Engineered Salinity EnerCom Presentation€¦ · EnerCom Presentation February 11, 2020 About ESal...
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Engineered Salinity EnerCom Presentation February 11, 2020
Transcript of Engineered Salinity EnerCom Presentation€¦ · EnerCom Presentation February 11, 2020 About ESal...
Engineered Salinity EnerCom PresentationFebruary 11, 2020
About ESal
Family owned and operated
Over 60 years of experience in oil and gas
Revenue > $1 million in 2019
Consistent 200%+ growth over last 3 years
GPM~84% NPM~ 38%
Product cost discounted for early adoption
No debt to date
All work processes patented or protected
Actively seeking strategic capital partners to
grow and accelerate 2020 goals
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Our M is s ionProvide a low cost and efficient method to enhance
worldwide oil recovery to every size operator through an
environmentally and socially conscious platform.
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Focused on improving worldwide recovery from 32% to >60% while maintaining profits at
market conditions of $40/bbl.
Exp lorat ion to Exp lo i ta t ionW
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• Conventional Oil discoveries are at a 70-year low
• Shale discoveries have offset decline in conventional supplies
• While production in shale is currently prolific, many issues
loom:
• Lower EUR (7-12%)
• Rapid decline rates
• Majority of drilling is in “sweet spots” which will be
fully utilized in the next decade
Exploitation of
current inventory is
the best method for
maintaining
production long-term
Oil Demand is
predicted to be
steady for next 25
years
Altering
wettabi l i ty
We’ve spent a decade studying the
relationship of wettability and salinity
in oil reservoirs to develop a suite of
tools to offer producers maximum
recovery.
Our understanding of altering
wettability through salinity is
unmatched in the industry.
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Considerations
▪ Wettability controls electrical properties,
capillary pressure, relative permeability,
waterflood behavior, ultimate recovery and EOR
options
▪ In many (>60%) reservoirs, wettability is sensitive
to salinity
▪ Using the correct salinity to maintain favorable
wettability
▪ Change salinity to improve wettability and oil
recovery
The best oil recovery is
at neutral wettability
Changing salinity will alter
wettability in many reservoirs
Our Solution - Wettabil ity Control by SalinityW
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An estimated change in residual oil
saturation of ~ .18 units maximum
Oil Saturation Change
In this case, lowering salinity
resulted in the reservoir becoming
less water-wet until a certain point
and then reversing the effect as
salinity continues to lower
Salinity Sensitivity Analysis Enhanced recovery of ~200k bbl
over a standard waterflood could be
achieved by simple water salinity
adjustment
Production Estimation
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An estimated change in residual oil
saturation of ~ .25 units maximum
Oil Saturation Change
In this case, lowering salinity
resulted in the reservoir becoming
less oil-wet through entire sweep
Salinity Sensitivity AnalysisEnhanced recovery of ~650k bbl
over a standard waterflood could be
achieved by simple water salinity
adjustment
Production Estimation
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An estimated change in residual oil
saturation of ~ .22 units maximum
Oil Saturation Change
In this case, lowering salinity
resulted in the reservoir becoming
less water-wet until a certain point
and then reversing the effect as
salinity continues to lower
Salinity Sensitivity Analysis Enhanced recovery of ~10k bbl
during IP could be achieved
Production Estimation
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No change in residual oil saturation
Oil Saturation Change
No effective change in wettability is
achieved by altering salinity
Salinity Sensitivity Analysis
• Ability to use produced water
without jeopardizing loss of
recovery
• Inexpensive determination to de-
risk project decisions
Why you want to know
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Our process
Stepwise Process to Minimize Risk
• Screening to evaluate assets
• Laboratory Testing for Salinity
Sensitivity
• Economic Analysis
• Salinity Design and
Specifications
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Ana ly t ica l Sc reening Tool WW
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Laboratory Ana ly ses
• Modified Floatation Test used to evaluate
salinity sensitivity of rock/oil/water
combinations
• Thousands of tests conducted
• Results comparable to industry standard
techniques such as Amott and Contact Angle
• Advantages over other techniques:
• Fast
• Inexpensive
• Accurate
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ESal® is the simplest and lowest cost
technique to improve recovery in the oil
market today
The Value of ESal
Why ESal
• 5-15% increase in recovery OOIP
• Rapid response in only 3-9 months
• Low cost - $0.50 to $4.00 per incremental
bbl of oil
• Applicable in any stage of the field lifecycle
• Increase reserves
• Lower project payback period
• Little to no change in Infrastructure
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Strategy and Goals for 2020
Scale-up
Improve internal
capabilities to further
market penetration
Predictive
Model
Complete in-house
testing of over 1000
rock/oil/water
combinations
Concept Validation
Field studies in progress
or planned with numerous
producers
Software MVP
Develop MVP for software
solution to integrate with
industry standard
reservoir models
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