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global energy in the new millennium

Improving Recovery The Hidden Supply


Presented by: Andrew Gould
Executive Vice President Schlumberger Oilfield Services

Introduction
global energy in the new millennium

Trends in Oil Supply and Demand


global energy in the new millennium
14 12 10 8 6 4 2 0 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00

Millions BOPD
18 16

4 Quarter moving average


Total Demand-60 Total Supply-60 OPEC Supply-18 Non-OPEC Supply-40 FSU Supply Non-OPEC exc. FSU Supply-28

Outline
global energy in the new millennium

Current upstream technologies impacting productivity Technology trends of the future Impact of these technologies

Marine Seismic Acquisition


global energy in the new millennium

Improved Productivity
global energy in the new millennium
20 18 16 14 12 10 8 6 4 Cables 800 600 400 Spread 2000 1800 1600 1400 1200 1000 Length 10000 9000 8000 7000 6000 5000 4000 3000 2000 2 200 0

1984 - 2 Streamers 1999 - 12 Streamers

Streamer Footprints

1984

1999

2D and 3D Imaging
global energy in the new millennium
Clearer bedding contacts Continuous layers

2D

3D

Clear fault

Multicomponent Seismic
global energy in the new millennium

Geophones measure motion and direction

3D and Multicomponent Seismic


global energy in the new millennium

Conventional data

Multicomponent data

Finding the Hidden Supply


global energy
1985

in the new millennium

1995

Difference

Conventional Land Seismic


global energy in the new millennium
Averaged trace analogue data

Q Land
global energy in the new millennium
Q single sensor Digital data Broader bandwidth

Q Marine
global energy in the new millennium Conventional Array Q Single Sensor

Better resolution Clearer events

MDT and CMR Tools


global energy in the new millennium

Imaging the Hidden Supply


global energy in the new millennium

MDT and CMR Tools


global energy in the new millennium

Production Simulation
global energy in the new millennium

Reaching the Hidden Supply


global energy in the new millennium

Steering the Well Trajectory


global energy in the new millennium

Optimal Well Placement


global energy in the new millennium

Reservoir Monitoring
global energy in the new millennium

Monitoring Drainage
global energy in the new millennium Field experiment

Intelligent Completions
global energy in the new millennium

Intelligent Completions
global energy in the new millennium

Realtime Reservoir Management


global energy in the new millennium

Worldwide Crude Oil Reserves


global energy in the new millennium

1 Trillion Barrels

The Hidden Supply


global energy in the new millennium

1% = 10 billion barrels

Global Oil Production


Production billion barrels per year

global energy in the new millennium

40 35 30 25

EUR = 2600 Gb

EUR = 2200 Gb
20 15 10

EUR = 1800 Gb + Gas Production -

5 0 1950

Actual & Forecast Gb

1970

1990

2010

2030

Sources: WRI, EIA, and CERA

EUR = Estimated Ultimately Recoverable Reserves

Conclusions
global energy in the new millennium

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