26-12-2012, 04:44 PM
Oil & Gas Production The Future is Bright
Oil & Gas Production.ppt (Size: 4.24 MB / Downloads: 96)
Overview
Resource
Forecast and Price Trends
Changes in H/C Ratio
Future is NOT a Bell Curve
Future Production Requires Investment
50% Per Decade
Technology and People
Investment
Geopolitics (Access)
Environment
Projected World Oil Supplies
Geologically-determined peak
could have consequences up to
and including “war, starvation,
economic recession, even
the extinction of homo sapiens”
(Campbell in Ruppert 2002).
“Civilization as we know it is
coming to an end soon. This is
not the wacky proclamation of a
doomsday cult, apocalypse bible
prophecy sect, or conspiracy
theory society. Rather, it is the
scientific conclusion of the best
paid, most widely-respected
geologists, physicists and
investment bankers in the world.”
Technical Challenges
WHO estimates that 2.5 million women and young children die prematurely each year from fumes from biomass stoves. Shifting to LPG reduces health risk by > 100
In sub-Saharan Africa only half the population has access to an improved water source (energy for pumps and purification)
In India, up to seven hours a day are devoted to collecting fuel for cooking.
Energy Production is High-Tech Science
Multiple Discipline Professionals evaluate “Mountains” of data to maximize reservoir recovery.
The extraction process is based primarily on
management of the pressure and fluids
placement of wells to maximize efficiency.
Historically,
Traditional “pumping” technologies extracted 20 percent of hydrocarbons in a reservoir
New Computer Models and technologies improve recovery to greater than 35 percent (75% Goal).
This Science Continues to Improve with new breakthroughs
Data Models for Energy Recovery
Data Models are collected utilizing seismic readings.
Computer Models are put in place to view these readings in a 3D Model
Data is collected over time intervals for a 4D view of the data and changes over time
Data sets are in Terabyte range with future projections in Petabyte range as information improves