Hemisphere Energy Corporation is a producing oil and gas company focused on developing low risk conventional oil assets for minimal capital exposure through developing known pools of oil and optimizing waterflood
The Company drilled five (5.0 net) Viking oil wells and four (3.5 net) Cardium oil wells that will be brought on production in Q3/19, as well as two (2.0 net) wells at Veteran that will be used for injection and water sourcing to further contribute to the Company's waterflood
program in the area.
CRC's internally funded investments will be largely directed to short payout projects, such as primary drilling of both vertical and lateral wells and capital workovers, and low-risk projects including waterflood
and steamflood investments that maintain base production.
Previously, Hayse has designed conventional oil production facilities, full scale waterflood
field development, cost tracking/estimating, document control, specification creation, project schedule creation and procurement as well as instrumental in the development of major oil and gas facilities projects throughout Texas.
"International production grew 6 percent compared to the fourth quarter and benefited from high facilities uptime across our operations, strong early production rates from two new wells in the North Sea, and a continuation of good results from our revamped waterflood
program in the Forties Field," said John J.
The winner of the 2018 'Technical Innovation of the Year' Award was Saudi Aramco for its 'Waterflood
Monitoring with Surface-to-borehole Electromagnetics, which represented a 'major step forward'.
The properties acquired by Mid-Con include 10 mature waterflood
Using primary and secondary (waterflood
) recovery techniques, between 30-35 per cent of oil is recovered on average.
In 2017, the final investment decision was taken for Marmul Polymer Phase 3, which targets the infill drilling of the existing wells in the Marmul Al Khlata reservoir, waterflood
and polymer rotation.
Bahar Energy Limited (BEL), subsidiary of US Greenfields Petroleum, plans to initiate a waterflood
of the FS reservoir in Azerbaijan's Bahar gas field in 2019 starting with the implementation of five waterflood
pilots, said a message from Greenfields Petroleum.
The assets include approximately 42,600 net acres of land, three oil batteries and associated pipelines, along with the necessary water infrastructure to facilitate the existing seven waterflood
projects and initiate up to eight additional waterflood
Streamline simulation also brings addition reservoir engineering information to the identification of waterflood
patterns, well pair connections, and areas of flood inefficiency beyond standard surveillance techniques [15, 16].