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Drilling components of a new family of well manufacturing devices developed by Shell are being tested. Ultimately these parts will be placed on specialized mobile units built 46 by a joint venture with China National JPT Petroleum - JANUARY Corp. 2013 hen Gerald Schotman Shell's chief The goal is always "change that creates "You have to get back to the fundamentals Another departure is the plastic The long list of things to do represents to make it a business," Schotman pipes needed to drain the water from large investments of money and said. "With these types of plays the fields to allow the gas flow. Plastic time, which Schotman says could be there are specific cost challenges…. There are things that do not work well response to the needs of mining companies "As it happens, some of the research for these plays."
Company Profile Series - This is the latest in a series of profiles of leading operators, including key international and national oil companies, around the globe. The focus is on the company's strategic direction, relationship to its government, major upstream activity, and significant technology challenges and applications.
Royal Dutch Shell stands among the very largest international oil and gas companies (IOCs) by any measure. The most recent Fortune Global 500 ranked Shell as the world’s largest energy and second largest publicly traded company by revenues. Figures and rankings fluctuate from year to year, but few corporate names, if any, are more widely known worldwide, and the company’s shell symbol—the pecten, as it is precisely called—is surely one of the most recognized logos around the globe.
Shell has reserves of 12.4 billion BOE, consisting of 4 billion bbl of crude oil and natural gas liquids (NGLs) and 49.1 Tscf of natural gas. Shell in 2009 produced nearly 1.6 million B/D of oil and NGLs and 8.5 Bscf/D of natural gas, along with 80,000 B/D of synthetic crude and 19,000 B/D of bitumen. The company reported income of USD 12.7 billion in 2009 on revenue of 278.2 billion. Shell has 101,000 employees and conducts business operations in more than 90 countries.
Based in The Hague and incorporated in England and Wales, Shell has its roots in the United Kingdom and the Netherlands.
“Shell” Transport and Trading was founded in 1897 by merchant Marcus Samuel in London, an outgrowth of a successful export-import business started in 1832 by his father, also named Marcus Samuel. During a trip to the Caucasus and Japan in 1890, the younger Samuel first recognized the potential of trading lamp oil from Baku, Russia, to the Far East and while by the Black Sea saw a very primitive bulk tanker. Vessels that could carry oil in bulk tank-age, he reasoned, would be far more efficient than the oil tankers of that day, which carried barrels that took up extra hold space, added weight, and were prone to leak.
The future of oil and gas exploration depends on rocks such as carbonates and shale that can be described as tight, complex, nearly impermeable, and even stubborn. On the production side, the goal has long been to get more of the oil out of the ground, but recovery percentages have hardly budged.
The search to better understand the inner workings of these rocks that challenge traditional laboratory testing has led to a new approach known as digital rock physics. It is a technological hybrid drawing on fields ranging from medical testing to microchip production. By marrying computerized tomography (CT) and other X-ray scanning technologies, pioneers in this emerging field are creating 3D images showing the internal structure—including pore spaces and how they connect—as well as the minerals and organic matter within.
Digital rock physics providers promise faster, better, lower-cost analysis. The potential payoffs could include wells targeting the most productive rock, more effective well completions, and simulations speeding the development of enhanced oil recovery (EOR) techniques.
The graphics are stunning. The attention to detail is exacting. But using imaging to directly measure reservoir properties is still a work in progress. Getting a clear look at the smallest details in some rocks requires scanning samples that are measured in microns. Finding ways to accurately scale up this data to provide telling details about a formation will define the future of this young business.
The oldest of the three fast-growing companies selling digital rock physics services for exploration and production (E&P) goes back four years. Even the name “digital rock physics” is not set in stone. The growth in demand is in difficult formations such as shale and carbonates, and for simulating EOR projects that are hard to analyze using traditional means. Chevron, Shell, Statoil and Schlumberger are among the users.
At Chevron Energy Technology Company, the digital rock work is led by Jairam Kamath, who organized a SPE forum to consider the future use of this technology. “The more you work with it, the more you are convinced,” he said. “It took me a couple years, but I am convinced this is how we will be doing business five or 10 years from now.”
Shell is working with Schlumberger on a digital rocks project. It is one of many research projects at Shell seeking new ways to increase the output from aging fields. “I do believe there are large opportunities” there, said Gerald Schotman, chief technology officer of Shell. He described it as a way to deal with anomalies, when indicators such as the production history are out of line with predictions by the reservoir model.
This year’s Offshore Technology Conference (OTC), held 6-9 May in Houston, reflected the offshore oil sector’s health and energy, with attendance hitting a 30-year high and the event attracting top industry names from around the world. The globe’s largest offshore industry event attracted 104,800 people, the second highest in show history and up 17% from last year. Exhibitors represented 40 countries.
Panel sessions, keynote speeches, and technical papers spanned the breadth and depth of the oil and gas industry.
At one panel session, energy ministers and national oil company senior executives shared their perspectives on how the industry should adjust to address energy challenges as well as how the role of companies and governments should change to shape the future. The panel was moderated by Gamal Hassan, chief executive officer of ADHIG and OTC Program Chairman.
The panel began with Jose de Vasconcelos, Angola’s Minister of Petroleum, who highlighted the connection between the need for energy and economic and social development. The industry faces many challenges in the quest to obtain energy security, which he defines as an equilibrium between supply and demand. Several challenges must be addressed to meet production needs: technologic, environmental, regulatory, and financial. Angola, he said, will maintain a permanent dialog with other producers to develop a common approach on energy and energy-related issues.
David Ramsay, Minister of Industry, Tourism, and Investment, Northwest Territories, Canada, said that the role of government is to ensure that resources are “developed in a manner that brings economic development while ensuring the environment and its benefits” and at the same time working with industry and regulatory agencies to achieve this. Ramsay said that there is a renewed interest in the Arctic and northern Canada with opportunities onshore and offshore. The Canadian government is building infrastructure to assist in the transportation of fuels.
Petrobras Chief Executive Officer Maria das Gracas Silva Foster said that exploration is a priority, and major investments that have been sustained over several years have resulted in the development of a diversified and competitive goods and services. Petrobras has benefited from a close association with universities to facilitate research in exploration and development, and the recent major discoveries as well as monetization of these reserves are a direct result of the investments in research and universities.
This year's Offshore Technology Conference (OTC), held 6-9 May in Houston, reflected the offshore oil sector's health and energy, with attendance hitting a 30-year high and the event attracting top industry names from around the world. The globe's largest offshore industry event attracted 104,800 people, the second highest in show history and up 17% from last year. Panel sessions, keynote speeches, and technical papers spanned the breadth and depth of the oil and gas industry. At one panel session, energy ministers and national oil company senior executives shared their perspectives on how the industry should adjust to address energy challenges as well as how the role of companies and governments should change to shape the future. The panel was moderated by Gamal Hassan, chief executive officer of ADHIG and OTC Program Chairman. The panel began with Jose de Vasconcelos, Angola's Minister of Petroleum, who highlighted the connection between the need for energy and economic and social development.