Geoenergy - oil and gas Flashcards

1
Q

Value chain?

A
  • Acquire – the acreage
  • Explore – find petroleum (Frontier (Arctic) to Mature (North Sea))
  • Appraise – determine size and complexity
  • Develop – drill wells and build facility
  • Produce – get the petroleum out
  • Abandon – turn it over to gas storage?
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2
Q

Cost of the value chain?

A
  • Acreage acquisition – shoot seismic + bid for right to drill
  • Exploration – shoot seismic and drill wells
  • Appraisal – More detailed, higher wavelength seismic and drill more wells
  • Development – Lots of wells
  • Production – even more wells + seismic
  • Field redevelopment??
  • Near field exploration??
  • Abandonment – remove facility – North Sea decommission est £50-60 billion
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3
Q

Value chain cycle time?

A
•	Clair Field
o	30 years
•	Ardmore Field
o	21+ months
•	Small field, close to existing field = close infrastructure
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4
Q

Forming petroleum accumulation?

A
  • Source: Where the oil forms
  • Reservoir – rock from which we can produce the oil
  • Seal – What stops the oil leaking to the surface
  • Trap – shape of the oil container in the Earth (inverted)
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5
Q

Source?

A
•	Preservation of organic matter (plant remains)
o	Anoxic conditions
•	Peat bogs
•	Black sea
•	Lake Tanganyika
o	Typical environments:
•	Silled basins
•	Shallow seas
•	Coastal upwelling
•	Stratified lakes
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6
Q

Reservoir?

A
  • Permeable or very fractured
  • Sand
  • High porosity
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7
Q

Seal?

A
•	Fine grained, low permeability
•	Mudstones (shale’s), salt
o	Desert and temperate lakes
o	Rivers and deltas
o	Shallow and deep seas
o	Salt and mudstone
•	Salt will anneal itself to stop fracture = best
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8
Q

Traps?

A
  • Domes (anticlines)
  • Fault blocks
  • Salt diapirs
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9
Q

Migrations and timing?

A
  • If petroleum migrates from the source rock before a trap is formed or a seal is deposited then no petroleum accumulation will form
  • The oil and gas will leak to surface and be biodegraded
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10
Q

Porosity and permeability?

A

Porosity: affects storage of petroleum
Permeability: affects the flow of petroleum
Fracking: increasing permeability of rock

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11
Q

Net to gross?

A

Net: The porous part of the reservoir
Gross: The whole reservoir package
So it is a ratio of how much of the rock is a permeable reservoir compared to the whole non-flowing reservoir

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12
Q

Water saturation?

A
  • Oil and gas never fully saturate the pore space in a reservoir
  • Clean gas sands about Sw 5%
  • Clean oil sands may have Sw 10%
  • Dirty (shaley) oil sands may have Sw 50%

Because of this leave about 65% of oil in ground

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13
Q

Formation volume factors

A

Oil
• Shrinks when brought to surface because gas is exolved about 1 to 2
Gas
• Expands when brought to surface because of pressure drop – may be measured in 100s and hence usually expressed as a GAS EXPANSION FACTOR

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14
Q

Tools for exploration:

A

• Satellite images – salt domes = traps
• Gravity and magnetics
• Seismic – look for rift basin (tilted fault blocks) + salt diapirism + Post-rift subsidence
• Wireline logs – tools run into the well on wireline or as part of the drilling
o Measures rock properties, fluid properties, void properties (porosity, permeability), pressure, temperature, fluid flow
• Core and cuttings – look for porosity and oil stains
• Fluid samples – oil and gas = high resistivity
• Outcrop data
• Petroleum seepage
• Gamma log – sandstones and limestones tend to have low natural radioactivity and mudstones tend to have relatively high natural radioactivity – shale = more radioactive – sand = less

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15
Q

Petroleum play

A

Requires:
• Mature source rock
• Reservoir
• Regional seal

Plays are reservoir, seal combinations
Fairway is when both are present so an accumulation could occur

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16
Q

Prospect?

A
  • Small area with possible future for exploration
  • Petroleum prospect target ready to be drilled
  • Trap will have been mapped
  • Size and key risks will have been defined
17
Q

Risk?

A
  • Chances of finding an oilfield are small
  • Most will fail
  • Chance of success in North Sea is about 30% - exploration wells
18
Q

Appraisal?

A

• To determine whether the field can be developed economically
o How big is it
o What is the reservoir architecture
o What is the reservoir quality?
o Is it compartmentalised? – rooms
o Where are the fluid contacts? – oil – water contact
o Water are the petroleoum fluids?

Water contact: inject water under water contact to maintain pressure

Spill points: a rotated structure with spill points at ends of trap

19
Q

Re-use?

A
  • Gas storage: until price is higher

* Carbon storage