New technologies for describing and monitoring reservoirs
get to know your reservoir better!
Tuesday, November 26, 2013
London
The Geological Society
There is an old adage that runs "The best place to find oil is in an oil field!"
As global exploration gets more difficult, there is a major prize to be gained by increasing flow rates and improving recovery factors in existing fields.
Wherever serious studies have been undertaken, truly astonishing volumes of oil can be contemplated from increasing recovery factors using technologies that are known today.
Certainly, it seems reasonable to believe that the current ~10% of all existing discovery volumes that has actually made it to production is very much a lower limit. In many instances, a rising oil price will ensure that primary/secondary/tertiary recovery projects are economic although in some instances it may be necessary for governments to give tax incentives to help improved recovery projects, for example those based on CO2-EOR, to bring them into existence.
Increasing recovery factors depends on a range of technologies – reservoir description, surveillance, reservoir monitoring, ‘smart’ wells….not just IOR/EOR schemes. Nevertheless, worldwide, just a 1% increase in the global recovery factor represents almost 90 billion barrels of oil, equivalent to replacing roughly 3 years of production at current levels.
This event will focus on those technologies firstly that enable us to understand the framework in which oil & gas finds itself, waiting to be produced, namely the reservoir, which needs to be described in detail in 3D and secondly those monitoring and surveillance technologies that enable us to understand how hydrocarbons and water are moving around our reservoirs, under production.
If you would like to make a presentation at this event, please contact David Bamford via the Finding Petroleum website; if you are interested in sponsorship or exhibiting, please contact Terry O’Donnell via the website.
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David Bamford is 63. He is a non-executive director at Tullow Oil plc and has various roles with Parkmead Group plc, PARAS Ltd and New Eyes Exploration Ltd, and runs his own consultancy. He writes regular articles for OilVoice and ROGTEC and is a co-founder of Finding Petroleum.
He retired from BP in 2003, after a 23 year career spent initially in research & technology, then the geophysics function, business unit leadership, and finally BP's global exploration programme.
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, distributing their colour magazine - Digital Energy Journal, and with an online social network of nearly 700 members.
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TGS provides multi-client geoscience data to oil and gas Exploration and Production companies worldwide. In addition to extensive global geophysical and geological data libraries that include multi-client seismic data, magnetic and gravity data, digital well logs, production data and directional surveys, TGS also offers advanced processing and imaging services, interpretation products, permanent reservoir monitoring and data integration solutions.
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