The Texas Barnett Shale sets global standard for the largest active natural gas play in the US; pioneering the industry with cutting edge technology.
Vol. 4, No. 2
One of the last intact wildernesses left on earth, Papua New Guinea is experiencing an unprecedented resurgence of interest from the hydrocarbon industry. Is it possible to encourage the advances of modernisation and the oil industry without jeopardising the ecology and culture of this amazing country?
The Norwegian Sea continental margin is dominated by the deep-water Vøring and Møre basins, which contain thick Cretaceous and Tertiary fills. To the east lie the Halten Terrace, Nordland Ridge and Trøndelag Platform, with a cover of Triassic, Jurassic and Cretaceous sediments. To the west, the Vøring and Møre Marginal Highs are overlain by a thick pile of early Tertiary lavas.
Some of the most productive oil and gas acreage ever discovered lie adjacent to the site of this year’s AAPG National Convention in Long Beach. Separated by only 5 km, the “old, nearly depleted” Long Beach and Wilmington oil fields still offer exploitation opportunities despite the challenges of operating in an urban environment.
As we have now entered the International Polar Year (see also page 72), we should expect a strong focus on the development of fossil fuels in northern latitudes for the years to come.
The recent announcement of the 24th UKCS Licensing Round awards came at the end of another record year for the UK oil and gas industry. Over 700 million barrels of oil equivalent (MMboe) were discovered in 2006, the highest level since 2001, and a high percentage of wells found potentially commercial oil and gas accumulations.
The Norwegian Sea covers more than 200 000 km<sup>2</sup> of highly prospective acreage with many proven discoveries of Mezosoicand Cenozoic age. The large shelf area can be divided into three sub-regions.
A rock as tight as a table top, the Barnett Shale has become the most prolific gas reservoir in Texas and the largest active natural gas play in the United States. Exploration in this play is truly cutting edge, pioneering stimulation technology that will undoubtedly lead to new shale gas production throughout the world.