Tag Archive for: tanzaniapetroleum development corporation

These are Roles of Petroleum Engineers in Petroleum Companies

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This article is very essentials for those who are already petroleum engineers and they need to updates their skills or those who they would like to be petroleum engineers.

 

Petroleum engineers apply technical skills and knowledge to solve engineering challenges. They work in subsurface   engineering   activities relating to the production of hydrocarbon which can be crude oil   or natural gas. In another way they get petroleum out of   the   ground and to the refinery.

 

Petroleum engineering specialize in three major types of engineering, which includes

  • Drilling engineers
  • Production engineers
  • Reservoir engineers

 

   Drilling engineers

They specialize in drilling, completion and work over operation. Drilling engineer drill deep to the subsurface  to find hydrocarbon deposit. Completion means to prepare well with steel pipe to cement pipe in place and to perforate pipe in the oil  zones  so that oil can flow to the surface.

 

 

 

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         perforated pipe

Note: Workover   means whenever well is visited for any type of maintenance it is called workover

 

Production engineers

They specialize in studying well characteristics, understanding well characteristics help them maintain oil flow over the period of time.  They  use various chemical and mechanical procedure to maximize oil recovery from the well.

 

Reservoir engineers

They design and implement  plant development of an oil field. They identify the size of oil field by  measuring its boundary and depth.They use data of all instrument to determine all phases of drilling program, they calculate oil reserves which is the amount of oil still in the reservoir.

Read see-where-does-petroleum-come-from

All petroleum engineering work with  sophisticated instrument and computer program, also use advance mathematics and physics to deal complex matter and to better understand and interpret oil field, this help them to keep oil flowing. Petroleum engineers are needed throughout the world to maintain existing field and to develop new oil field

FINAL WORD

Whether on land or offshore, Petroleum engineers are the movers  of oil and gas

Roles of Petroleum Engineers do In Petroleum Industry

This article is very essentials for those who are already petroleum engineers and they need to updates their skills or those who they would like to be.

 

Petroleum engineers apply technical skills and knowledge to solve engineering challenges. They work in subsurface   engineering   activities relating to the production of hydrocarbon which can be crude oil   or natural gas. In another way they get petroleum out of   the   ground and to the refinery.

 

Petroleum engineering specialize in three major types of engineering, which includes

  • Drilling engineers
  • Production engineers
  • Reservoir engineers

 

   Drilling engineers

They specialize in drilling, completion and work over operation. Drilling engineer drill deep to the subsurface  to find hydrocarbon deposit. Completion means to prepare well with steel pipe to cement pipe in place and to perforate pipe in the oil  zones  so that oil can flow to the surface.

 

Note: Workover   means whenever well is visited for any type of maintenance it is called workover

 

Production engineers

They specialize in studying well characteristics, understanding well characteristics help them maintain oil flow over the period of time.  They  use various chemical and mechanical procedure to maximize oil recovery from the well.

 

Reservoir engineers

They design and implement  plant development of an oil field. They identify the size of oil field by  measuring its boundary and depth.They use data of all instrument to determine all phases of drilling program, they calculate oil reserves which is the amount of oil still in the reservoir.

All petroleum engineering work with  sophisticated instrument and computer program, also use advance mathematics and physics to deal complex matter and to better understand and interpret oil field, this help them to keep oil flowing. Petroleum engineers are needed throughout the world to maintain existing field and to develop new oil field.

FINAL WORD

Whether on land or offshore, Petroleum engineers are the movers  of oil and gas.

 

 

Dear readers we would love to hear all of these from you

 

 

Low Oil Price need not Spell end for African Oil Producer

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THE low price of oil has dashed initial high hopes for oil and gas investment in Africa, but governments have the opportunity to turn things around.

The discovery of oil off the coast of Ghana in 2007 — and subsequent hydrocarbon finds in Uganda, Kenya, Tanzania and Mozambique — sparked an exuberant international response, with oil and gas investors and companies initially flocking to what many saw as a new frontier for the industry.

The excitement was understandable. The oil and gas finds in Mozambique had the potential to increase its gross domestic product GDP) fivefold by 2040. Ghana’s economy was also being transformed. Prices were booming and the “Africa Rising” narrative was taking hold across the world, with rising consumption and improved political stability changing investor perceptions.

Eight years on, with the oil price halved to below $50 a barrel, the enthusiasm of those early days looks a little euphoric. While there have been significant successes in oil and gas exploration in Africa, the overall pace of oil and gas investment still lags behind other destinations.

The cost of infrastructure and evolving local regulation often makes for a more uncertain investment in Africa, compared with other markets that have been operating for decades.

Rules requiring the inclusion of local companies and workers in oil and gas supply chains are positive for long-term economic development, but mean more upfront investment in the transfer of knowledge and skills.

Meanwhile, Africa’s above-ground risks, such as political complexity, insecurity, fiscal instability and regulatory changes are often higher than those found in markets with established oil and gas sectors.

Taxation and regulatory frameworks take time to establish in new oil markets and can potentially be seen as a risk by investors. When the oil price is high and capital abundant, investors are able to balance these risks with the potential returns.

However, at lower oil prices, investors look for lower-risk oil and gas markets – another factor counting against Africa.

Currently, we are seeing evidence of investment flows in oil and gas being pulled back towards North America as the competition for capital within the sector becomes more acute.

Meanwhile, as investors chase safe returns, Africa’s oil and gas sector increasingly has to compete for investment dollars with other sectors of the economy, such as the fast growing consumer market or technology sector. As a result, the oil and gas sector lacks capital at a time when, ironically, investment capital has never been so available.

The current low oil price is an opportunity for Africa to review the relationship between host governments and oil and gas investors and for African governments to do all they can to make the investment opportunities as investor-friendly as possible.

When prices were at $100 a barrel, some governments (particularly those new to oil), ran the risk of being lulled into a false sense of empowerment. They assumed they had the upper hand in negotiating inward investment.

Today, however, with lower oil prices and with competitive investment alternatives available in Africa and beyond, we are seeing an increased level of pragmatism on the part of some governments and policy makers. Public sector leaders and influencers are beginning to understand the importance for projects to go ahead, and go ahead as soon as possible.

Experience is everything. Having seen both the peaks and troughs of oil prices, African governments are more likely to introduce investment-friendly policies, regulations and incentives, which could boost the growth potential of the oil and gas sector.

Through my various conversations with governments across Africa, I am encouraged by a growing understanding of the need to create a more collaborative and investment-friendly environment.

This is the fourth oil price slump I have witnessed in my career. The timing of the recovery is unclear, but when it does happen and the dust settles, the winners will be those countries that were able to attract investment dollars despite the downturn. The losers will be inflexible countries that stick to the old rules of the $100 a barrel world.

Africa can use this time to secure itself a position among the winners by creating a robust investment environment and thus avoid the feast and famine scenario that all too often accompanies oil price cycles.

• Tims is MD of Standard Chartered Bank’s oil and gas industry team

Wentworth to Present at the First Energy Global Energy Conference In London

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wentworth-logo Wentworth Resources which is an independent energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique has announced that Managing Director, Mr. Geoff Bury, will present a corporate overview at the FirstEnergy Global Energy Conference being held on Monday 21st and Tuesday 22nd  September 2015.   The conference is being held at the Intercontinental London Park Lane, Hamilton Place, London W1J 7QY.

The presentation is available by visiting the Company’s website at www.wentworthresources.com.

Total’s bid for a Tanzania pipeline route rejected

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bdsouthsudanoil1Kenya and Uganda have rejected a push by Total France to have a proposed crude oil pipeline, being developed by the two countries, pass through Tanzania.

Total has been on a publicity offensive to have the route changed — from Hoima in Uganda via northern Kenya to Lamu on the Indian Ocean — in favour of another from Hoima via central Tanzania to the port of Tanga on the Indian Ocean.

Industry sources said Total accuses its partner in the Uganda oilfield, Tullow, of having vested interests in the pipeline passing through northern Kenya, where the UK company has prospects of pumping oil.

“The oil companies can have their concerns on the Northern Corridor and agree to develop an alternative route for the pipeline just the same way the two governments had their concerns on the southern routes and agreed on the low-cost, low-tariff route, which is the northern one,” said Bashir Hangi, communications officer at the Petroleum Exploration and Production Department of Uganda’s Ministry of Energy.

Technocrats from the two countries held a meeting in Nairobi last week to plan the construction of the pipeline, agreement of which was one of the key outcomes of a meeting between Kenya’s President Uhuru Kenyatta and Uganda’s President Yoweri Museveni last month.

The two presidents directed government officials to fast-track arrangements towards construction of the pipeline.

“Uganda is already engaged in serious discussions with Kenya on the way forward, especially on the conditions given to develop the pipeline,” said Mr Hangi, adding that no oil company had approached Uganda with a proposal for the the southern route.

Media reports had said that oil companies were in discussions with both the Ugandan and Tanzanian governments to have the route diverted to Tanzania.

Total’s corporate affairs manager Ahlem Friga, however, said the company was still evaluating all options — Tanzania being one of them.

Daniel Kiptoo, a legal advisor on petroleum matters at Kenya’s Ministry of Energy and Petroleum, said the two governments could not change the route when discussions had advanced so far.

Two studies — one by Kenya, Uganda and Rwanda and another by the oil companies — were conducted to evaluate which route was the most viable, before the governments opted for the northern Kenya route.

“The findings of the study showed that the northern route was more cost-effective in terms of time and distance than the southern route,” said Mr Kiptoo.

The study estimated that the Northern Corridor route will cost the two governments a total of $4.7 billion while the Southern Corridor route would cost a total of $5.26 billion. In terms of the distance, the 1,500km northern route is shorter than the southern route, which is 1,544km.

It is estimated that oil companies will pay $15.2 per barrel to move the commodity through the 1,500km northern pipeline and $15.6 per barrel on the southern route.

Low Crude Price, Graduates Suffer Stiff Job Competition In Petroleum Companies

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Since the oil price started falling in June 2014, the jobs in oil &gas companies keep falling, oil price crash has led to the many layoff from both operating and service companies many petroleum professionals have lost their jobs while fresh graduates are finding the way to get jobs in petroleum industry. This become difcult task for fresh graduates to get jobs due to the stiff competition in the industry.

Why there is stiff  job competitions in petroleum companies and how it  will affect many recent graduates.
There is stiff competition because the number of people who are seeking jobs in petroleum companies increases due to the current massive layoffs that left many petroleum professionals unemployed. So the demand for job is very high because those petroleum professionals who lost their jobs want to back again in petroleum companies and recent graduates also wish to begin their career in petroleum companies. This led to stiff competitions and it will afects many graduates

How low oil price would  affects many recent graduates as  they looking for  jobs in petroleum companies

  • Experience and training
    Due to this low level of crude prices companies are finding ways to ensure that they minimize costs and making profit, So to hire graduates it cost them in terms of money and time, due to the fact that it require long time to train fresh graduates in order to do the assigned jobs effectively, Therefore applicants with experiences and training are more preferred due the values they add in the companies

when you compare with fresh graduates. So oil companies will kills graduate job in order to cope with this low level crude price.

  • Less Salary
    Even if the oil companies will open fresh graduate jobs in this period of oil price downturn, the companies will chose few best candidates with less salary compared on what they were did before oil price crash. So many graduates will compete over the few jobs.
    Final words
    Possibilities of securing jobs for recent graduates is very lower due to this low crude prices, however if petroleum industry is your passion, you will fight and win the battle

Loss Making Atlas Development Focuses more on Tanzania and Ethiopia as Activity in Kenya Reduces

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Atlas-Development-2-325x244Nairobi securities exchange listed company Atlas Development has said it is now eyeing the Ethiopian and Tanzanian markets as oil exploration in Kenya and the Turkana region witnesses a significant reduction.

 

According to the company business in Ethiopia has been improving with contracts in the potash project where developers have been negotiating and have renewed as they look to advance their exploration and mining operations. 

“The Ethiopian business pipeline is also improving in the natural resource and infrastructure spaces.  With a positive market dynamic and a growth in requirements for international standard support services the Board is hopeful that the Ethiopian operations will generate positive returns,” the company says in a statement. 

 

The company adds that despite agreements in place to provide support services across the delivery spectrum in Kenya revenue visibility is not easy to predict at this time.

 

Atlas development adds that although tenders are being offered by a number of parties throughout the East African region the Board believes that the terms being demanded from service providers are not sustainable. 

“Indeed in a number of recent cases contracts were agreed but terms then adjusted by the clients, causing the work to be unprofitable and therefore unattractive to the Company,” the statement continues.

 

Atlas also says it has conducted a full review of operations in Kenya and dramatically reduced costs and overheads to preserve the balance sheet whilst maintaining a presence to ensure the capabilities are in place to deliver these potentially transformational projects when the time arises or market sentiment changes. 

How oil & Gas professionals who Lost jobs Can Survive the Low Oil Price

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Since falling of oil price in  June 2014  many oil and gas professionals have lost their jobs in petroleum companies.

It is true that Petroleum professionals who lost their jobs in petroleum companies experiencing bad time, this pushes them divert into different industries, sometimes even not related to their experience or field of study, Some  of them spending time at home doing nothing rather than killing time to wait for oil price to recover.

If you are among of them, don’t panic, today I will show you how you can survive during this period of oil price crash. But before i figure out how you can survive, I want you to keep in mind that, this is not the first time oil

This is not the first time oil and gas industry downturn

Remember the similar oil price crash has occurred in 1986, also remember oil price crash has occurred in 2008, so you have to keep in mind that this is not the first time for oil price crash to occur, and also is not the last oil price crush, i predict another crash may exist again. If you know all of this you will realize that this is normal circumstance in oil and gas business.

Now Lets see how you can survive in this period of low crude price

Also You may read :how-to-have-successful-career-in-petroleum-industry

 

1.Diversify

To be employed in petroleum companies does not imply you  unable to work  in other companies unrelated to oil and gas. So this is the right time to   mindstorming and decide where you can work. Also you can learn others skills  or disciplines that can help you while waiting for market to recover.

 

  1. Volunteer.

One of the advantages of oil prices crash is it develop leadership skills and it boost your resume, So  go and volunteer to any institution, don’t underestimate any  volunteering activities just go and learn then chance will go back to you.

 

3. Get  updated with current issues in petroleum industry.

Know where layoff are happened, know the trend of layoffs in petroleum industry, also  you must which sector are still recruit and which segment are not, and this you can know by visiting sites like    tanzaniapetroleum.com etc

 

4.Get job that you will support you to make living.

It doesn’t matter where as long you get money, find where you can add value and this will help you increase chances of getting job later.

 

5.Widen your network.

This is not only will help you to get job but also it’s very important for your career development and success. Such for key people in the internet, use social networks wisely and the one I recommend most is to create professional linkedin profile. Attend events and conference relating to petroleum industry. I

 

FINAL WORDS

It’s difficult to predict when this downturn will end up  but atleast at the end of 2015. So is up to you how to react to  that. If petroleum industry is your passion I believe you will fight and win the battle. But before  that happen  I believe a lot of thing should be done. This is right time to start. Start now…….

 

 

 

 

 

How to have Successful Career in Petroleum Industry

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Have you seen some employee in oil and gas industry  are happier day to day, moving from one position to another, and are promoted faster than others, more productive more fulfilled than others? While others are filled with angry and frustrations. What makes this difference?  Is it Kismet or Kind of  fate?

So to day i will share with you three simple secret that will make you more happier and more successful in your career in oil and gas industry

 

  1. Have open mind and be willing to learn.

You should develop the habit of lifelong learning,  one of common habit that destroy career of many employee in petroleum industry is to stop   learning immediately after getting the job offer. The industry is very diverse no  matter   what the degree or background you should develop the habit of continuous  learning in order to be among of the most respected and successful person in your job or career.

 

 

  1. Understand your company or industry and what role you can play

You must be aware of challenges and problem that face  industry  and thinking on finding  a means you can solve those problems. If you demonstrate interest, passion and great attitude in getting involved, this will assist you to be promoted faster than others who keep on waiting for luck to struck them.

 

 

 

  1. Network with professionals in the oil and gas industry.

Attend every seminars and conferences relating to oil and gas industry where you can meet professionals from different industry. And this tip is work more for students and other job seeker where can start getting contacts to see where you would like to apply and having successful career. You should find upcoming events in the site like Tanzaniapetroleum.com or other sites

MY FINAL WORDS

Those tips I mention above are very simple to apply but it need a lot of commitment.

 

Good luck in your successful career in oil and gas industry

Erin Energy Appoints New Chief Operating Officer

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Erin Energy Corporation announced Friday that it has appointed its senior vice president for exploration and production, Segun Omidele, as its new chief operating officer, effective immediately.

Omidele has worked for Erin Energy since 2011 and led the company’s technical team in its successful deepwater drilling and completion campaign of the Oyo-7 and Oyo-8 wells, located offshore Nigeria. The company’s new COO has over 35 years of experience in the oil and gas industry, including 28 years with Shell Oil companies in Nigeria, the U.K. and the U.S.

Kase Lawal, chairman and chief executive officer of Erin Energy, commented in a company statement:

“Segun’s leadership and knowledge of the business and region have proved exceptionally valuable to our company and I am very pleased he will now serve us as chief operating officer.”

Life Cycle of a Well

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                       1.Exploration:This is the first stage in getting oil and gas to  market.This is where Geoscientists and Petroleum engineer work together to locate and drill into location that they think will produce oil.

                       2.Appraisal: After they finding the traces of oil and gas they must appraisal and evaluate the commercial potential of that discovery,in dong so the determine how much oil is available, the type of oil and gas that is present and extent of field size, In short they calculate if there is sufficient hydrocarbon to justify further investment. In other word will the field produce enough hydrocarbon to help recover all the cost and still make profit.

  1. Development: If they determine there enough oil, they will then plan development of the field, they select where are the wells to be drilled to determine the size and extent of the field next they plan budget equipment tools and manpower needed to bring the field into production.

  1. Production:This is where field start to produce oil and gas or its satart actually makes money,In fact the production stage is the only stages that makes money and must make enough to support other phases and still makes profit. This stages can last from few years to decades depending on the size of the field.

                     5.Abandonment: When there is no longer enough producible hydrocarbon to make profit the well will be shut down.