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TECHNICAL CHAT

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HOW GEOPOLITICAL AFFECTIONS IMPACT THE PRICE OF A BARREL OF OIL

Eng. Hugo Contín

June 17, 2024
7:30 pm VET

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Ecopetrol boosts its gas dominance in the Caribbean with the success of drilling in Orca Norte-1

Ecopetrol, the leading hydrocarbon exploration and production company in Colombia, has reached a significant milestone with the successful completion of drilling the Orca Norte-1 well in the Caribbean. This project, 100% operated by Ecopetrol under the most rigorous industry standards, has demonstrated exceptional performance by being completed in a record time of 38 days, with a remarkable efficiency of 3.7 days per 1,000 feet drilled and non-productive time. 7%, figures that highlight its operational excellence worldwide.

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The discovery at Orca Norte-1 has exceeded expectations by revealing the presence of two gas accumulations in different reservoirs, adding a new level of complexity and richness to the commercial viability assessment. This achievement adds to Ecopetrol's list of exploratory successes in the Colombian Caribbean, including Gorgon-2 ST2, Uchuva-1 in 2022, and Glaucus-1 in 2023, thus consolidating the company's position as a pioneer in sustainable development and responsible for energy resources.

The execution of the Orca Norte-1 project not only highlights Ecopetrol's technical prowess in deepwater drilling, but also the effective application of international standards and industrial safety practices.

 

The vital information obtained from the subsoil during the delimitation of the target and the identification of new intervals of exploratory interest reinforce Ecopetrol's commitment to innovation and technological advancement in the search for key gas resources for the economic development of the country.

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Did you know?

PETROLEUM DERIVATIVES

Gasoline is known to be a product derived from petroleum. What some do not know is that he is not the only one. Many products that we consume on a daily basis depend on hydrocarbons, their supply and demand is affected by their prices. 

Our toothbrush, the bitumen with which we polish our shoes, the tires of our car, the lycra of our sports suits, plastics, fibers or Vaseline; are some of the hydrocarbons or petrochemicals that are present in our day to day.  

 

Petroleum derivatives come from its refining, in which it can reach up to 400 degrees Celsius. A barrel of oil is equivalent to 159 liters, of which 10.8% goes to gasoline and 46.1% to diesel. The remaining percentage corresponds to the manufacture of articles with which we live and make possible the current development.

 

Lubricants, used for the production of oils, fats and gels; petroleum coal, with which carbon fiber or graphite is obtained; and synthetic fabrics that replace cotton; They are other oil derivatives that accompany the daily life of citizens. Just like the asphalt for the roads that connect us and the gas for our homes and industry.

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Technical Talks

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APPLICATION OF GELS FOR WATER CONTROL IN OIL WELLS

MSc. Oscar Rausseus

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MARKETING IN THE INDUSTRY OF
HYDROCARBONS

Ing. José Hugo Contín

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UNDERSTANDING HOW IT WORKS

OF THE TRIPLEX PUMP

Ing.  Jaime Ciscar

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IMPACT OF ENHANCED RECOVERY IN OIL FIELDS

Ing. Evelyn Quintero

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CYBER RISKS IN THE OIL INDUSTRY UNDERSTANDING EMERGING THREATS

PhD. Ramón Perdómo

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MODERN APPLICATIONS OF TOPOGRAPHY AND GEODESY IN BASIC INDUSTRIES

PhD. Melvin Hoyer

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HOW DO I DESIGN AND BUILD AN OIL WELL?

MSc. Gustavo Suarez

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IS THE DILUTION OF EXTRA HEAVY CRUDE OILS A GOOD OPTION FOR TRANSPORTING THEM?

MSc. Jose Gregorio Tovar

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NANO PARTICLES FOR THE TRANSPORT OF
HEAVY CRUDE OILS

MSc. Jose Gregorio Tovar

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USE AND ABUSE OF MULTICOMPONENT SEISMIC IN LA  CHARACTERIZATION OF HYDROCARBON RESERVOIRS

MSc. Javier Antonio Perez Arredondo

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Short Technical Paper

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SPACING OR ARRANGEMENT BETWEEN OIL WELLS

FROM GEOLOGY

MSc. Miguel Marquina

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GEOLOGICAL FACTORS AFFECTING THE SUCCESS OF

WELLS DRILLED ON ACTIVE MARGINS

MSc. Miguel Marquina

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HAVE WE REACHED THE “PEAK OIL”?

WHAT TO DO WITH OUR MATURE FIELDS?

MSc. Miguel Marquina

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DEFINITIONS TO TAKE ADVANTAGE OF HYDROCARBON RESOURCES IN THE RESERVOIR- GEOLOGICAL MODEL

MSc. Jose Gregorio Tovar

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PROJECTS TO BUILD, FINISH OR REPAIR WELLS THAT PRODUCE HYDROCARBONS - PLANNING

MSc. Jose Gregorio Tovar

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DEFINITIONS TO TAKE ADVANTAGE OF HYDROCARBOR RESOURCES IN THE SUBSOIL. DISTRIBUTION OF FORCES IN THE SUBSOIL AND EQUILIBRIUM WITH THE DRILLING FLUID

MSc. Jose Gregorio Tovar

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TYPES OF HOLES IN A PRODUCING WELL
HYDROCARBONS

MSc. Jose Gregorio Tovar

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