This paper provides an evaluation of the latest long-term oil demand forecasts published by major institutions, examines the impact of carbon pricing on future oil demand, and explores the implications of these forecasts for the E&P industry.

The Northwest onshore area of Peru began its oil development at the end of the 19th century, with the participation of private and national companies until July 1973, when Petróleos del Peru S.A. (PETROPERU S.A.) was created, carrying out the exploration, exploitation, refining, commercialisation and development of the oil and derivatives industry in the country. Until 1993, more than 10,300 wells were drilled over a surface area of 450,103Ha in the Northwest onshore zone, registering an oil production of 25,000bl/d.

As consequence of the privatisation, from 1993 to the present, 2,200 wells were drilled in the Northwest, registering an oil production of 24,805bl/d (lower than 1993) and 5,380 active wells. Block X is located in the Lobitos, Pariñas, El Alto, Los Órganos, and Máncora districts of the Talara province and the Canoas de Punta Sal district of the Contraalmirante Villar province in the Tumbes department.

Adaptability is becoming a prerequisite for the oil and gas industry in these rapidly changing times. Companies need to be able to pivot at ease to new ways of working, and greater adoption of digital technologies can play an invaluable role in this emerging transition.

In 2020, the Covid-19 pandemic has showcased the importance of both adaptability and agility. Operators at a higher stage of digital maturity have been better able to endure the economic crisis. Businesses at a lower level of digitalisation have been made aware of the importance of overhauling legacy working practices.

Ambitious decarbonisation pledges have also highlighted the industry shift towards green energy. Digital technologies can help play a crucial bridging role towards this net-zero future, driving operational efficiencies and lowering operational emissions. New technologies will only increase in importance to support this drive towards cleaner energy.

In this report, industry experts examine some of the key themes influencing this adoption of digital technologies. Contributors discussed the changing cyber security landscape, automating refineries, the power of the digital twin, extending offshore asset life, among many other topics.

Sponsor: Various partners

Small Going Big... and Greener, focuses on the role of LNG as a bunker fuel. With the maritime sector under increasing pressure to address emissions, greener fuels for shipping are critical.

In this paper we look at how going greener with LNG not only addresses the sustainability agenda but also makes economic sense.

Sponsor: Strategy&, part of the PwC network

The Northwest onshore area of Peru began its oil development at the end of the 19th century, with the participation of private and national companies until July 1973, when Petróleos del Peru S.A. (PETROPERU S.A.) was created, carrying out the exploration, exploitation, refining, commercialization and development of the oil and derivatives industry in the country.

Until 1993, more than 10,300 wells were drilled in a surface area of 450,103 Ha in the Northwest onshore zone, registering an oil production of 25,000 bopd. As consequence of the privatization, from 1993 to the present, 2,200 wells were drilled in the Northwest, registering an oil production of 24,805 bopd (lower than 1993) and 5,380 active wells

Download this whitepaper for more details

When it comes to modernizing Capital Project delivery do you know your options?

Digital Twin technology is at the heart of every modern plant and processing asset. Read our whitepaper to discover how cloud technology is accelerating operators’ and EPCs' digital transformation.

Change is the new normal for Capital Projects

Capital Projects have earned a notorious reputation for being over budget and overschedule. Far-reaching reforms are underway, however, as Owner-Operators and EPCs turn to a powerful combination of cloud-based technology and new working processes to achieve transformational, data-driven improvements in Capital Project delivery.

Peru’s offshore provides prominent opportunities for exploration projects thanks to its diverse regional geology.  This geology has different structural and stratigraphic settings, with mature producing basins in the north to less explored basins in the south. Just a fresh and modern look at the available data may reveal great potential.

Download this whitepaper for a comprehensive overview of multi-client agreements in Peru in association with PeruPetro.

LNG and natural gas are critical parts of an interconnected global energy system. New directions are shaping the industry and there are opportunities for players who can adapt.

International law firm Ashurst surveyed LNG industry leaders across the Asia-Pacific region to ask how they thought the sector was responding to changing dynamics and what they think the future may hold. This has resulted in a brand new report, available now.

Sponsor: Ashurst

In support of the July 2020 webcast “Value creation in the new era through robust screening of oil & gas investments”, in association with Petroleum Economist, Steen Meulengracht, CEO PreVisions, has written four articles to dive deeper into the importance of break-even and sensitivity analyses on key external and internal project parameters.

Operator error is common and expensive. Chemical plants lose more than $20 billion annually from human error and insufficient knowledge. Trends in the workforce and the workplace are likely to exacerbate the problem. To overcome this challenge, operating companies need to shift their cultures from a training-centered, box-checking culture to a learning-centered, results-driven culture. The shift will reveal experiential, simulationbased learning as the most effective way to give your workforce the situational awareness needed to make the right choice in every scenario.

Cloud technology makes experiential learning accessible and practical for any organization. As experts in cloudbased operator training simulators (Cloud OTS) for every stage of operations, AVEVA is already helping forward-looking companies change their cultures and redefine training for tomorrow. 

This paper examines published estimates of shale oil breakeven prices, contrasts the quoted breakeven price with industry performance over the period and investigates the disconnect between published breakeven prices and actual breakeven prices at the corporate level.

The energy transition will be a multi-faceted process with each contributing energy source offering enormous potential but often bringing new challenges. The oil and gas sector is rapidly improving efficiency and reducing its carbon footprint, but can this be done around the world at reasonable cost? The boom in renewables continues apace, across ever more markets around the world, but requires peak demand support and smart grid management. And green hydrogen potentially offers a carbon-neutral high energy density fuel, but can it be cost competitive at scale? In this report, industry experts identify problems and present potential solutions.

Sponsors: Norton Rose Fulbright and Schneider Electric