finance and tax subsidy on tight oil and gas.

Formation and distribution characteristics of Proterozoic–Lower Paleozoic marine giant oil and gas fields worldwide

There are rich oil and gas resources in marine carbonate strata worldwide.Although most of the oil and gas reserves discovered so far are mainly distributed in Mesozoic,Cenozoic,and upper Paleozoic strata,oil and gas exploration in the Proterozoic–Lower Paleozoic（PLP）strata—the oldest marine strata—has been very limited.To more clearly understand the oil and gas formation conditions and distributions in the PLP marine carbonate strata,we analyzed and characterized the petroleum geological conditions,oil and gas reservoir types,and their distributions in thirteen giant oil and gas fields worldwide.This study reveals the main factors controlling their formation and distribution.Our analyses show that the source rocks for these giant oil and gas fields are mainly shale with a great abundance of type I–II organic matter and a high thermal evolution extent.The reservoirs are mainly gas reservoirs,and the reservoir rocks are dominated by dolomite.The reservoir types are mainly karst and reef–shoal bodies with well-developed dissolved pores and cavities,intercrystalline pores,and fractures.These reservoirs arehighly heterogeneous.The burial depth of the reservoirs is highly variable and somewhat negatively correlated to the porosity.The cap rocks are mainly thick evaporites and shales,with the thickness of the cap rocks positively correlated to the oil and gas reserves.The development of high-quality evaporite cap rock is highly favorable for oil and gas preservation.We identified four hydrocarbon generation models,and that the major source rocks have undergone a long period of burial and thermal evolution and are characterized by early and long periods of hydrocarbon generation.These giant oil and gas fields have diverse types of reservoirs and are mainly distributed in paleo-uplifts,slope zones,and platform margin reef-shoal bodies.The main factors that control their formation and distribution were identified,enabling the prediction of new favorable areas for oil and gas exploration.

Effect of HCO_3^- concentration on CO_2 corrosion in oil and gas fields

The effect of HCO3^- concentration on CO2 corrosion was investigated by polarization measurement of potentiodynamic scans and weight-loss method, Under the conditions of high pressure and high temperature, the corrosion rate of steel X65 decreased with the increase of HCO3^- concentration, while pH of solution increased. SEM, EDS, and XRD results of the corrosion scales indir cated that the typical FeCO3 crystallite was found at low HCO3^- concentration but Ca（Fe,Mg）（CO3）2 was found at high HCO3^- con- centration. Ca^2＋ and Mg^2＋ are precipitated preferential to Fe^2＋ at high pH value. Potentiodynamic polarization curves showed that the cathodic current density decreases with the increase of HCO3^- concentration at low HCO3^- concentration. When the HCO3^- concentration reaches 0.126 mol/L, increasing HCO3^- concentration promotes cathodic reactions. Anodic behavior is an active process at low HCO3^- concentration and the anodic current density decreases with the increase of HCO3^- concentration. An evident active-passive behavior is exhibited in anodic process at 0.126 mol/L HCO3^-.

Status, trends and enlightenment of global oil and gas development in 2021

By analyzing the distribution of global oil and gas fields and the reasons why some oil and gas fields are not in production, the distribution characteristics of oil and gas remaining recoverable reserves and their year-on-year changes, the distribution characteristics of oil and gas production and their year-on-year changes, and the development potential of oil and gas to be tapped in 2021, this paper sorts out systematically the current status and characteristics of global oil and gas development, summaries the major trends of global oil and gas development, puts forward enlightenment for international oil and gas cooperation. In 2021, oil and gas fields were widely distributed, the number of non-producing oil and gas fields was large;the whole oil and gas remaining recoverable reserves declined slightly, unconventional oil and gas remaining recoverable reserves dropped significantly;the overall oil and gas production continuously increased, the outputs of key resource-host countries kept year-on-year growth;undeveloped oilfields had abundant reserves and great development potential. Combined with global oil and gas geopolitics, oil and gas industry development trends, oil and gas investment intensity, and the tracking and judgment of hotspot fields, the major trends of global oil and gas development in 2021 are summarized. On this basis, the four aspects of enlightenment and suggestions for international oil and gas cooperation and development strategies are put forward: attach great importance to the obligation of marine abandonment to ensure high-quality and long-term benefit development of offshore oil and gas;adhere to the principle of not going to dangerous and chaotic places, strengthen the concentration of oil and gas assets, and establish multi stable supply bases;based on the multi-scenario demand of natural gas, realize the transformation from integrated collaboration to full oil and gas industry chain development;increase the acquisition of high-quality large-scale assets, and pay attention to the continuous optimization of the shareholding ratio of projects at different stages.

Development characteristics and quantitative prediction of reservoir fractures in the Chaoyanggou oil field

The Chaoyanggou oil field is a fractured low-permeability reservoir, where the distribution of oil and gas is controlled by the distribution and development of fractures.Based on outcrop, drilling core, thin section and log data, the development characteristics of fractures in this area are described.On this basis, the degree of fracture development was predicted by quantitative analysis of fracture strength and numerical simulation.The result shows that four groups of structural fractures, i.e., in near NS, and EW directions and in due NW and NE directions, were developed in the reservoir, with the nearly NS and EW fractures dominant, which are the along bedding decollement fractures formed by compressive folding action, while low angle shear fractures are related to thrusts.These fractures are mainly formed in the reversed tectonic stage at the end of the Mingshui formation during the Cretaceous period.The degree of fracture development is controlled by such factors as lithology, stratum thickness, faults, folds and depth.The fractures are developed with a clear zonation and are best developed in the northern zone, moderately developed towards the south and poorly developed in the middle zone.These prediction results are in good agreement with interpretation results from logs.

Progress and development directions of stimulation techniques for ultra-deep oil and gas reservoirs

By reviewing the development history of stimulation techniques for deep/ultra-deep oil and gas reservoirs,the new progress in this field in China and abroad has been summed up,including deeper understanding on formation mechanisms of fracture network in deep/ultra-deep oil and gas reservoir,performance improvement of fracturing fluid materials,fine stratification of ultra-deep vertical wells,and mature staged multi-cluster fracturing technique for ultra-deep and highly deviated wells/horizontal wells.In light of the exploration and development trend of ultra-deep oil and gas reservoirs in China,the requirements and technical difficulties in ultra-deep oil and gas reservoir stimulation are discussed:(1)The research and application of integrated geological engineering technology is difficult.(2)The requirements on fracturing materials for stimulation are high.(3)It is difficult to further improve the production in vertical profile of the ultra-deep and hugely thick reservoirs.(4)The requirements on tools and supporting high-pressure equipment on the ground for stimulation are high.(5)It is difficult to achieve efficient stimulation of ultra-deep,high-temperature and high-pressure wells.(6)It is difficult to monitor directly the reservoir stimulation and evaluate the stimulation effect accurately after stimulation.In line with the complex geological characteristics of ultra-deep oil and gas reservoirs in China,seven technical development directions are proposed:(1)To establish systematic new techniques for basic research and evaluation experiments;(2)to strengthen geological research and improve the operational mechanism of integrating geological research and engineering operation;(3)to develop high-efficiency fracturing materials for ultra-deep reservoirs;(4)to research separated layer fracturing technology for ultra-deep and hugely thick reservoirs;(5)to explore fracture-control stimulation technology for ultra-deep horizontal well;(6)to develop direct monitoring technology for hydraulic fractures in ultra-deep oil and gas reservoirs;(7)to develop downhole fracturing tools with high temperature and high pressure tolerance and supporting wellhead equipment able to withstand high pressure.

Bargaining strategy of oil companies in international oil and gas development Projects-Based on a bilateral bargaining model

Bargaining between the host country and oil companies is very common to international oil and gas development projects.The existence of information asymmetry gives the host country an endogenous bargaining advantage.Foreign oil companies might change their unfavorable negotiating position by changing the order of bidding and adjusting bidding strategies.This paper introduces both factors into a bilateral bargaining model to study the impact of information asymmetry and bidding order on the strategy and equilibrium returns of oil companies.According to the ownership of the right to bid first,two scenarios are designed for the model to compare the equilibrium returns of the host country and oil companies.The results show that:1)There is a first-mover advantage in the process of bilateral bidding,so oil companies better bid first;2)The information asymmetry will lead to a higher nominal income ratio of oil companies and a lower nominal income ratio of the host country,but it doesn’t affect the total income ratio at all.