Offshore Employment And Oil Company Jobs: What Are Your Prospects Like In The Next 10 Years? by Calvin Loh

You may have heard about the idea of "peak oil", where some experts predict that the world's ability to produce oil will peak within one or two decades. How does this affect your offshore employment prospects? Should you still chase after oil company jobs? After all, no more oil means no more jobs, right? Maybe we should all become farmers and grow our own food?

Well, it is still too early to panic. Oil prices are still high, around $110 per barrel. Consider that oil cost $70 in 2006, and under $50 in the early 2000s, we are not likely to see any significant drop in oil prices soon. This means oil companies will keep on looking for more oil, as well as develop better technologies to get more oil out of existing oil fields.

How will better technology help? Currently, we get 20% initial recovery rate out of oil wells. Another 40% can be recovered using modern techniques like water flooding and carbon dioxide flooding. In other words, we still have 40% of the oil left behind in our supposedly dry oil fields - that is billions of barrels of oil. Given continued high oil prices, oilfield services companies will soon find new ways to recover this last 40% of oil left in the ground. Do you still think oil company jobs will disappear?

Here is another fact to consider - only a small percentage of the Earth's surface has been explored for oil, mainly deserts and shallow seas. New technologies will make it possible to find and recover oil in deeper oceans. Offshore employment will definitely still exist. New offshore drilling jobs will continue to be created.

We should also not forget two alternative sources of oil: heavy oil and oil shale deposits. Heavy oil is much thicker than normal crude. It has the consistency of molasses, and is more difficult to pump out. With oil prices above $100, oil companies are now looking at the heavy oil fields in Alberta (Canada) and Orinoco (Venezuela). Undoubtedly, more heavy oil fields will be found and exploited. As the demand for more oil from China and India is unlikely to quiet down anytime soon, oil companies will continue to build new oil rigs to pump heavy oil. The equipment may change, but offshore employment will continue to grow.

Canada, USA, and Venezuela continue to sit on a considerable amount of oil from oil shale deposits - two trillion barrels of crude - more than all historical conventional crude and present reserves combined. The most famous of these oil shale deposits is the Green River Shale Formation encompassing the States of Colorado, Utah and Wyoming. It remains untapped, as the available technology today is still too crude and expensive. But with improving technology and continued depletion of conventional crude oil fields, it is just a matter of time before these oil shale fields start contributing jobs.

So where will all these oil company jobs and offshore employment opportunities be? According to a 2006 UK report on the energy sector, using data gathered from over 200 companies and major trade associations, there are major shortages in managerial, professional and technical staff. The lack of technicians, riggers, scaffolders, floormen and subsea engineers was highlighted. The same report mentioned that:

• 31,500 persons directly work for oil and gas companies and major contractors


• 223,000 persons work in the oil and gas supply chain


• 85,000 work in jobs created by spending from oil company employees - shops, restaurants, doctors, etc.

Certainly not all of this information holds true for the US and Canada in 2008 and beyond, but it is still food for thought. Not everyone needs to work as a roustabout for Shell. A little brainstorming will find you other jobs you can do in the oil and gas industry, e.g. oil refinery jobs.

As you can see, "peak oil" will not affect your offshore employment prospects or your ability to find oil company jobs. Of course, the equipment used on oil rigs will change and evolve, but that has been true since the 1900s.

About the Author

Are you looking for offshore employment? Click here to learn how RigWorker.com can help you to quickly and easily find offshore employment.

Know More About The Oil, Gas and Exploration Tech of Premier Energy Corp. by John Smith

Oil Tech:

Since Premier Energy Corp. have several properties that are currently working, and each field they are working is different. Petrophysical need the flexibility to approach each of the most effective way for that project. Among the processors are the basic Vshale calculator, simple and complex analysis of loamy sands, and lithology multimin. The correction of the editors includes the change in depth, reference change, the trend and the square patches, bug-splicing and the environment.

Premier Energy Corp. basically uses the latest computers, workstations, data communications networks and software applications to support the exploration of the company and production operations. These technologies of the Premier Energy Corp mainly support the seismic processing, modeling, interpretation, description, and reservoir simulation and information management.

Advanced display systems of the Premier Energy Corp enable computers to multi-property assets effectively and efficiently analyze large volumes of data. This allows the timely E & P decision-making, adding value through improved opportunities and risk avoidance. Advances in the computer-optimized to allow IT and software Power Log intensive image processing techniques. Premier Energy Corp.'s exploration operations use the numerical reservoir simulation for the management of its reservoirs.

Gas Tech:

Premier Energy Corp. gas development is a very ambitious program. AF, for example, Artisky-1 gas cap above the dome of the Premier oil reservoir is defined by the gas and condensate in the proof of Wells one hundred and twenty seven and one hundred and twenty nine wells. The test gas was deepest at 6500 feet TVDSS in the well 129, as well. The average thickness of this layer of gas is about fifteen feet approximately an area of seven hundred acres. The tank temperature was reported 110 degrees Fahrenheit at seven thousand one hundred and fifty eight feet TVDSS. Special Simulation models are also used simulator Premier Energy Corp. Specific challenges with gas / condensate development is being successfully managed using the simulation capabilities and geomechanical composition.

Exploration Tech:

Power Log Premier Energy Corp chooses to petroleum reservoir evaluation and development. Our team uses Power Log to assist in the correction and data analysis. Power Log offers processors and algorithms leaders, such as Archie, Waxman Smits, dual water and Juhasz. Power Log honors the original imported data automatically and does not bind key for recording data for processes based on user selection. The registration of Premier Energy Corp data is commonly available in a mixture of increases of between six inches and as little as 1 / 10 inch. Power Log honors these measures as well as deals with interpolation as well as extrapolation during the processing and production so as not have to. Both units and measures are maintained and do a test as true to the data as possible. For example, when MRI data as shown in the log header can be captured and fed directly associated with the process, so that when you need a correction of the parameter is already set.

The petrochemical analysis by its very nature is a highly visual, that's why the team of Premier Energy Corp. selects Power Log for well data analysis and interpretation. Petrophysics Power Log software supports a display during the interval of two multi publishing so they simply identify a range of soft and hard interval and its use to gauge the full record. Power Log can auto-normalize even if you have a number of wells that require the same situation.

The advanced interpretation capabilities of Premier Energy Corp enable you to calculate the clay content, porosity, and lithology as well as water saturation with various complex and simple litho logy of sand and clay modules.

About the Author

Premier Energy Corp also provides environmental corrections of all major timber companies like Halliburton, Schlumberger, Sperry-Sun and Baker Atlas.

Storage of Natural Gas in Depleted Natural Gas and Oil Fields by Mickey Horn

Natural gas is put in storage during the summer months when demand is lower for the upcoming winter season. Most of the natural gas is stored underground. In the United States most of the natural gas is stored in depleted oil and natural gas fields. There are a lot of these fields and they already have the infrastructure in place to accumulate the natural gas and the pipeline connections to distribute it. The most popular depleted fields are ones close to high usage areas. Not all fields are ideal for this natural gas storage.

Natural gas storage companies use depleted fields that are well sealed without a lot of compartments that can hold and release the gas efficiently. These fields are rock formations and despite the use of the latest technologies to inspect the formation gas can still escape into unforeseen areas where it can't be extracted. Advanced reservoir modeling, visualization and simulation techniques used in natural gas exploration and production are being used by some companies to better understand the field prior to storage.

One focus of research in natural gas storage management is on installing horizontal wells in existing storage fields. These horizontal wells increase the speed in which the natural gas can be injected and withdrawn from the field. This increased speed really helps on the delivery end as the gas can be delivered faster during high demand periods. The horizontal wells also reduce the number of wells needed to operate in a storage field.

About 13% of the natural gas used in the United States comes from storage facilities. There are around 400 storage reservoirs located predominantly near the major Eastern markets and middle of the country markets. There is almost 4 trillion cubic feet of storage capacity. There are three types of storage used for natural gas: depleted oil and gas reservoirs, salt caverns and aquifers. Depleted oil and gas reservoirs account for 87% of the total storage capacity, salt caverns 3% and aquifers 10%.

Pipeline companies are the main owners and operators of these storage facilities. These pipeline companies don't necessarily own the natural gas in storage. Most of this gas is leased by the distribution companies or the end users. The pipeline companies purchase the natural gas from oil companies like, Western Pipeline Corporation, and sell it to distribution companies or end users. Their storage facilities are used to hold this natural gas that has been sold or leased to these companies.

About the Author

Mickey Horn is the Executive VP of Investor Relations of Western Pipeline Corporation. Western Pipeline Corpspecializes in identifying, acquiring and developing existing, producing reserves on behalf of its individual clients.

Gas and oil Investment - Deciding on the Investment Avenues by Georgette Adanas

When an investor is considering an oil and gas investment avenue, he have to appear into the track record or the past efficiency of those options. If the investor wishes to invest within the shares of an gas and oil business , then he need to search for organizations which have the capability to pass extremely strict due diligence norms. This investment logic ought to be applied with other alternatives like operators and market partners too.

The investors ought to look for the finest corporations in the industry as creating investments. Businesses are termed as most beneficial if they have the capability of giving its investors their initial investment within one year of investment. Such companies wouldn't get into any oil drilling or exploration jobs that don't have the capability to give three occasions the returns to its investors. From brand-new wells, most of the companies are able to recover at the least 60 percent in the investment inside the first five years.

Investors need to have a "risk control model" in location, which implies that the investors need to choose oil and gas companies which not just have the capacity to tap into the distinct chances readily available but the organisations must also be able to diversify their risks and must give returns to its investors without having any default. All those companies in the oil and gas market which have a stable danger management technique have been able to fare superior than lots of its competitors. And all of these corporations are the ones which have been able to sustain a profitable track record more than the yrs. This disciplined approach does not mean that the corporation evades out sentiments in the investors totally . Yet it makes certain that the interests of the investors are given leading priority. Organizations that see the interest of its owners prior to something else are the ones who're typically able to supply a regular stream of returns to its investors and not let the investors shed their hard-earned money. Even in times of risky trends, such organizations would search for options and investment endeavors which would bring down the danger aspect as much as possible.

Investors who wish to stay invested within the gas and oil business ought to not stick to a specific approach of investing and need to alter their plans as and when the require arises or when the trends in the market adjustments. Rick is actually a critical component of every single type of organization and oil and gas investment is no exception to that.

About the Author

Georgette Adanas has been writing articles or reviews on oil and gas investment since 2001.

Natural gas and Oil well News across the United Kingdom by Lexington

The natural gas revolution has just embarked on in the United Kingdom; the Cuadrilla Resources started its drilling venture sited at the Blackpool tower, the Blackpool tower is four miles away from the Cuadrilla Resources. An examination is performed and a comparison is done between the geological reports of the Dorset and the Isle of Wight with the large yielding Barnett shale, of the Texas. The general manager of the operations group of the Cuadrilla Resources Mark Miller told that, it consists of natural gas and they are planning to extract those resources at cheap rate and the company will take necessary measure to extract it.

A novel deep water drilling projects near the Shetland Islands was granted permission by the Government against the legal dispute with Greenpeace. The Department of Energy and Climate Change is to ready to declare its opinion about the deep water drilling venture and the group of environmentalist are afraid because of the disasters that took place in the Gulf of Mexico. The Chevron, the United States based company will stand first for getting permissions to explore the oil wells and when the officials of the Department of Energy and Climate Change has raised questions about the decisions made by the Government.

The Greenpeace began a fresh campaign with the help of the swimmers to take immediate actions over the Chevron-chartered ship. Stena Carron, in an auction declared to, put an end to its journey towards the Shetlands, Shetlands is the place hoped to be drilled on the Lagavulin prospect. Ben Ayliffe, the spokesperson of the Greenpeace declared that they are going to stretch the campaign against the administration of the David Cameron and they are marching towards the court to get a judicial review. Ben Ayliffe condemns the government's decision, the government has furnished fresh permits for drilling and he claims that the government has to be more cautious and should learn about the disasters in the Gulf of Mexico before making any decision regarding deep water drilling.

The recent news in the United Kingdom is about the permission granted to the Chevron by the Chris Huhne, the Secretary of State for the for Energy and Climate Change for the United Kingdom. It has received more than 16 thousand emails regarding the risky oil spill that took place in the Gulf region recently and huge protests was taking place against the government's decision, for permitting the Chevron for deep water drilling. George Monbiot, the Secretary of State for Climate Change in the United Kingdom told that, measure should be taken to find out new oil and he stressed that they could not afford to burn the oil.

About the Author

Listings and ranking of Oil wells and natural Gas wells is available in Natural gas news. The revolutionary news on the natural gas and oil wells are found in this website.