This seminar will teach participants how to identify, evaluate, and quantify risk and uncertainty in everyday oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The seminar also briefly reviews statistics, the relationship between risk and return, and hedging and future markets. Strategic thinking and planning are key elements in an organisation’s journey to maximise value to shareholders, customers, and employees. Through this workshop, attendees will go through the different processes involved in strategic planning including the elements of organisational SWOT, business scenario and options development, elaboration of strategic options and communication to stakeholders.
SPE is educating the next generation of aspiring engineers, scientists and managers about the oil and gas industry. This is an opportunity for school students in grades 9–12, studying Mathematics, Physics, Chemistry, Geography or interested in Petroleum Engineering are invited to join SPE members from all over the globe to discover the world of Petroleum Engineering. School teachers are invited to bring a group of 10–15 students. Students will be treated to a range of hands-on activities and presentations from renowned engineers. The oil price outlook coupled with the response of each oil and gas company to make ends meet has led to severe exploration budget cuts.
Green fields today mostly can be regarded as marginal fields and successfully developed. It covers the complete assessment of the oil and gas recovery potential from reservoir structure and formation evaluation, oil and gas reserve mapping, their uncertainties and risks management, feasible reservoir fluid depletion approaches, and to the construction of integrated production systems for cost effective development of the green fields. Depth conversion of time interpretations is a basic skill set for interpreters. There is no single methodology that is optimal for all cases. Next, appropriate depth methods will be presented. Depth imaging should be considered an integral component of interpretation. If the results derived from depth imaging are intended to mitigate risk, the interpreter must actively guide the process.
Africa (Sub-Sahara) A drillstem test was performed on the Zafarani-2 well--located about 80 km offshore southern Tanzania. Two separate intervals were tested, and the well flowed at a maximum of 66 MMscf/D of gas. Statoil (65%) is the operator, on behalf of Tanzania Petroleum Development Corporation, with partner ExxonMobil Exploration and Production Tanzania (35%). The FA-1 well--located in 600 m of water in the Foum Assaka license area offshore Morocco--was spudded. The well targets Eagle prospect Lower Cretaceous resources. Target depth is 4000 m. Kosmos Energy (29.9%) is the operator, with partners BP (26.4%),
Africa (Sub-Sahara) Sahara Group discovered hydrocarbons in three wells drilled in Block OPL 274, located onshore in Nigeria's Edo State. Olugei-1 was drilled to a measured depth of 4537 m and encountered five hydrocarbon zones, with 33 m of net pay. Oki-Oziengbe South 4 was drilled to a measured depth of 3816 m and encountered 64.3 m of net pay in 13 hydrocarbon-bearing zones. Oki-Oziengbe South 5 was drilled to a measured depth of 3923 m and encountered 91 m of net pay in 19 reservoirs. Sahara Group (100%) is the operator. Asia Pacific Sino Gas & Energy Holdings (SGE) flowed gas (coalbed methane) from its first horizontal well in the Linxing production sharing contract (PSC) in China's Shanxi province.
Decisions in E&P ventures are affected by Bias, Blindness, and Illusions (BBI) which permeate our analyses, interpretations and decisions. This one-day course examines the influence of these cognitive pitfalls and presents techniques that can be used to mitigate their impact. Bias refers to errors in thinking whereby interpretations and judgments are drawn in an illogical fashion. Blindness is the condition where we fail to see an unexpected event in plain sight. Illusions refer to misleading beliefs based on a false impression of reality.
Emulsions are always a drain on the operating budget. It is almost impossible to eliminate emulsions during crude production; however, emulsion problems can be reduced and optimized by following good operating practices. The following points should be included in operating practices. Chemical-Demulsifier Development Based on Critical-Electric-Field Measurements. Husveg, T., Bilstad, T., Guinee, P.G.A. et al. 2009 A Cyclone based Low Shear Valve for Enhanced Oil-Water Separation.
Selecting the best tool for a specific type of reservoir condition is a crucial part of a fluid sampling job. Moreover, uncertainty in sample quality increases when the fluid phases are miscible. On a recent logging job, a formation tester was used to acquire water samples across a zone drilled with water-base mud (WBM). We examine the performance of several probe configurations (both existing and prototype) under equivalent reservoir conditions to quantify and optimize filtrate cleanup efficiency. The study is carried out using a compositional simulator for a water-saturated reservoir invaded with blue-dye tracer included in WBM filtrate.
History matching of field measurements allows the calibration of the model for further modification to account for a variety of reservoir conditions. Complex tracer dynamics of a blue-dye WBM invading a water-saturated formation and fluid pumpout are accurately and expediently modeled using a flexible numerical algorithm to account for different probe types and tool configurations. Under normal operating conditions, the chosen formation tester would have taken around one hour to clean the filtrate contamination to a target value of 5%. On the other hand, the best choice was the Focused Elliptical Probe, for which fluid cleanup would take less than 40 minutes. Additionally, a different tool configuration with a combination of multiple probe geometries spaced radially around the tool would provide faster cleanup times of only 32 minutes, thereby saving rig time.
We rank eight formation testing tools designs under equivalent reservoir conditions. The examples highlight the importance of probe geometry and configurations together with reliable and expedient numerical modeling during the pre-job phase to reduce cleanup time in anticipation of complex reservoir conditions. Furthermore, numerical simulations compare the fluid cleanup efficiency for various commercial formation-testing probes together with innovative probe designs that could potentially lead to a new tool or probe development. Perfecting both probe geometry and fluid pumping schedule is the most important output of our study.
One of the main uncertainties when designing polymer floods is the polymer injectivity, an important parameter that can affect the economics of the process. Reservoir simulation can be used to forecast injectivity, but the process is not straightforward and can be affected by grid size and other factors. Analytical methods are also available for that purpose, but they are considered too simplistic to deal with realistic reservoir conditions. The aim of this paper is to show that this is not the case and that simple analytical tools can be accurate and of great help to predict or history match polymer injectivity.
The analytical method has been developed by Lake in his classical textbook on Enhanced Oil Recovery, but few applications are documented in the literature. This paper will review the method and corresponding equations before presenting several actual field cases of injectivity in polymer flood pilots or tests from several countries that have been matched analytically.
Although it has not been used very often, the method has been found to give very good results in most of the field cases tested in a variety of situations; these cases will be presented along with recommendations on how to apply the method and a discussion of the results. Sensitivities to the various parameters will also be presented. Once the equations are programmed in a spreadsheet, the matching process takes only a few minutes and it is easy to run various scenarios and sensitivities.
Polymer injectivity remains one of the less understood and less predictable aspects of polymer flood projects. This paper will encourage engineers who are planning such projects to use simple yet accurate analytical tools before embarking in more complex and time-consuming reservoir simulations.