<a href="http://youngpetro.org/2013/03/06/how-is-it-possible-to-produce-oil-from-sand/"><b>How is it possible to produce oil from sand?</b></a> <a href="http://youngpetro.org/2011/10/09/people-engineers-and-spe-members/"><b>People, Engineers and SPE Members</b></a> <a href="http://youngpetro.org/2012/12/19/if-i-were-a-prime-minister/"><b>If I Were a Prime Minister…</b></a> <a href="http://youngpetro.org/2012/12/26/polish-shales-delayed/"><b>Polish shales delayed?</b></a> <a href="http://youngpetro.org/2013/01/11/russia-continues-the-policy-of-states-companies-monopoly/"><b>Russia continues the policy of state companies’ monopoly</b></a>
 

26th World Gas Conference Paris 2015

26th World Gas Conference Paris 2015

The 26th World Gas Conference (WGCPARIS2015), owned by the International Gas Union is the largest and most prestigious conference in the global gas industry calendar bringing together leading industry players.

Next June, Paris will welcome over 4,000 senior delegates from 600 global companies and thousands of trade visitors who will explore the 45,000 sqm large exhibition. An impressive line-up of some 500 high level industry experts will present their views and findings of key industry trends and developments.

The breadth of the World Gas Conference programme really makes it stand out from other leading industry events. Delegates can look forward to some 70 conference sessions with topics spanning across the whole gas value chain. There will be key emphasis on addressing issues such as enhancing the role of gas for sustainable development and balancing the needs of all stakeholders, whilst improving availability of gas and access to markets.

Numerous social and technical networking events have been organised for delegates to grow their global network, showcase their findings and build strong partnerships. Delegates can look forward to the Welcome Gala evening held at the famous Grand Palais, a golf tournament attended by key business players and numerous technical and social tours presenting ideal networking opportunities in a relaxed environment.

With major and exciting developments taking place in the gas industry, WGCPARIS2015 will welcome the energy community to this milestone event which will showcase the best of what the industry has to offer.

  • Register as a delegate online
  • Sign up for the WGCPARIS2015 newsletter here: Receive the latest straight to your inbox

Price-crushing oil policy stands

Price-crushing oil policy stands

Saudi Arabia’s King Abdullah’s death on January 22, 2015 has now been confirmed. The monarch died at 90.

King Salman, Saudi Arabia’s new ruler, will keep oil minister Ali Al-Naimi in his post, confirming expectations that he will continue the policy of maintaining crude output to preserve market share and allowing market forces to determine the oil price.

John Sfakianakis, Middle East director for Ashmore Group and former chief economic adviser to the Saudi finance minister, echoed this statement. The kingdom, he said, sets policies with a long-term view and makes changes very slowly.

Saudi Arabia has 16% of the world’s proven oil reserves and is the biggest exporter of petroleum liquids in the world, according to the US Energy Information Administration.

Does it really have an influence on world’s crude oil situation?

Today, as the Kingdom recovers from the death of King Abdullah, Saudis don’t carry the same clout. In part, that’s because the U.S. is much less dependent on Middle Eastern oil than it was a few years ago, as U.S. companies have reinvented the way oil and natural gas is produced. Hydraulic fracturing has opened access to liquid energy deposits locked inside once-impenetrable rock formations, and breakthroughs in horizontal drilling methods have made the technology more profitable. By the end of this decade, the United States is expected to produce almost half the crude oil it consumes. More than 80% of its oil will come from North or South America. By 2020, the United States could become the world’s largest oil producer, and by 2035 the country could be almost entirely self-sufficient in energy. Relations with the Saudis are no longer a crucial feature of U.S. foreign policy, and the surge in global supply, which has helped force oil prices lower in recent months, ensures that others are less concerned with the Saudis as well.

That’s not really a good perspective for crude oil prices and there is no sign that this situation will improve soon. The price of crude oil barrel now is 48,79$.

desert

Sources: www.bloomberg.comwww.time.com

Image source: www.britannica.comwww.moneymorning.com

Multilaterals still a niche but on rise.

Multilaterals still a niche but on rise.

Multilateral completions as an advanced method of drilling has been introduced in oil&gas industry in early 90′. Even though it is known for its great properties as increasing reservoir contact and reducing the environmental footprint it still remains a slow market. Complicated multilateral operations can be a daunting undertaking connected with risk, but may also deliver enormous value. Let’s see what are the advantages and history of this technology.

In 1998, the Technology Advancement for Multi-Laterals (TAML) forum compiled a classification system for grading the level of complexity of the well. As the level increases intricacy, costs and risk rises, that is why Level 5 (highest) completions are very rare, only 15-20 are done each year. Although it is a niche, Baker Hughes runned two completions of this kind last year in the Norwegian sector and Russian operators are using them on a regular basis.

Wide variations in porosity, permeability and high downhole oil viscosity conditions result in low oil mobility from the reservoir to the wellbore. Theese conditions are hard to work with and are an example of using simple Level 1 and 2 completions in the Mishrif Reservoir by Kuwait Oil Co. They were also limited by the surface location, which lies at the crest of the Minagish field. Used high-resolution chemo-steering data analysis based on core chips with X-ray fluorescence supported geosteering the multilateral wells. Long -term prodictivity is provided by applying new, four-stage viscoelastic surfactant stimulation technique, which allows to achieve greater permeability using deeper acid stimulation.

Theoretically speaking the quantity of laterals is unlimited, however practically not more than 3 or 4 are used nowadays. According to current data this number will be increasing and multilateral applications will become more sophicticated thanks to technological development. Ability of placing several Inflow Control Devices (ICD) or using introduced in last year system called FlexRite MIC will widen the source of reservoirs. From the economical point of view drilling one multilateral completion instead of a few vertical has a huge impact on finances. The technology will also open new fields in west Australia, Brasil and Arctic Russia for exploration.

Source: http://www.drillingcontractor.org/geometric-evolution-31289

Image source: http://www.aramcoexpats.com

2. Defining oil reservoir: Oil lake under the surface or a sponge made of rock filled with oil?

2. Defining oil reservoir: Oil lake under the surface or a sponge made of rock filled with oil?

After reading last article you should have a good understanding of the types of companies in the industry. As it was mentioned there, petroleum industry is commonly divided into three sectors: upstream, midstream and downstream.
The upstream sector (better known as E&P sector – Exploration and Production) contains all tasks and operations which deal with bringing oil and gas to the surface. It includes searching for the potential underground crude oil or natural gas fields, drilling exploratory wells and then drilling wells that bring oil.
The midstream sector deals with marketing of the unrefined products: storing in tanks, terminals, salt caverns, creating intermediate products and sending them to refineries through pipelines, long-distance transporting, delivering refined products to distributors.
The downstream sector (also known as refining) deals with all processing hydrocarbons, distribution of commercial products received from oil and gas.

We can now properly describe oil life in 6 points.
1. Oil reservoir.
2. Extraction.
3. Long-distance transport.
4. Refinery.
5. Delivery of refined products.
6. Fuel stations.

Concentrating on the first point, what actually is oil and gas reservoir? Most of you, like me first imagined it as a big lake filled with oil, hidden somewhere under the ground. Wrong? Looking to the dictionary you will find that it is “a subsurface pool of hydrocarbons contained in porous or fractured rock formation”, so the world “pool” can bring the image that petroleum is hidden in “pools” or “lakes” in the caverns under the ground. In fact it more reminds a rock sponge, but since we can’t physically see what is under the ground, drilling companies take core samples of the reservoir to measure rock properties such as porosity and permeability. Core samples are cylindrical sections of rock which are inspected and analyzed by geologists and petrophysicists in specialized labs. As we observe part of the rock carefully, we will see that a reservoir rock has spaces which can be filled with fluids, property which describes number and size of the paces (pores) is named porosity. However, to let petroleum flow, the rock must also have appropriate permeability. Permeability is really an expression about how the pores are connected.


Image source

As temperature and pressure are changed during production, fluids in pores decompress and flow into the well. It is fundamental to understand more advanced topics we are going to go through.


Image source

Unconventional reservoirs has less permeability than conventional ones. Unconventional gas reservoir is an accumulation of the same natural gas as we use in gas stoves for years. Natural gas is a mixture of hydrocarbons (mostly methane – about 90%) and sometimes a small amount of hydrogen sulfide, carbon dioxide and other components.
There are 3 types of unconventional gas reservoirs:
• Shale gas
• Tight gas
• Coalbed methane (Link here you can read more about coalbed methane)

Unconventional oil haven’t been yet strictly defined, but according to definition it is “a type of petroleum that is produced or obtained through techniques other than traditional oil well extraction. Unconventional oil production is commonly seen as more costly than conventional oil production, less efficient, and is likely to cause more environmental damage.” More about the types we are going to discuss later.

In the next article we will try to find out how is petroleum and natural gas formed and name basic drilling string components.

Sources: wikipedia, investopedia
Main Image source: dleng.info

1.Integrated vs service oil companies here you can read 1st part.

Life of the oil field

Life of the oil field

Today, I am going to describe a life of the oil field. Probably the topic is obvious and well known but the basic knowledge is worth to be repeated. Oil field is a region with a large number of boreholes extracting petroleum. Oil fields typically occupy large areas up to several hundred kilometers in width, so the total utilization of the deposit is possible only thanks to location many boreholes around the area.

Before starting exploitation of the deposit, firstly of course we have to discover it, and make inventory of resources. Promising geological formations are examined by analyzing the propagation of the artificially generated seismic waves in the earth’s crust. Test drilling are performed, and then we can start extraction. At the beginning crude oil is readily available and it is easy to increase production. Later, it is more complicated: we have to pump it, squeeze out of the ground by introducing water and gas into the reservoir – production will be stabilized and then will be decreased.

Advanced mining and drilling techniques allow very efficient exploitation of the deposit of oil. Several decades ago it was normal to extract approximately 20% of the deposit. But today we can exploit even more than 50%. The specific value depends on the type of oil layer, the deposit and other factors like porosity, permeability, etc. Regardless of the type and the efficiency of the mining methods, there remains less and less crude oil in the deposit. In the extracted crude oil is also more water. When the amount of water becomes too large (eg. 99%), we should abandon wellbore. Gradually we will turn off the exploitation of the oil wells. The typical lifetime of an oil field is a several / a few dozen years and depends largely on intensity of exploitation. Deposits which are intensively exploited (particularly with the use of horizontal wells enabling rapid pumping of oil) reach “end” much faster. Also decrease of production of such a deposit is characterized by a rate of over a dozen percent per year, in contrast to several percent per annum for deposits exploited using “classical” methods.

The world is full of old, abandoned oil sites. Once there were lively places, giving employment to thousands of people, providing energy throughout the countries. Today – there are only abandoned, decaying remains of old wells, pumps and destroyed infrastructure.

And what’s more? Any questions? I urge you to search on!

INiG3

Sources: anz.theoildrum.com, oilfield.com

YoungPetro presents… Discovery Geoservices Workshops

YoungPetro presents… Discovery Geoservices Workshops

Dear Friends,
There is an important ANNOUNCEMENT

Today we are opening recruitment for all the petrotechnical and geoscience students to participate in unique workshops organised by Discovery Geoservices Corporation.

If you are interested in extracting the vast knowledge of company specialists, aquire precious practical skills and are able to attend AGH University in Cracow, Poland at specified dates don’t hestitate to send us an application via discoverygeo.workshops@youngpetro.org .

2015 Discovery Geo Workshops Programme is planned for:
21 January: Petrophysical Resource Quantification Workshop
25 March: GIS & Mapping of Relevant Data Workshop
22 April: (East Meets West Conference):
Drilling, Completion and Production Methods, Reserves and Resources Lecture
Practical Reservoir Analysis Workshop
17 June: Prospect Characterization Workshop

For more information visit:
Official Workshops Facebook Page: www.facebook.com/DiscoveryGeoWorkshops
Official Company Website: www.discoverygeo.com/Workshops/index.html

We cheerfully encourage everyone to apply! 🙂

The Story of Oil Sand

The Story of Oil Sand

Is it possible to produce Oil from Sand? Yes!
Canada has 3rd largest Oil reserves in the World and 97% of Oil reserves are tapped in sand called “Oil Sand”. Out of “173 Billion Barrels” of oil reserves “167 Billion Barrels” are present in the Oil Sands.
So here Question comes what are Oil Sands?
Basically Oil Sands are naturally occurring mixture of “sand, clay, water and bitumen” lies in the category of Unconventional Petroleum deposits. According to National Energy Board of Canada Bitumen main component of oil sands which can be refined into diesel fuel is defined as “A highly viscous mixture of hydrocarbons heavier than pentanes which, in its natural state, is not usually recoverable at a commercial rate through a well because it is too thick to flow”.
Canada’s oil sands have drawn attention for more than 200 years. Historical background date back as far as 1715, when “James Knight”, wrote in his journal about “gum or pitch that flows out of the banks of a river” (The Athabasca). Efforts to exploit the oil sands resource began in the early 20th century.
Oil sands are recovered using two main technical methods:
1. Open Pit Mining
Large shovels scoop the oil sands into huge trucks which transfer it to crusher.
Large pieces of clay are broken down at crusher units.
Oil sand is then mixed with water & transported to plant via pipeline.
Bitumen is separated from other compounds.
Recovery rate through this process is 90% —— useful & cost-effective.
20% Oil sands are present close to earth’s surface.
2. In-Situ Drilling
In situ drilling accounts for 80% of oil sands reserves because mostly these reserves are located below 200ft from surface.
Advanced technology (Directional Drilling) is utilized to inject steam, combustion or other sources of heat into the reservoir which warms the bitumen so it can be pumped to the surface through recovery wells.
Majority of in situ operations are performed through steam-assisted gravity drainage, or SAGD.
Steam is pumped underground through a horizontal well to liquefy the bitumen, which is then pumped to the surface through a second recovery well.
Recovery rate is 50—65%
Another method is Cyclic Steam Stimulation in which steam is pumped down through a vertical well to liquefy the bitumen, which is then pumped to the surface through the same well.
Recovery rate is 30—-40%.
Crude oil which is derived from the oil sands is usually sent to refineries across North America to make gasoline, diesel, aviation fuel and other consumer products and then utilized commercially.

http://www.oilsandstoday.ca/whatareoilsands/Pages/RecoveringtheOil.aspx
http://www.oilsandstoday.ca/whatareoilsands/Pages/History.aspx
http://www.oilsandstoday.ca/whatareoilsands/Pages/QuickFacts.aspx
http://www.oilsandstoday.ca/whatareoilsands/Uses/Pages/default.aspx
http://www.canadiangeographic.ca/magazine/jun08/feature_tar_sands.asp
Image Source Oilandgasiq.com

BG INTERNATIONAL FORUM FOR STUDENTS

BG INTERNATIONAL FORUM FOR STUDENTS

BG International Forum is an event organized by Bashkir State University SPE Student Chapter and Geophysics Department of Bashkir State University.

When: 11-13 May 2015

Where: 32, Zaki Validi Str., Ufa, Russia

 

 

During the Forum participants will:

  • Present their paper and poster works,
  • Attend «hard» and «soft» skills lectures,
  • Take part in a Business Game “Petro”,
  • Participate in a round table discussion,
  • Go to the Field Trip

 

Bez tytułu

The official language is English.

Fill in the application on website: npf.geotec.ru/spe

If you have any questions, write an email:

spebashsu@gmail.com – organize committee

reginaspe@gmail.com Regina Nafikova (President of BashSU SPE Student Chapter)

All the additional information available at VK official group: vk.com/spe_bashsu

 And don’t forget: SUCCESS IS PEOPLE YOU KNOW!

Gazprom buys out shares in South Stream Transport

Gazprom buys out shares in South Stream Transport

South Stream Transport B.V. was set up to do the planning and construction works and to operate the seabed South Stream pipeline that was supposed to be laid across the Black Sea (photo on thumbnail). This pipeline was cancelled by Russia in December.

Russia’s gas giant agreed to buy the 50% it doesn’t own in South Stream Transport B.V. from Italy’s Eni S.p.A. (owner of a 20% stake), Electricite de France SAand the Wintershall, a subsidiary of Germany’s BASF SE (hold 15% each). Gazprom now owns 100% shares in South Stream Transport B.V.

No purchase price was disclosed in statements issued by companies. By this transaction Eni, EDF and BASF are recovering their investments in Black Sea pipeline that Russia scrapped this month.

1074634

Sources: bloomberg.com

Image source: itar-tass.com/en

26th World Gas Conference – the countdown begins

26th World Gas Conference – the countdown begins

26th World Gas Conference – the countdown begins

Jérôme Ferrier, IGU President, officially invites delegates to agenda setting event as Early Bird registration deadline approaches

 

8th JANUARY 2015: Between 1-5 June this year, Paris will host the global gas community at the 26th World Gas Conference. The industry’s most important attended gathering has already attracted participation from more than 70 countries and expects to welcome over 4,000 senior delegates attending 70 conference sessions spanning all aspects of this critically important industry.

At a pivotal point for the global energy sector, the conference will address the major gas industry challenges facing the world today, including sustainability of supplies, the role of gas as a transition fuel, the development and application of new technologies and progress towards a comprehensive global energy mix. The triennial event has already drawn a significant following for 2015, with a record number of abstracts received (more than doubling those gathered for the 2012 World Gas Conference), and support from the highest ranks of the gas industry.

More than 500 speakers have already been confirmed and the conference programme continues to develop to ensure that it addresses the most pressing issues. Confirmed speakers include; Patrick Pouyanné, Chief Executive Officer, TOTAL, Gérard Mestrallet, Chairman and CEO of GDF Suez; Sheikh Khalid Khalifa Al Thani, Chief Executive Officer, Qatargas; Ben Van Beurden, Chief Executive Officer, Royal Dutch Shell plc; Hamad Rashid Al Mohannadi, Chief Executive Officer, RasGas Company Limited; and Alexey Miller, Deputy Chairman of the Board of Directors, Gazprom.

The event will set in context the industry’s challenges and opportunities both in the global energy mix and across wider social and economic development issues. This is especially important given the increasing demand for cleaner energy and the crucial importance of natural gas not only as a transition fuel but the foundation for stable, long-term energy security.

Jerome Ferrier, President of the IGU, commented:

“2015 will be an unprecedented year for the global gas industry and for the French energy sector. The World Gas Conference represents a rare opportunity for the global sector leadership to set out its ambitions for the gas industry and, more crucially, the role it can play in meeting the world’s most urgent development issues.

“Natural gas can increase energy market stability, reduce CO2 emissions and enhance the sustainability of supplies for communities around the world. But achieving this requires investment, innovation and public support. In 2015, through the World Gas Conference and COP 21, we have the opportunity to make progress against all of these crucial objectives.”

The conference will feature discussions and debates on some of the most pressing issues and solutions within the gas industry today, including:

 Natural gas as a core pillar for a sustainable future of the planet
 Gas, renewables and electricity
 Natural gas as a growth factor for new economies
 Human Capital for the future of the gas industry

Sponsors of this prestigious event include Total, GDF Suez, Qatar Gas, Shell, RasGas, Gazprom and Chevron.

With a comprehensive 45,000 m2 exhibition space, the 26th World Gas Conference will showcase exhibitors and sponsors from across the industry, bringing together the latest technologies, industry solutions and lessons learned from tried and tested practices.

As the event draws closer, the early registration discount comes to an end on 16 January. The early discount is €480 per delegate place and bookings can be made on the official event website www.wgc2015.org.

Media Partnership Enquiries:
Geraldine Hervel
Tel: +44 (0)2079780042
Email: ghervel@thecwcgroup.com

Media Enquiries:
International
Seán Galvin
Tel: +44 (0)20 3727 1183
Email: Sean.Galvin@fticonsulting.com

Jamie Robertson
Tel: +44 (0)20 3727 1444
Email: Jamie.Robertson@fticonsulting.com

Notes to Editors:
About the World Gas Conference

Since 1931, the International Gas Union has been organising the World Gas Conference once every three years. The triennial World Gas Conference is the biggest and most important global gas industry event, attracting 4,000 industry professionals from all over the world and showcasing the latest developments, with information on policies, strategies technologies, challenges and opportunities. The 26th World Gas Conference will take place in Paris, France, 1-5 June 2015 with the theme “Growing together towards a friendly planet”.

About the International Gas Union

logo-IGU-Master

The International Gas Union (IGU) was founded in 1931. It is a worldwide non-profit organisation whose objective is to promote the technical and economic progress of the global gas industry.
The members of the IGU are associations and entities of the gas industries in 77 countries which account for over 95% of the natural gas traded around the world, and maintain very close ties with many other international energy organisations. It consists of a total of 142 members, from 90 countries.