Saudi Arabia has the second largest oil reserves in the world, so it is quite logical that there are several successful oil companies in this country. One of them is Saudi Aramco or simply Aramco. With a revenue of around $380 billion and value between $2 trillion and $10 trillion, Saudi Aramco is the most valuable company in the world.
One of the reasons why this company is always on top is their investment in research and development of new oilfields. Manifa oilfield is one of these new oilfields that have proven to be a great investment.
Manifa oilfield is located on a manmade island. Thanks to modern technology, engineers and architects can create artificial islands and make the production of oil much easier and simpler. Of course, in order for such manmade island to promise a good return on investment, it must be situated in shallow waters. Otherwise, it will need a lot of material to build it. At the same time, these manmade islands guarantee the improvement of long-term reservoir recovery. In addition, oilfields built on manmade islands allow the creation of more wells, don’t have negative environmental effects and it is much safer for the workers to work on an oilfield like this.
We have a post in Facebook Fanpage (https://www.facebook.com/drillingformulas) about animal that you cauguth while you were working in the field. There are many people participating in this discussion so we would like to share some images sharing from our Facebook friends.
Perro Negro 6 Incident – Jack up rig capsized and sank was happen few year ago but we would like to share this case as a case study. You can watch what happen in the video below.
It is clearly seen that the rig capsized and sank in just few minutes. Jack up rig move is one of the most hazardous operation. Before a rig is moved, total number of people on board will be kept at minimum for operating the operation and non essential personnel will not be allowed on the rig. There are several considerations that rig contractors and operators must be agreed before commencing any rig move operation. For this case, we would like to emphasize that even though all safety is in place, the bad thing can be happened.
IOM3 (The Institute of Materials, Minerals and Mining) share another good presentation about upstream oil and gas overview. This is an excellent document which will help people understand more about oil and gas industry. Continue reading →