TWA Article Current Outlook for Oil and Gas Megaprojects: A Discussion 

Even with oil and gas prices at historical lows, top quality resources continue to be developed to meet the global demand of approximately 91 million B/D of oil and 332 Bcf/D of natural gas. TWA Forum Section Editors Craig Frenette, Samuel Ighalo, Winston Kosasi, and Rodrigo Terrazas interviewed experts from a diverse set of project types and discussed the development of the projects in the current economic context. Logan Popko, manager of asset development at Cenovus Energy speaks on the Christina Lake oil sands project; Ron Dusterhoft, technology fellow for production enhancement at Halliburton, talks about unconventional shale assets; Pete Hagen, general manager, commercial, at Chevron Australia, shares his insight on the Gorgon and Wheatstone liquefied natural gas projects; and Daniel Picard, special adviser to the director of the Libra Project, Petrobras (on secondment from Total), focuses on the offshore pre-salt megaproject, Libra, in Brazil. Logan Popko (LP): Despite the recent surge in oil supply from US tight oil plays and international production, high-quality, large volume resources continue to be scarce across the world and I believe that development of the Canadian oil sands will be critical to meeting the world's increasing energy demand. The technology we apply at the Christina Lake oil sands project is called steam-assisted gravity drainage (SAGD). It involves drilling horizontal wells to target a resource that is too deep to mine and then injecting steam into it to mobilize oil that can be as hard as a hockey puck at initial reservoir conditions.

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