On the economic impact of wax deposition on the oil and gas industry
Partial and total blockages due to wax deposition in wells and pipelines gather consensus as a billion-dollar problem in the oil and gas industry. However, an exact quantification is still required for production shifts towards heavy and paraffinic oils, extreme climate regions, and ultra-deep offsh...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2022-12-01
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| Series: | Energy Conversion and Management: X |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2590174522001143 |
| _version_ | 1811207647963119616 |
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| author | Ana M. Sousa Tiago P. Ribeiro Maria J. Pereira Henrique A. Matos |
| author_facet | Ana M. Sousa Tiago P. Ribeiro Maria J. Pereira Henrique A. Matos |
| author_sort | Ana M. Sousa |
| collection | DOAJ |
| description | Partial and total blockages due to wax deposition in wells and pipelines gather consensus as a billion-dollar problem in the oil and gas industry. However, an exact quantification is still required for production shifts towards heavy and paraffinic oils, extreme climate regions, and ultra-deep offshore oilfields. Motivated by such a problem, this research endeavour developed a case-specific methodology for assessing the economic impact at stake based on state-of-the-art methodologies. It is deemed to perform meta-analyses upon the current scientific and technical literature. It has been found that the economic impact of wax deposition has an expected value of 47.62 billion USD/year and may oscillate between 14.74 and 330.59 billion USD/year. Moreover, the upper bound is deeply influenced by the costs of potential environmental impacts, with a trend for assuming new record values with each new significant spill. |
| first_indexed | 2024-04-12T04:06:59Z |
| format | Article |
| id | doaj.art-0a4b1673650044d0ac4f459ef8fa800b |
| institution | Directory Open Access Journal |
| issn | 2590-1745 |
| language | English |
| last_indexed | 2024-04-12T04:06:59Z |
| publishDate | 2022-12-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Conversion and Management: X |
| spelling | doaj.art-0a4b1673650044d0ac4f459ef8fa800b2022-12-22T03:48:35ZengElsevierEnergy Conversion and Management: X2590-17452022-12-0116100291On the economic impact of wax deposition on the oil and gas industryAna M. Sousa0Tiago P. Ribeiro1Maria J. Pereira2Henrique A. Matos3CERENA, Instituto Superior Técnico, Universidade de Lisboa, Av. Rovisco Pais 1, 1049-001 Lisboa, Portugal; Corresponding author.Tal Projecto, Av. Infante Santo 70, 1350-180 Lisboa, PortugalCERENA, Instituto Superior Técnico, Universidade de Lisboa, Av. Rovisco Pais 1, 1049-001 Lisboa, PortugalCERENA, Instituto Superior Técnico, Universidade de Lisboa, Av. Rovisco Pais 1, 1049-001 Lisboa, PortugalPartial and total blockages due to wax deposition in wells and pipelines gather consensus as a billion-dollar problem in the oil and gas industry. However, an exact quantification is still required for production shifts towards heavy and paraffinic oils, extreme climate regions, and ultra-deep offshore oilfields. Motivated by such a problem, this research endeavour developed a case-specific methodology for assessing the economic impact at stake based on state-of-the-art methodologies. It is deemed to perform meta-analyses upon the current scientific and technical literature. It has been found that the economic impact of wax deposition has an expected value of 47.62 billion USD/year and may oscillate between 14.74 and 330.59 billion USD/year. Moreover, the upper bound is deeply influenced by the costs of potential environmental impacts, with a trend for assuming new record values with each new significant spill.http://www.sciencedirect.com/science/article/pii/S2590174522001143Meta-analysisWax depositionEconomic impact assessmentDeferred productionSectional blockageEnergy |
| spellingShingle | Ana M. Sousa Tiago P. Ribeiro Maria J. Pereira Henrique A. Matos On the economic impact of wax deposition on the oil and gas industry Energy Conversion and Management: X Meta-analysis Wax deposition Economic impact assessment Deferred production Sectional blockage Energy |
| title | On the economic impact of wax deposition on the oil and gas industry |
| title_full | On the economic impact of wax deposition on the oil and gas industry |
| title_fullStr | On the economic impact of wax deposition on the oil and gas industry |
| title_full_unstemmed | On the economic impact of wax deposition on the oil and gas industry |
| title_short | On the economic impact of wax deposition on the oil and gas industry |
| title_sort | on the economic impact of wax deposition on the oil and gas industry |
| topic | Meta-analysis Wax deposition Economic impact assessment Deferred production Sectional blockage Energy |
| url | http://www.sciencedirect.com/science/article/pii/S2590174522001143 |
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