New technologies for mature fields

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Wednesday, March 16, 2011, London, The Geological Society

Our March 16 London Forum presents exciting new technologies with promise to help revitalise mature fields and point the way to improving production. These include in-well automation tools; using fibre-optics in wells as listening devices; strengthening wellbores in older fields; figuring out which EOR technology will help on which of your wells, and a financial analyst’s view of profitability of EOR projects to date.

Introduction from conference chairman David Bamford: There is an old adage which runs "The best place to look for oil is in an oil field".

Forties Field in the North Sea is perhaps the best example of a mature field being kept going by innovative petrotechnical folk, armed with the right technologies.
When production from Forties commenced in 1975, it was predicted that the field would stop producing by the early 1990’s. In 1990, it was expected to be shut down by the year 2000. Yet now, over forty years since it was first discovered, the Forties Field is still producing, the recoverable reserves have increased by 35% since the start of production, even though the area of the field as defined by the oil-water contact has remained approximately the same. Plateau production of 500 Mbopd was reached in 1978, lasting until 1981, and progressively declining to 77 Mbopd in 1999. At this point the field had already produced 2.5 Bbo and still had nearly 60 producing wells. With production down to 35 Mbopd, BP sold the Forties field in 2003. It had been such an iconic field for UK North Sea exploration that some commentators likened this to ‘selling off the family silver’. The purchaser, Apache, initiated an intensive re-evaluation of the field and found a further 800 million barrels. By undertaking various efficiency measures and installing new equipment, it has brought new life to the field which is now producing 70 Mbopd and is expected to be still pumping oil for the next twenty years.

Broadly speaking, we can divide the technologies that can help other fields be similarly transformed into two, namely those to do with the reservoir and wells, and those to do with the top-sides:

Reservoir and Wells:
Themes include:

a) Recognising where there are reserves of undeveloped or unswept hydrocarbons - key technologies are reservoir monitoring (using 4D seismic/permanent seismic monitoring), production monitoring, reservoir simulation, history matching.
b) Mobilising these reserves towards the well bores - key technologies include fraccing, enhanced recovery mechanisms (WAG, water floods, CO2 floods etc).
c) Moving these mobile hydrocarbons into and along the well bores - completion, pumping and flow monitoring technologies are key.

Top-sides:
The broad themes are improving operational efficiency (including 'debottle-necking'), monitoring and improving operational integrity, safety and cost reduction.

The Digital Oil Field then provides an enabling framework in which these key technologies can be deployed for optimal efficiency and effectiveness - key technologies include automation and collaborative working environments.

This March 16th Forum is the first of a series that will focus on these themes.

Agenda

9:00 Registration & Coffee and Tea

9:30

David Bamford - Director - Finding Petroleum

Welcome and Introduction

Talk Description.
Introduction

By David Bamford

David Bamford is well known around the oil & gas industry both as an explorer and a geophysicist. He holds a Physics degree from the University of Bristol and a Ph.D in Geological Sciences from the University of Birmingham.

Since 2004, he has been a non-executive director at Tullow Oil plc, being recruited for this position especially for his exploration knowledge. He serves on the Nominations and Remuneration Committees, and was chairman of the latter, and Senior Independent Director, for 3 years prior to his retire from the board at the end of April 2014.

He was on the board of Premier Oil from May 2014 to May 2016.

He retired from BP plc in 2003, his last four positions being Chief Geophysicist (1990-1995), Business Unit Leader (General Manager) for first West Africa and then Norway (1995-1999), and finally Head of Exploration until 2003.

He has served on the boards of Paras Ltd, a small exploration and IS/IT consulting company in which he held 22% equity, until its sale to RPS Energy in 2008 and Welltec a/s, a Danish well engineering company, as the nominee of the private equity investor Riverside.

From 2012 to 201 he was on the board of ASX-quoted Australia Oriental Energy as a non-executive director.

He was a founder of Richmond Energy Partners, a small oil & gas research house, and several media companies that focus on the oil & gas sector, and has served as an advisor to Alliance Bernstein, Opus Executive, the Parkmead Group plc, and Kimmeridge Energy LLP. Since retiring from BP, he has undertaken asset and company valuation projects for investment banks, hedge funds and small oil companies.

Finding Petroleum
Finding Petroleum was established to help the oil and gas industry network, and stay up to date on the latest technological developments. It does this via hosting regular events and with an online social network of nearly 10,000 members.
9:40

Jorgen Hallundbaek - CEO - Welltec

Increasing the production rates


Mr. Hallundbæk founded Welltec in 1994 – materializing a vision that since has transformed the way the oil and gas sector operates by introducing technology which enhances the recovery rate and least lowers the environmental risk and impact compared to traditional technology.

With great success Mr. Hallundbæk has developed the business from a minor subcontractor into a direct contractor to the world’s leading oil and gas companies.

Mr. Hallundbæk still plays an active role in the development of new technology and has authored many SPE papers.

The environment is highly prioritized by Mr. Hallundbæk, which is why he from the start has designed all Welltec’s technologies around principles that safeguard the environment.

Mr. Hallundbæk holds an MSc in Engineering, Naval Architecture from the Technical University of Denmark.

Welltec
Welltec design and manufacture advanced technology for both onshore and offshore wells. Welltec's technology provides certainty of execution in the most extreme well environments including in, among others: deepwater, subsea, extended reach, high-yield, heavy oil and unconventional gas wells. Their unique services optimize oil and gas production while also furthering their clients' efforts to reduce environmental risks, fuel consumption and carbon footprints.
10:15

Doug Gibson - - Fotech Solutions Ltd

Listen to your Production: It is telling you something.


Fotech Solutions Ltd
Fotech provides distributed acoustic data to the energy and security sectors. Based in the UK, USA and Canada, the venture-capital-funded company brings together talents from the energy sector, academic research and information technology. With decades of expertise within these core industries, Fotech has managed to clearly identify primary markets for acoustic fibre technology and deliver a solution, known simply as Helios, for perimeter/pipeline security and oil&gas production monitoring.
10:50 Coffee and Tea

11:15

Angus Lewis Smith - - Downhole Fluid Solutions Ltd

ROCKWELD: An auto-removable induced lost circulation/wellbore strengthening material for mature pressure-depleted reservoirs


Downhole Fluid Solutions Ltd
11:50

Maggie Thompson - Project Manager - RPS Energy

Developing the Maestro EOR Screening Methodology

Talk Description.
A systematic top-down EOR screening methodology has been developed, which can be used to investigate the performance of different displacement process and reservoir combinations. The methodology incorporates binary, analytical and simulation screening, based on mechanistic subsurface models.

At each stage of the screening, any clearly non-viable processes are eliminated. Thus effort can be focused on the most promising EOR processes using successively more detailed models.

This methodology provides an efficient framework for the selection and ranking of suitable candidate fields for a range of enhanced oil recovery processes, leading to the detailed analysis and implementation of the highest ranking process and reservoir combination.

This presentation will describe part of the methodology concentrating on the initial EOR screening stage.


RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.
12:25

Oswald Clint - Senior Analyst - Bernstein Research

EOR economics: what works and what doesn't


Dr Clint joined Sanford C. Bernstein in 2004 and was part of the Energy Team with Neil McMahon covering the Global Integrated Oil sector.

Currently he is the Senior Research Analyst covering the European E&P and Russian Oil & Gas sectors. The Bernstein Energy franchise has become well known due to both the provocative commentary on the commodities and oil stocks, as well as the innovative research that forms the core of their frequent publications. Previously, he worked as an accountant and consultant for KPMG covering energy, gas, and chemical sectors. Dr Clint received his PhD in Geophysics from University College London where he specialised in sub-surface rock physics and is also a Chartered Accountant.

Bernstein Research
Sanford C. Bernstein is widely recognized as Wall Street's premier sell-side research firm. Their research is sought out by leading investment managers around the world, and they are annually ranked at the very top of acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research is ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks, best original research, and most willing to challenge management. In Institutional Investor's 2008 annual client survey, the leading survey by which analysts in our industry are evaluated, 100% of our U.S. Analysts were recognized as among the best in their respective fields -- more than any other firm on Wall Street.
13:00 Raffle Draw

13:05 Lunch and Refreshments

Sponsors of this event

RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.

Exhibition Stands

RPS Energy
RPS Energy provides a range of technical, commercial and project management support services to the international energy industry, covering geoscience, engineering and HS&E, with offices around the world.

Registered Delegates

Billy Brady
Senior Specialist
3M UK
United Kingdom
Norman Hempstead
Director
Hempstead Geophysical Svcs
United Kingdom
Rex Gaisford
CEO
RCM Consulting
Tony Grindrod
Trustee
AAPG Europe
United Kingdom
David Jenkins
Director
Hurricane Energy plc
United Kingdom
Nataliya Yatsenko
Sales Executive
Reed Exhibitions Ltd
UK
Juha Makinen
Director Financial Analysis & Modelling
Advanced Power UK
United Kingdom
Mark Diaz
Director
IHS
United Kingdom
Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
David Gladwell
Technical Director
AECOM
Kevin Chandler
Senior Product Manager - International Logs and Seismic
IHS
United Kingdom
Nick Bright

Retired
United Kingdom
DOUG EVANS
Staff Geophysicist
Atlantic Petroleum
Adrian Heafford
Senior Geologist
IHS
United Kingdom
Robert Snashall
Consultant
RGSConsult
United Kingdom
Maria Suttle
Strategy Support
B9 Coal
Marc Van Loo
Equity analyst
ING Investment Management
Netherlands
Paul Board
Business Development Manager
Robertson (A CGG company)
United Kingdom
Oswald Clint
Senior Analyst
Bernstein Research
United Kingdom
Bill Jack
Director
Jack Energy
Robert Waterhouse
Director
Rosha Resources Ltd
United Kingdom
Kieron Stopforth
Analyst
Bloomberg New Energy Finance
United Kingdom
jonathan bedford
Director
JXT
United Kingdom
Maggie Thompson
Principal Engineering Advisor
RPS Energy
OLIVER WHITFIELD

Buried Hill
Fredrick Okaroh
Senior Account Manager
Kongsberg Oil & Gas Technologies
United Kingdom
Peter Smith
Principal Advisor
RPS Energy
Robert Babak Madadi Howard
CEO
Centre For Global Strategic Analysis
United Kingdom
Rajeev Madhavan
Oil & Gas Analyst
Lambert Energy Advisory Ltd
United Kingdom
Dawn Murton
Events Manager
RPS Energy
United Kingdom
Robert (Bob) Parker
Consultant
Consultant
daan van laar
key account manager
Lios Technology
Netherlands
Martin Smith
Business Development Manager - Operations
RPS Energy
United Kingdom
Dan Kunkle
Director
Count Geophysics
United Kingdom
Tom Woolgar
Associate Director - Oil & Gas
Lloyds Bank Corporate Markets
Samia Ahmed
Geologist
S A consultancy
United Kingdom
Thomas Rawles
NWE Data Team Leader
Deloitte Petroleum Services
David Egya

London South Bank University
United Kingdom
Bill Senior
Consultant
Senior CCS Solutions Ltd
United Kingdom
Jane Wheelwright
Technical Application Specialist
DGI
United Kingdom
Shreyas Bordia
Executive Director
Morgan Stanley
Forbes Mitchell
Senior Analyst
Simmons & Company International
karl jeffery
Editor
Digital Energy Journal
United Kingdom
Adesubomi Ladejobi
Network Analyst
National Grid
Neil Ritson
Chairman
Solo Oil
United Kingdom
Angus Lewis-Smith
Director / Owner
Downhole Fluid Solutions Ltd
United Kingdom
Antony Benham
Business Development Manager
Nottingham Centre for Carbon Capture and Storage
alan strudley
COO
stingray geophysical
Tom Cowley
Analyst
Energy Invest Group
United Kingdom
Helen Turnell
Principal Consultant
NR Global Consulting Ltd
United Kingdom
Dmitry Vladimirskiy
BDM Russia
Tendeka
Anna Weston
Knowledge transfer manager
Environmental Sustainability KTN
Henry St Aubyn
Consultant
OTM Consulting
Malcolm Pitman
Vice President
Tendeka
Martin Riddle
Technical Manager
Envoi
United Kingdom
Crispin Keanie
Associate Director
OTM Consulting
UK
Sarah Hager
Conference Manager
Terrapinn
Paul Barrett
Managing Director
Europa Oil & Gas
Daniel McKeown
Associate
Perella Weinberg Partners
Frank Eisenhower
Operations Manager
TGS
United Kingdom
Saeed Rehman
VP
Fibertronix AB
United Kingdom
Simon Richards
Senior Facilities Engineer
Petrofac Energy Developments
Guillaume Bouffard
Vice President, Business Development
The Oil Council
Julie Chan

Finding Petroleum
Tariq Shafiq
Managing Director
Petrolog & Associates
Brian McBeth
Managing Partner
The Oxford Consultancy Group
United Kingdom
Adam Marmaras
Event Organiser
Finding Petroleum
United Kingdom
David Bamford

Petromall Ltd
Jill Lewis
Managing Director
Troika International Ltd
United Kingdom
Douglas Gibson
CEO
Fotech Solutions
United Kingdom
John Clure
Managing Director
Phoenix Hydrocarbon Resources Ltd
United Kingdom
David Steen
Director
UOP NV
gayle meikle
Managing Director
Frontier Communications
United Kingdom
William Wilson
Account Manager
Presearch Ltd
Jørgen Hallundbaek
Founder and CEO
Welltec
Lisa Barnes
Marketing Geologist
Fugro Robertson
Jacqueline Manville

Private Investor
Hooman Farnejad
Consultant
World Bank
United States
Alexander Chalke
Partner
Grosvenor Clive & Stokes
United Kingdom
David Hanstock
Commercial Director
Progressive Energy
Walter Guzman
Civil Engineer
WPGC
United Kingdom
Syed Abedi
Technical Director
Gulf of Guinea Energy Ltd
U
J Michael Austell
Director, Project Development
Progressive Energy Limited
United Kingdom
Steve Esau
Analyst
Xynteo
United Kingdom
Renu Gupta
Managing Director
Gupta Energy Ltd
Josh King
Analyst
RAB Capital
United Kingdom
Syed M.H. Abedi
Managing Director
Zawiyah Assicates Ltd