Session 7 Direct Loan Funding & Cash Management Anthony (Tony) Laing Tremayne Cobb 1.
The International challenges today and the future Tony J ... laing - laing... · The International...
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Transcript of The International challenges today and the future Tony J ... laing - laing... · The International...
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International Challenges
• Production Security
• Environment
• Data Knowledge
= Stakeholder
& Stock market returns
www.nsri.co.uk
Industry focus
Small & Dispersed Reservoirs
Sub Salt Imaging
Capital Expenditure
Pore pressure prediction
Wellbore Stability Analysis
Subsea Intervention
Formation Sampling
Sand / Erosion
Management
Subsalt Drilling
Recovery Factor
High Rig Rates
Logistics Complexity
Regulations
Ultra Deep Water
Less Appraisal WellsEquipment Uptime & Integrity
Intelligent CompletionsArtificial Lift
Operating expenditure
HP & HT
Challenging reserves (Basement)
Installation Costs
Long Distance Tieback
Production Assurance
Decommissioning Water Management
Heavy Oil
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International Challenge
Onshore Shallow-Water Offshore Deep-Water Offshore
Shallow Reservoir
Deep
Reservoir
Subsea Step-out
Deep-Water
HPHT
Deep-water
Cluster
up to
3km
up to
10km
Deviated
Well
up to
150km
up to
5km
Impermeable
Cap Rock
Oil/Gas bearing Rock
Fault Fault
Typical West
Africa, India..
Mature GoMMature N Sea High Pressure
> 20Kpsi (1380barg)
High Temperature
> 205deg C (400deg F)
Ultra Deepwater
> 2000m
Field of the future
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Reservoir to export
Subsea
Surface
Subsurface
The Fluid Journey
io
Process / Export
Heavy Oil
Chemical
management
Multi-sensors
- dataRiser & flowline
monitoring
IOR / EOR
Process
Data
All electric
(long distance) Complex
InfrastructureBoostingWell
Intevention
High
Pressure
High
Temperature
Separation
Ultra-
Deep
Water
Process
ManagementProduction
Sensor Data
Subsurface
Subsea Facilities
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The future is here or is it ?
• Self power
• Local power
Courtesy of Siemens
• Self managing
• Total closed loop management
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The future is here or is it ?
• Data in real time
• Integrated data
• Informed operations
• Predictive operations
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The future is here or is it ?
Heavy oil is high viscosity with > 20 API
Some of world’s largest reserves are heavy oil fields
All around the globe including the North Sea
Mostly un-developed up to now
Main challenge is extracting, recovering and producing.
Electro magnetic inductionCourtesy of Siemens
Conventional Oil
– 30%Oil sands and
Bitumen – 30%
Extra Heavy
Oil – 25%
Heavy Oil – 15%
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Partners in Advancing Subsea Engineering Through Research and Education
The Global Subsea University Alliance
Director:
Prof. Ekaterina Pavlovskaia