Hydrocarbons are currently the most important source of energy in the world Limited Resource E&P Business is a true global industry Technological challenges have to be met. Reserves are a funtion of oil price and available technology 85 - 90 % of reserves in existing fields 10 - 15 % exploration and discovery of newfields.
Hydrocarbons are currently the most important source of energy in the world Limited Resource E&P Business is a true global industry Technological challenges have to be met. Reserves are a funtion of oil price and available technology 85 - 90 % of reserves in existing fields 10 - 15 % exploration and discovery of newfields.
Hydrocarbons are currently the most important source of energy in the world Limited Resource E&P Business is a true global industry Technological challenges have to be met. Reserves are a funtion of oil price and available technology 85 - 90 % of reserves in existing fields 10 - 15 % exploration and discovery of newfields.
Slide 1 Introduction to Petroleum Engineering Gerhard Thonhauser Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 2 Slide 2 Role of Hydrocarbons Hydrocarbons are currently the most important source of energy in the world Limited Resource E&P Business is a true global industry Technological challenges have to be met Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 3 Slide 3 World Map of Sedimentary Basins Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 4 Slide 4 Reserves Reserve classification Proved reserves Proved developed/undeveloped reserves Probably reserves Possible reserves Oil price dependent Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 5 Slide 5 Reservedefinition 1 Proved HC Reserves are the estimated quantities, as at a specific date, which analysis of geological and engineering data demonstrate, with reasonable certainty, to be recoverable in the future from known reservoirs under the existing economic and operational conditions. Proved Developed Reserves are those Proved Reserves that can be expected to be recovered through existing wells and facilities and by existing operating methods. Proved Undeveloped Reserves are those Proved Reserves that are expected to be recovered from new wells or facilities, or from existing wells for which a relatively major expenditure is required for re- completion. Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 6 Slide 6 Reservedefinition 2 Unproved Reserves Probable Reserves are the estimated quantities of crude oil, natural gas and NGL which might be economically recoverable in the future with a reasonable high degree of probability, which suggests the likelihood of their existence, but not sufficient to be classified as proved. Possible Reserves are the estimated quantities of crude oil, natural gas and NGL which might be economically recoverable in the future with only a moderate degree of probability, which suggests the likelihood of their existence, but not sufficient to be classified as probable. Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 7 Slide 7 Development of Reserves Reserves are a funtion of oil price and available technology 85 - 90 % of reserves in existing fields 10 15 % exploration and discovery of newfields Giant discoveries are the exeption Exploration in the deep water off-shore area Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 8 Slide 8 Reserve Distribution Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 9 Slide 9 Reserves are like Fish PROVED DEVELOPED: The fish is in your boat. You have weighed him. You can smell him and you will eat him. PROVED UNDEVELOPED: The fish is on your hook in the water by the boat and you are ready to net him. You can tell how big he looks (they always look bigger in the water). Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 10 Slide 10 Reserves are like Fish PROBABLE: There are fish in the lake. You may have caught some yesterday. You may even be able to see them, but you have not caught any today. POSSIBLE: There is water in the lake. Someone has told you there are fish in the lake. You have your boat on the trailer but you may go play golf instead. Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 11 Slide 11 So that is Reserves Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 12 Slide 12 Reserve Estimates Different Interpretations of a Hypothetical 6,000 Billion Barrel World Original Oil-in-Place Resource Base 800 800 1,200 600 1,200 4,000 3,400 0 1.000 2.000 3.000 4.000 5.000 6.000 1 2 Cumulative Production Proved Reserves Unrecoverable Recovery Factor 43% Recovery Factor 33% Source: EnergyInformation Administration Schoeller-Bleckmann Oilfield Equipment AG Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 13 Slide 13 Local Reserve Distribution - Oil Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 14 Slide 14 Proven Oil Reserves End 2003 Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 15 Slide 15 Distribution of Proven Oil Reserves Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 16 Slide 16 Proven Reserves Natural Gas Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 17 Slide 17 Distribution of Proven Reserves End 2003 Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 18 Slide 18 Crude Oil Prices sind 1861 Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 19 Slide 19 Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 20 Slide 20 Resource Triangle Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 21 Slide 21 Structure of the Oil Industry Upstream Exploration Drilling Production Downstream Refineries Delivery to consumers (gas stations) Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 22 Slide 22 Life Cycle of A Field Finding Drilling Producing Hydrocarbons Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 23 Slide 23 Where do Hydrocarbons come from? Organic material in the hydrocarbon cycle 0.1 % of those hydrocarbons sediment Without Oxygen and with temperatures around 50 C Kerogen is produced Under pressure (~2000 m) and higher temperatures hydrocarbons are formed 70 C Oil 200 C Gas >300 C no hydrocarbons Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 24 Slide 24 Migration Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 25 Slide 25 Geophysics Searching for structures using Gravimetric Magnetic Seismic Formation and reservoir description using Geophysical well logs Cores Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 26 Slide 26 Finding Potential Reservoirs Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 27 Slide 27 Drilling a Well Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 28 Slide 28 Completed Well Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 29 Slide 29 Field Development Logistics in Petroleum Engineering Preprared by Gerhard Thonhauser 30 Slide 30