A Special Presentation for: Petroleum Equipment Suppliers ......A Special Presentation for:...
Transcript of A Special Presentation for: Petroleum Equipment Suppliers ......A Special Presentation for:...
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History of the Oilfield – Oil 101
A Special Presentation for:
Petroleum Equipment Suppliers Association
16 September, 2013
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Challenge: Developing InfrastructureIn Historically Volatile World Regions
Source: James Baker Institute For Public Policy2
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Early History of Oilfield Technology
Oil was found in “seeps” at surface around world
Chinese invented drilling process around 300 AD
Little progress made in technology for centuries
Demand for oil, lack of refining capability, and whaling industry were limiting factors
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1,500 Years of Drilling Technology Progress?
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3rd Century AD
Early 1800’s
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End of One Era/Beginning of Another
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Hawaii: 1850’s
Early Refinery
Snake Oil Salesman
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Important Milestones in Petroleum
1853 – Kerosene lamp invented
1859 – Edwin Drake well drilled
1878 – 1st recession (Edison made light bulb)
1880s – Auto and steam engine
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Modern Era of Petroleum Industry
1901 – Spindletop TX1859 – Drake Well - PA8
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Oilfield Technology Edict
“Necessity is the mother of invention.”
-- Plato
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Howard Hughes Bit – 1908
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Alexander Grigoryan – First Mud Motor and Multilateral – 1953
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Invention of BOP – 1922
192212
1910
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How Major Service Companies Started
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California Pier Drilling
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Drill Bits – 1908 and Present
Hughes Bit
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Wireline - 1912
Conrad & Marcel Schlumberger
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Subsea Equipment - 1967
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Logging While Drilling - 1978
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Top Drive Drilling Systems - 1982
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Geophysical Surveys
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Drilling Rigs
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Computers
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NASA Uses Oilfield
Technology to Drill on Mars
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What Does the Future Look Like? U.S. is increasingly less reliant on foreign oil
Significant uncertainty on future oil production
China: Eventually the largest petroleum user
Middle East natural gas use to surpass Europe
Challenge: Exploiting increasingly difficult reserves – safely!!!
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Macondo
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20 April, 2010
Before After
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Cline Shale in West TexasFacts & Figures
35 miles East of Midland
140 long by 70 miles wide
Potential: 30 billionbarrels!!
85% oil & liquids
Light oil – 38 to 42 gravity
Pay zones: 200’ to 550’
Porosity: 6 to 12%
In-place infrastructure
Little community opposition
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Pending Manpower Shortage
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Questions?
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