Schlumberger DeepwaterChallenges NOIA ver13(final)[1] · Source: BP Statistical Review, IEA World...

MEETING DEEPWATERCHALLENGES

Deepwater ChallengesNOIA/NEED Offshore Energy Workshop for Teachers

Robert Drummond President North AmericaSchlumberger


Topics

Schlumberger Introduction

Industry Outlook

Finding and Understanding the Reservoir

Reaching the Reservoir

Connecting the Reservoir

Schlumberger—Teaching Young People About Energy


Schlumberger ProfileProviding Products, Services and Solutions that Improve ProductivityThree Business Groups Reservoir Characterization Drilling Reservoir Production

2011 Profile Revenue: $39.54 billion Net Income: $5.01 billion 123,000 Employees 85 Countries, 168 Nationalities, 2,200 Locations $1.1B in Annual Research & Engineering


0

50

100

150

200

250

300

350

400

450

500

550

600

0

20

40

60

80

100

120

140

1970 1975 1980 1985 1990 1995 2000 2005 2010 2015

E&P

Expe

nditu

res (

$ billi

on)

Oil P

rodu

ctio

n (m

illion

bbl

/d)

Oil P

rice $

/bbl

Oil Supply and Demand—A Macro View

Source: BP Statistical Review, IEA World Energy Outlook, Monthly Oil Market Report, Medium-Term Oil Market Report, Lehman/Barclays, IFP. Revised 0112

Spare CapacityWorld Capacity

World Demand

Projected Growth in Supply and Demand

Oil Price ($/bbl)

E&P Expenditure


Long-Term Energy Mix

Source: IEA World Energy Outlook, 2011

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

1990 2009 2015 2020 2025 2030 2035

Mtoe

World Energy Mix, 1990-2035CoalOilGasNuclearHydroBiomass and wasteOther Renewables


The Big Crew Change Is Happening Now

Source: SBC O&G HR Benchmark 2011, SBC analysis

20102015

20–24 25–29 30–34 35–39 40–44 45–49 50–54 55–59 60–64 65+0%

5%

10%

15%

20%

25%

Age/Years

Petrotechnical Professionals (PTPs) by Age Bracket on a Global Basis

Schlumberger Global new hire requirements in 2012: 2,100 Engineers 675 Scientists


Recent Discoveries and Frontier Exploration

Source: Oilfield Review, US Bureau of Economic Geology, NPD, Infield, Company press releases

MozambiqueMultiple, Eni/Anadarko Under evaluation

North Sea Avaldsnes-Aldous, Lundin/Statoil/Maersk Largest discovery on NCS since mid-80s

Angola Pre-salt Cameia-1, Cobalt and Azul-1, Maersk Under evaluation

French Guyana Zaedyus, Tullow 72 meters of net oil pay

US Gulf of MexicoMoccasin, Chevron 380 feet of net pay

Mediterranean Aphrodite, Noble (310 ft net gas pay) Leviathan, Noble

Q4 2011 DiscoveryQ3 2011 Discovery

Barents Sea / Arctic Norway Havis, Statoil/Eni 48 meters of gas;128 meters of oil

Established

FrontierEmerging

2012 Exploration Projects


Variety of Challenges Drilling in Deepwater

Challenges of Deepwater Drilling. Source: Chevron 2007

8,000’

16,000’

24,000’

32,000’

40,000’

Sea LevelStorms and hurricanesLoop and eddy currents cause vortex induced vibrations and motions to drill stringsUnpredictable high pressure gas charged stringers and faults near surfaceMobile/flow-able/dissolvable 10,000’ thick salt canopy with unpredictable layers of highly variable trapped sedimentsUnpredictable base of salt –rapid pressure differentials“Thief zones” of significantly lower pressure which cause lost circulation – fluid lossUltra-deep reservoir with high temperatures, high pressures and low natural flow-ability


Finding the Reservoir

Unique seismic surveying technique 2 recording vessels 2 source vessels Advanced processing and interpretation Illuminates subsurface from all angles—

not a narrow range

Provides a clear competitive edge Superior resolution Highly efficient operations Illumination below complex salts

Year 2000, Narrow Azimuth, Conventional shoot

Year 2011, Full Azimuth, Coil shoot

Illuminating deep, subsalt targets Identifying drilling hazards Reservoir properties from seismic data De-risking targets, particularly WGOM


Reaching the ReservoirDrilling Technologies

Execution Expertise

Modeling and Prediction

Mud Logging

MWD

Drill Bit

Directional

Drillstring

Drilling Fluid

LWD

Drilling Tools


Connecting the Reservoir

Upside potential in subsea recovery Integration and control of subsea and subsurface technologyOptimizing the entire subsea production system for the life of the field

Subsurface

Surface

Subsea


Schlumberger Approach to the Subsea Market


Deepwater Lifecycle

Connecting

ThePrizeThe

PrizeFinding

Understanding

ProducingReaching


Schlumberger’s Commitment to Education

Through a collaboration with the American GeoSciences Institute (AGI) and the “SWITCH Energy Project”, Schlumberger is bringing new, unbiased energy educational videos and training materials to classrooms around the world.



Through a collaboration with the American GeoSciences Institute (AGI) and the “SWITCH Energy Project”, Schlumberger is bringing new, unbiased energy educational videos and training materials to classrooms around the world.

[Re-insert video here]



These topics, like Deepwater Exploration, are key decisions in our future: Affordable Available Reliable Clean

Technology will lead us to making Deepwater Development all four.


Thank you

Schlumberger DeepwaterChallenges NOIA ver13(final)[1] · Source: BP Statistical Review, IEA World...

Documents

Transcript of Schlumberger DeepwaterChallenges NOIA ver13(final)[1] · Source: BP Statistical Review, IEA World...