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UBD Market Overview Report Available
The 2003 Underbalanced Drilling (UBD)
Report, a 25-page market overview by Spears and Associates,
Inc. (Spears) of the demand and drivers for UBD and the
responses by service and equipment companies, is now available
for purchase. The report shows UBD activity trends since 1990
with a forecast through 2003. It also breaks out the activity
into 3 regions—U.S., Canada and International. The U.S. market
is further detailed by the type of UBD activity. Finally, the
UBD-related revenues are estimated for six of the major
equipment and services providers in this market.
UBD has been an elusive market for most
analysts because it has many definitions in the industry and
because it is difficult to isolate from other oilfield
markets. Spears used the broadest definition of UBD, then
segmented the market into 4 tiers for a complete understanding
of the market dynamics.
The report contents are as follows:
Technology Overview, UBD Methods, Tiers of Complexity, Market
Dynamics, Market Size and Growth (U.S., Canada and
International), Limited UBD Markets, Impacts on Other Markets,
UBD Services & Equipment, Trends and Acquisitions. The cost of
the report is $950. Following purchase, it can be emailed
immediately via Adobe pdf format or shipped as a bound,
printed copy.
For more information, visit Spears &
Associates, Inc. website (www.
spearsresearch.com/Reports/
UBD/Underbalanced_
Drilling.htm).
Center for Interactive
Smart Oilfield Technologies Forming
The University of Southern California (USC)
and ChevronTexaco Corp. recently announced plans to establish
a new center, CiSoft, to develop advanced technologies to
improve oil and gas exploration and production efficiency.
ChevronTexaco will provide R&D funding to establish the
center, which will draw upon faculty expertise and resources
within the
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USC School of Engineering's Information
Sciences Institute, the Integrated Media System Center and the
Petroleum Engineering Program.
CiSoft will focus on developing integrated
technologies targeted to the operations of instrumented,
intelligent oil and gas fields. ChevronTexaco employees will
directly participate in the center's R&D program and the
company will provide real-world drilling and production data
from oil and gas fields from around the world. ChevronTexaco
also plans to provide additional research investments as
expanded programs develop within CiSoft. CiSoft will also
support a strong educational component drawing top graduates
from across the world. USC will create a new master of science
degree program which uniquely integrates information
technology and petroleum engineering.
CiSoft will form an integral component of
ChevronTexaco's i-field program, which is focused on the
integration of field automation, reservoir simulation
technologies, new and emerging well technologies, and
real-time reservoir management.
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Advances in i-field technologies and
enhanced workflows will help reduce field development costs,
speed up the analysis of information and enhance operational
reliability.
CiSoft's co-executive directors will be Mike
Hauser, i-field program manager at ChevronTexaco Exploration
and Production Technology Company, and Iraj Ershaghi, USC
professor of chemical engineering and director of the
Petroleum Engineering Program.
CiSoft is the most recent center formed as
part of ChevronTexaco's strategy to develop unique, new
research and educational partnership structures. Last year,
ChevronTexaco joined with the University of Tulsa to form the
Center of Research Excellence in production fluid flow, which
is conducting research in the areas of flow assurance,
specifically the study of emulsions and multiphase flow,
dispersions and heavy-oil chemistry.
See ChevronTexaco press release (www.chevrontexaco.
com/news/press/
2003/2003-08-29.asp)
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Tech
Transfer Track