Study Group: Oilfield Equipment Experts

Council Members in this Study Group: 159

This study group may include experts knowledgeable on topics such as aerospace & defense, building materials, chemicals, construction, oil & gas, timber & forest products, utilities & power generation, mining, agriculture, industrial equipment and transportation, among others.

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Leading Experts in this Study Group

Dennis Fagerstone

Consultant
Dennis Fagerstone

Dennis Fagerstone is an independent consultant in the oil and gas industry. Prior, Mr. Fagerstone was an Executive Vice President of International Operations at Pioneer Natural Resources. He began as Executive Vice President following the August 1997...

James Ritter

Project Manager - Major Offshore Capital Projects
CHEVRON CORPORATION

James Ritter is a Project Manager for Offshore major capital projects at Chevron. Mr. Ritter is currently responsible for construction and installation of the South Nemba Aux Platform Project in Angola, West Africa. He has experience in design, installation,...

Robert Hinkel

Chief Operating Officer
Elang Energy

Robert Hinkel is the President and Chief Operating Officer of Elang Energy, a two-year old start-up exploration and production company with operations in the Asia-Pacific region, South America and US. Previously, he was the President and Chief Executive...

Jens Rasmussen

Owner
Raza Service

Jens Rasmussen is the Owner of Raza Service. Mr. Rasmussen has 28 years of professional experience in the marine and offshore industry. He is site manager for Floatel International's newbuilding of two deep water semisubmersible accommodation units in...

Michael Lynch

Consultant
Michael E. Lynch

Michael Lynch is an independent consultant specializing in providing consulting services in the oil and gas industry. Mr. Lynch provides consultancy on reservoir engineering, reserves estimation, production forecasting, and redevelopment planning for...

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GLG News^SM Analyses by this Study Group's Leading Experts (?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

Petrobras has potential to corner latin American LNG market

November 20, 2009

Analysis by:Michael Lynch, Consultant,

Analysis of:40 TCF Gas Recoverable from 3 Brazilian Oil Fields | www.rigzone.com

A spokesman for BG Group said that 40 trillion cubic feet of natural gas can be recovered from Tupi, Iara and Guara oil discoveries offshore Brazil. The three fields contain between 9.1 and 14 billion barrels of oil equivalent. They will transform Brazil into a major oil exporter in the next decade. Confirmation of sizeable gas reserves will quadruple Brazil's proven reserves. The natural gas could be used for domestic power generation. Last week Sao Paulo suffered a major electric blackout.

Marginal oil and gas operations disappearing in wake of financial downturn

November 19, 2009

Analysis by:Michael Lynch, Consultant,

Analysis of:Chevron Drops Plans for Inlet Exploration | www.rigzone.com

Chevron announced that it is dropping a program to develop more oil from aging Cook Inlet. The production workforce will be reduced by 10 percent. A statement issued by the company cited "difficult economic conditions." The company will continue to operate some platforms. Chevron said the Cook Island business would contract because of production declines, high lifting costs, financial issues and volcanic activity. Total oil production from the region is 8,500 bbl/day.

Devon looks at hole card, decides to consolidate operations

November 17, 2009

Analysis by:Michael Lynch, Consultant,

Analysis of:Devon Divests All GOM, International Assets | www.rigzone.com

Devon Energy plans to reposition itself as a high-growth North American onshore company. It will divest all Gulf of Mexico and international assets. Proceeds of the sales will be used to pursue opportunities in the U.S.A. and Canada and to reduce debt. The company will open data rooms and commence divestiture in the first quarter of 2010. Process to be completed by year end 2010. Then, Devon will deliver growth funded entirely with internally generated funds.

OXY et al to redevelop 67 year old Awali oil field on Bahrain Island

November 15, 2009

Analysis by:Michael Lynch, Consultant,

Analysis of:OXY Forms Joint Co. to Further Develop Bahrain Field | www.rigzone.com

Occidental Petroleum Corporation, Mubadela Development Company and the National Oil and Gas Authority of Bahrain announced the creation of an operating company under a production sharing agreement signed in April of 2009. The joint company named Tatween Petroleum will begin work immediately. Composition of the redevelopment team will be mainly ex-Bahrain Petroleum Company employees. The revitalization of this old field represents a paradigm shift for the oil industry on Bahrain Island.

Exxon to redevelop Upper Zakum on the cheap

November 13, 2009

Analysis by:Michael Lynch, Consultant,

Analysis of:Exxon Sees Major Cost Savings on Abu Dhabi Oil Field | www.rigzone.com

Exxon Mobil expects to save billions of dollars at massive Upper Zakum oil field in the Persian Gulf. Instead of setting many steel platforms, Zadco (Exxon Mobil, Inpex and Adco) will build artificial islands from which to drill new wells. Zadco plans to increase production to 750,000 bbl/day by 2015. Zakum oil field comprises both Upper and Lower zones and is the second-largest field in the Persian Gulf. The project is on track for award of production facilities in late 2010.

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Members in this Study Group include these company types:

Consulting Firm (ei)
E&P Company (ei)
Oilfield Equipment Distributor (ei)
Oilfield Equipment Manufacturer (ei)
Oilfield Service Company (ei)
Exploration Company (ei)
Drilling contractor (ei)

Members in this Study Group often have these job titles:

Consultant
Principal
Engineer
Owner
Project Manager
President
General Manager
Director
Chief Executive Officer
Sales

Related Study Groups

Study Group Name	No. Members
Drilling Rig Experts	409
Offshore Drilling Rig Experts	199
Council Members Knowledgeable on Jackup Drilling Rigs	152
Oil and Gas Well Drilling Experts	209
Natural Gas Experts (North America)	265
Oil and Gas Industry Experts (Gulf of Mexico)	115
Semi-Submersible Drilling Rig Experts	87
OCTG Experts	125