Managing declining fields with geophysics
Monitoring reservoirs in production - business opportunity or blind alley?
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Tuesday, November 27, 2012, London, The Geological Society
Most of us appreciate the potential value (from increased production and a better field development plan) which you could get from better monitoring of reservoirs while they are in production.
With technologies such as permanent seabed seismic, 4D seismic, seabed seismic nodes, borehole seismic measurements, time lapse magnetics, time lapse gravity, time lapse geodesy (small changes in the earth’s shape), and better data integration with production data.
Yet the technologies are not finding their way into the oilfield as fast as this added value suggests that they should be.
Why is this?
Is it because reservoirs in production are largely managed by drilling and production engineers, who don't like to talk too much to the geophysicists, who could understand what the seismic data is telling them?
Or is it because the technologies are too expensive and the value they can add to a reservoir already in production too marginal?
If so, can the costs be better managed or reduced?
Agenda
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9:00
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Arrivals and Registration. Tea & Coffeee
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9:30
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David Bamford - Director - Finding Petroleum
Welcome & Introduction
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.
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9:40
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Robert West - Research Associate - Sanford C. Bernstein
Field decline - The decline of production in the UKCS, the NOCS and Russia
Sanford C. Bernstein
Helping you build and preserve your wealth through the decades with investment research, financial planning, and wealth management services.
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10:15
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Chris Walker - Chief Geophysicist - Fairfield Nodal
The nodal solution!
Chris holds as BSC(Hons) First Class in Physics from the New University of Ulster and a PhD in Marine Geophysics from Durham University.
Chris's current role is with Fairfield Nodal, where he works as the Chief Geophysicist for Data Acquisition.
In addition to his company and industry responsibilities, Chris has authored numerous technical publications and presentations.
His technical interests cover a wide range of topics but his prime focus is on marine acquisition with particular emphasis on source design, survey planning and onboard geophysical QC, with a view to improving operational efficiency by bringing together acquisition and processing.
Fairfield Nodal
Tight spaces. Sensitive environments. Harsh conditions. Elusive hydrocarbons. We know what you're up against. For over 30 years, FairfieldNodal has developed, manufactured and put to the test exclusive nodal seismic data systems and technology that help clients around the globe streamline operations and achieve more definitive answers with less risk. On land and at sea.
While we're known for our vast library of non-exclusive data in the Gulf of Mexico, we've also become the preeminent pros in node technology as a result. Our proprietary ZNodal technology is behind everything we do, and we do a lot. Count on FairfieldNodal for products, services and people prepared to help you tackle any terrain and marine depth.
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11:15
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Carl Berg - - Finding Petroleum x
Lifetime stability and reliability of fibre-optic sensing technology holds great potential for permanent reservoir monitoring
Finding Petroleum x
test
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11:50
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Habib Alkhatib - Geomarkets & Global Marketing - Coordinator 4D & Reservoir - CGGVeritas
Seismic Permanent Reservoir Monitoring – Solutions, Challenges & Opportunities
CGGVeritas
CGGVeritas is the world's leading international pure-play geophysical company delivering a wide range of technologies, services and equipment through Sercel, to its broad base of customers mainly throughout the global oil and gas industry.
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12:25
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Jane Wheelwright - Technical Application Specialist - Dynamic Graphics
Visualization and Analysis of 4D seismic with particular regard to History Matching
Talk Description.
The argument for the use of 4D seismic for monitoring a reservoir over time is widely accepted. Not every reservoir will benefit from the technique but, in many instances, it can give great insight into changes and fluid movement over the life of a field and indicate the consequences of the current drilling and injection regime. It is the most valuable tool for providing accurate history matching with the predictive simulation model. This talk will look at the collaborative use of 4D seismic and simulation data to improve reservoir planning. This will include the generation of petroelastic properties in the simulation model and their role in generating synthetic seismic to accurately and quantifiably compare with the observed seismic for improved history matching.
Dynamic Graphics
Dynamic Graphics, Inc. partners with clients to solve spatial analysis problems in the petroleum, environmental, and earth-related sciences. Over the past four decades, we have been the premier provider of geospatial solutions with our innovative, easy-to-use software and outstanding support services.
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13:00
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Raffle prize draw, made by George Reed of Thorold Dewling Oil and Gas Recruitment, followed by lunch & refreshments
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Sponsors of this event
Digital Energy JournalFounded in 2006, Digital Energy Journal is the world's leading magazine for digital technology in the upstream oil and gas industry, covering developments in exploration, drilling and production, covering IT infrastructure, software, automation and people. We produce 6 issues per year, distributed by print and pdf, and an e-mail newsletter every Friday. Digital Energy Journal the official publication of Finding Petroleum. Subscriptions are GBP 250 a year.
TGSTGS is the world's largest geoscience data company, known for its asset-light, multi-client business model and global data library. Our primary business is to provide geoscience data to energy companies worldwide. We offer extensive global libraries that include seismic data, magnetic and gravity data, multibeam and coring data, digital well logs and production data. Additionally, the company offers advanced processing and imaging services, interpretation products and data integration solutions.
Dynamic GraphicsDynamic Graphics, Inc. partners with clients to solve spatial analysis problems in the petroleum, environmental, and earth-related sciences. Over the past four decades, we have been the premier provider of geospatial solutions with our innovative, easy-to-use software and outstanding support services.
Thorold DewlingThorold Dewling Oil and Gas Recruitment is a market leader for Upstream technical job opportunities in London, Aberdeen, Europe and the Far East. For confidential career advice and options please call +44 1962 353144, email info@thorold-dewling.co.uk or visit www.thorolddewling.com
Dynamic GraphicsDynamic Graphics, Inc. partners with clients to solve spatial analysis problems in the petroleum, environmental, and earth-related sciences. Over the past four decades, we have been the premier provider of geospatial solutions with our innovative, easy-to-use software and outstanding support services.
Bernstein ResearchSanford 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.
EPIEPI is an independent, highly experienced and skilled seismic QC/QA consultancy to the Energy Industry with a variety of specialist skills for land, marine and TZ Quality Control. As an international consultancy we work globally providing clients with outstanding 'seismic QC solutions'. Our experience includes: * Arctic exploration * 4D Reservoir monitoring * Carbon capture & storage * Frontier exploration * OBC/ OBC technologies * Wireless & node technology * Unconventional resources.
We offer a fully bespoke service and cover all aspects of project design, parameter and source optimisation, crew mentoring, start-ups, technical assurance, HSSE QC support and seismic data processing.
Registered Delegates
Heather Pratt
Geomarket Director Europe
CGG
United Kingdom
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Alan Evans
Managing Director
Hydro Projects Limited
United Kingdom
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Kes Heffer
Director
Reservoir Dynamics Ltd
United Kingdom
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Habib AL-KHATIB
Business Development Manager - Permanent Reservoir Monitoring
CGGVeritas
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John Kelly
Technical Manager
Hydro Projects Ltd
United Kingdom
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Robert Snashall
Consultant
RGSConsult
United Kingdom
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James Armitage
Recruitment & Selection Team Lead
Chevron
United Kingdom
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David Gawith
Product Manager, 4D Software
Ikon Science Ltd
United Kingdom
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Martin Smith
Business Development Manager - Operations
RPS Energy
United Kingdom
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Ian Jack
Mostly Retired
Consultant
United Kingdom
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Luis Merida
Imperial College
United Kingdom
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JOHN GEORGIOU
EXPLORATION CONSULTANT GEOPHYSICIST
RPS ENERGY
United Kingdom
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Eleanor Jack
Consultant
United Kingdom
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Andy Bull
VP, Emerging Technology
Inova Geophysical
United Kingdom
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Rob West
Sanford Bernstein
United Kingdom
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Dave Howe
geophysicist
consultant
United Kingdom
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Olga Shvarova
Associate Consultant
Isis Innovation
United Kingdom
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Philip Hyde
Business Manager
Schlumberger
United Kingdom
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Diwin Amarasinghe
Geophysical Specialist
Consultant
United Kingdom
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Yo Antoine Touali
Student
London South Bank University
United Kingdom
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David Webber
Seismic Operations Consultant
Seismic Operations Consultant
United Kingdom
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Richard Trigle
Director
Coscote Advisors Ltd
United Kingdom
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Preston Enubuje
London South Bank University.
United Kingdom
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Aaron Lockwood
Software Sales Manager - EAME
Shearwater Geoservices
United Kingdom
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Jean Martinie
Representative
DGI
France
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Kanad Kulkarni
PhD student
LSBU
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Paul Maton
Director
Sillimanite Consultants
United Kingdom
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Jane Wheelwright
Technical Application Specialist
DGI
United Kingdom
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Mohammed Dahiru Aminu
M.Sc. Student
LSBU
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Daniel Barnes
Consultant
StrategicFit
United Kingdom
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karl jeffery
Editor
Digital Energy Journal
United Kingdom
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Benjamin de Poumeyrol
Managing Consultant
Molten
United Kingdom
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robert symondson
Business Development Executive
tessella
United Kingdom
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Ed Tree
Geophysical Consultant
Ed Tree Consulting
United Kingdom
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Richard Burren
InSAR Surveying Manager
NPA Satellite Mapping, a CGG Company
United Kingdom
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Frank Eisenhower
Operations Manager
TGS
United Kingdom
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Toyin Solanke
Consultant
Eknalos GeoTek
United Kingdom
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Maria Mackey
Systems Engineer
Oracle
United Kingdom
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Damian Dowling
Business Development Manager, Imaging
TGS
United Kingdom
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Michael Simpson
Oil and Gas Researcher
Elk Investments
United Kingdom
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Debbie McIntosh
Senior Consultant
OTM Consulting
United Kingdom
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Lucy Goodyear
Processing Sales Representative
TGS
United Kingdom
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Nnamdi Anyadike
London office
Energy Correspondent
United Kingdom
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Stuart MacCormack
Senior Consultant
OTM Consulting Ltd
United Kingdom
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Tracey Ives
Marketing Manager, Reservoir Solutions
TGS
United Kingdom
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Richard Bayes
Geophysicist
EOG Resources
United Kingdom
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Ekaterina Krylova
Account Manager
Paradigm
United Kingdom
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Rob Ross
Client Solutions Director - PRM
TGS Reservoir Solutions
United Kingdom
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Charles Czajkowski
Senior Business Development Manager
EPI Ltd
United Kingdom
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Robert Parker
Consultant
Parker
United Kingdom
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John Sunderland
Retired
TGS-NOPEC-retired
United Kingdom
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Saeed Rehman
VP
Fibertronix AB
United Kingdom
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Anniken Teigen
Senior Advisor technology
Petoro
Norway
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George Reed
Director
Thorold Dewling Oil and Gas Recruitment
United Kingdom
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Harry McCormack
InSAR Surveying Project Consultant
Fugro NPA
United Kingdom
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Stephen Pharez
Vice President Technical Marketing
Petroleum Geo-Services
United Kingdom
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Keith Capelin
Vice President
Troika International
United Kingdom
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Martin Hodge
Business Development & Project Geophysicist
Geokinetics
United Kingdom
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Michael Sloane
Commercial Director
Petromall
United Kingdom
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Terry Bond
Chairman
ViaLogy PLC
United Kingdom
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Lara Tarasewicz
Business Development
Geotrace
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M. Al-Chalabi
Head
Petrotech Consultancy
United Kingdom
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Kim Fairweather
Consultant
Vision Project Services
United Kingdom
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David Bannister
Marketing Manager
Geotrace
United Kingdom
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Neil Keith
Private
United Kingdom
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Robert Lane
Managing Director
Vision Project Services (UK) Ltd
United Kingdom
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Jayson Marks
Partner
Holman Fenwick Willan
United Kingdom
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Christopher Walker
Owner
Red Hand Geophysics Ltd
United Kingdom
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Giles Watts
Consultant
Watts Geoscience Consulting
United Kingdom
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