Amros Presentation [1]
Transcript of Amros Presentation [1]
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Unconventional Reservoirs
Shale Plays Development
By Dr. Vladimir Ingerman, President
2015
AMROS Corporationwww.amros.us
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Company
Problem
• 95% of oil from shale plays is left in the ground
• Two thirds of hydraulic fracturing stages don’t produce oil
• Traditional interpretation of well log is not applicable for formation evaluation in shale plays
Amros Technology Solves This Problem
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Technology
Proprietary formula to calculate permeability and well production from open hole log data
• Based on analysis of hundreds of hydrodynamic or
pressure build-up well tests
• Successfully applied for conventional deposits in Russia, USA, Kazakhstan, Mexico, and Canada
• Validated by test results in Marcellus shale and more than 100 wells in Permian Basin
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Amros Value Proposition
• In Permian Basin vertical wells, Amros technology can achieve higher production with five fracking stages than conventional practices achieve with ten stages
• Precise targeting of intervals with the highest recoverable oil increase well production by at least 20% and decrease cost of fracturing up to 50%
• Optimized location for horizontal wells with significant increase in production and ultimate recovery
• Lower environmental impact
Amros Technology Fully Developed, Available NOW
Example – Permian Basin
Production from cutting analysis, takes a few months
Production from Amros interpretation, takes a day
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Example: Applying the Technology
Pick the formation and entry point for horizontal well
Two main candidates:
• Wolfcamp A
• Cline
0 BOPD
33 BOPD
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Example: Applying the Technology
• Actual: 2,652 ft. hydraulic fracking produced 36 bbl/day production
• Amros calculation: fracking 484 ft. would have produced 50 bbl/day
Increased oil production
$1,380,000
Fracking cost savings $650,000
Total opportunity cost $2,030,000
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The accuracy of production prediction
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f(x) = 0.873622092574826 x + 0.393097498185766R² = 0.86968251635391
Production Prediction from log data
bbl/day per 100 ft..
Actual Production
Calculated Production
The technology has been verified in 100 Permian basin wells
Great predictive power
Understanding reservoir
Calculated and average production per well, bbl / day per 100 ft.
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Well Production Comparison
Increased Production in the wells that used Amros Production Profile (green) for locating fracking stages
27% 17% 143% 20% 31%
Average Production increased for five group with 22 wells is 48%
Amr. Hist.0
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Amr. Hist.0
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Amr. Hist.0
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5140
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Market
• Every year more than 200,000 wells are drilled in
shale-oil deposits worldwide and the number of wells keeps growing
• Technology can also be applied in old wells
• Our primary goal is the Permian Basin with 10,000 new wells per year
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Technology Applications
• Field Development Optimization based on 3D model of recoverable hydrocarbons
• Unconventional Resource Evaluation to identify real potential
Value for operators, land acquisition experts, mineral resource groups
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Management Team
Vladimir Ingerman - President and FounderM.S., PhD., Doctor of Technical Science, VP of the largest oil service company in the former Soviet Union. Also Halliburton, Schlumberger, Amoco, Shell
Stephen Sims - Energy Advisor Houston Technology Center, President of startup, General MethanolCareer with major oil: Exxon, Citgo, ConocoPhillips
Bill Stevenson - Energy and IT Advisor Houston Technology Center and Rice Alliance, President of startup, HK Stevenson, Career with: Citicorp, Compaq
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Summary
• Amros technology shows operators where to frack vertical wells and where to drill horizontal wells
• Eliminates unnecessary fracking stages to reduce costs and environmental impact
• Provides data to optimize field development that could drive dramatic improvement in recovery efficiency and total production