Managing declining fields with geophysics
Monitoring reservoirs in production - business opportunity or blind alley?
Free
FEATURED SPEAKERS
Habib Alkhatib
» Geomarkets & Global Marketing - Coordinator 4D & Reservoir
» CGGVeritas
Jane Wheelwright
» Technical Application Specialist
» Dynamic Graphics
Full Agenda
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?
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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 t
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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
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CGGVeritas is the world's leading international pure-play geophysical company delivering a wide rang
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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, Inc. partners with clients to solve spatial analysis problems in the petroleum, en
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