Business Type: |
Agency |
Target Client: |
Oil and gas operators, solution providers, contractors |
Heading: |
Propelling deep into better finds: state-of-the-art technology for cost-effective operations in the most extreme conditions |
Description: |
The business of deepwater oil and gas E&P has rapidly expanded globally. According to Infield Systems’ Offshore Energy Database 2012, total offshore oil production accounted for 22% of global production in 2000 (1% of which was from deepwater). In 2010, offshore oil production had risen to 33% (7% was from deepwater). The prospects for the future remain equally positive with total deepwater production expected to account for 11% of global oil production by 2015.
With investments of about US$723 billion (a 6.1% increase from US$678 billion in 2013) going into exploration and production (E&P) in 2014, production from deepwater is definitely expected to receive a continuous boost in output in the coming years.
In Southeast Asia, Petronas will spend RM300 billion (about US $90 billion) on enhanced oil recovery projects and deepwater offshore Sabah looking to increase and reverse Malaysia’s falling production. The International Energy Agency projects Malaysia's oil supply to rise to 740,000 barrels per day (bpd) in the short term, compared with 670,000 bpd recorded in 2012.
With respect to reserves, Malaysia’s deep-water potential is estimated at 10 billion boe, where only about 3 billion boe has been discovered so far.
With more offshore oil and gas projects set for the coming years, there will be further opportunities for solution providers to compete. Drilling equipments able to withstand pressure over 10, 000 psi and temperature exceeding 300 C, MWD/LWD tools, completions techniques and tools like drilling muds and cementing techniques, and also subsea production equipments including wellheads and trees.
But deepwater wells today, especially in extreme environments, are challenging the industry’s technology when it comes to E&P operations. Drilling in extremely deep wells require extensive attention and monitoring.
High-pressure, high temperature (HP/HT) conditions are now more pervasive in deepwater environments and affect every aspect of the exploration and production process. High pressures increase size and weight requirements for BOPs and wellheads and high temperatures generate problems for circuit boards and downhole electronics and the elastomers in completion equipments.
In April 2010, when the largest oil spill happened in the Gulf of Mexico, investigations have suspected that the possible cause of the blowout was cementing failure. Amounting to nearly 5 million barrels of oil was spilled and the oil company will suffer a record-setting US$4.525 billion in fines and other payments. Further payouts and fines are still being determined.
In the most extreme oil and gas operations, well cementing is really a critical aspect of well construction especially at deep depths, under high temperature and pressure, and in corrosive environments, where risks like blowouts and loss circulation may affect drilling operation, and a good cementing technology is essential to minimize risks, well construction costs and nonproductive time.
Cementing wells is a complex endeavor, all aspects of the cementing operation have to be carefully evaluated and new and enhanced equipment, systems, and materials like engineered spacers and slurries and high-performance automated pumping systems should be developed.
At the HPHT Drilling and Completions 2014 conference happening in Kuala Lumpur, Malaysia on 26-27 March 2014, drillers and operators will be gathering to filter actionable technical insights into advancing the industry’s deepwater technology for production processes in extreme and technically challenging deepwater conditions. Over $7.8 billion worth of losses from great operation problems can be avoided.
At the conference, drilling experts and professionals from the industry’s leading companies in technology like Petronas, Drill Cool and Halliburton will share real-world field experience that will have industry-wide ramifications to reduce deepwater operation costs by over 8%.
The Center for Energy Sustainability and Economics presents the HPHT Drilling and Completions 2014 (26-27 March 2014, Kuala Lumpur, Malaysia) to address operators’ two-pronged challenges: (1) the deeper the reservoir, the more likely that HP/HT conditions will be present, and (2) these reservoirs tend to be larger but more expensive and riskier to produce.
Topics that will be discussed include:
• Suspension and abandonment of HP/HT wells
• Risk management, emergency response planning and safety of HP/HT operations
• HP/HT well design: From concept to well construction
• Emerging technologies and technology gaps for HP/HT
• Well architecture and delivering a safe HP/HT well
The conference format is unique and mixes presentations, panel discussions, roundtables and workshops to ensure that you are able to learn first-hand from the practical experience shared amongst both expert speakers and the wider delegate audience.
To register to this year’s international conference, please email the HPHT Drilling and Completions 2014 secretariat at hpht@arcmediaglobal.com or call them at +65 6818 6344.
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Quantity: |
100 |
Unit Price: |
USD 3647 |
Payment Terms: |
Immediate |
Product Origin: |
Malaysia |
Port of Delivery: |
Kuala Lumpur |
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