Introduction of a Hybrid training program. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC. The premise is that many individuals in the industry enter into projects early in their career with little prior knowledge of how projects are structured or the depth of integration necessary for a project to be successful, either because they previously worked in exploration, or because they are new to the industry, and little formal training is provided by most companies on the topic. This short course presents what we believe to be the essentials in a series of lectures and short exercises.
The purpose of this training exercise is to provide insight into the Client Operators' perspective of their workflows and understand the phases of typical projects utilizing subsurface characterization in Petroleum and other industries (for example Carbon Capture and Underground Storage). The training covers applications of geoscience knowledge, reducing uncertainties in Project outcomes, identifying risks and the opportunities to mitigate them, and outlining some of the human biases that may make that challenging. Throughout the training, we highlight opportunities for Stratum Reservoir staff to communicate the value of your company's expertise and services to the clients appropriately in the context of goals during the Project lifecycles.
This is the last collection of challenges and opportunities discussed at the end of the training sessions. How can Stratum Reservoir use this awareness of the project lifecycle in business development explaining the value of the services to the clients?
Individuals from both Service Companies and Operators have different sets of experiences working on industrial geoscience projects, both in terms of depth in a particular dataset and geographical breadth of experience. Mutual understanding and of those experiences can bring value to both parties. The conversations in this video highlight both the value that Stratum can bring to the clients and the difficulties sometimes encountered for cultural or individual reasons that may arise in those conversations.
First, we consider how companies try to assure that estimates of risk and uncertainty associated with critical prospect elements are made as objectively as possible utilizing a team approach. Most of the video is concerned with how those estimates must be supplemented/better understood during the early phases of a project in the event that the exploration well is successful. The participation of external experts in peer reviews, and the input of SMEs from Stratum, often ensures more objective assessments as a result of the reduction of the human biases that are often found in the evaluations of teams who do not seek objective external input.
At the location-specific phase of the subsurface characterization (either a prospect to be drilled in the oil business, or a site for injection in CCUS), Stratum Reservoir contributes to the understanding/management of risk and quantification uncertainty ranges in container definition for commercial hydrocarbon accumulation or storage capacity at the CCUS injection sites. As has been noted in previous talks, these two evaluation processes are very similar, and in both types of project data collection and analysis is a critical factor understanding the prospects/sites from a commerciality point of view.
At the Regional scale of subsurface characterization, Stratum Reservoir contributes to risk reduction in the definition of the critical components of Petroleum Systems (presence and quality of Source, Reservoir, and Seal) in sedimentary basins. In the assessment of the regional settings to understand the suitability of a region for CCUS injection sites, clients will be interested largely in characterizing Reservoir and Seal properties. The evaluation processes followed for the two types of characterization are very similar, with timely collection and analysis of the appropriate data for subsurface characterization being critical. Sometimes, there may be a challenge in communicating the value of the geoscience data collection and analysis to clients focused on cost management.
The Stage-Gate process is a framework for decision-making. In this video, Kevin introduces the points in the process that represent opportunities for Stratum Reservoir to manage ongoing interactions with the clients in the context of the client's needs for products and services during each stage of the Project. Our purpose is to demonstrate that new business opportunities may arise as a result of understanding the different stages of the client's project life cycle by Stratum Reservoir personnel. Products and Services could be explained and proactively offered in the context of the understanding of clients' business needs.
Examples include: • A recent example of the calibration of the multiphase meter (MPM). A client came to Stratum because they recognized that the mix of skills and ability in the labs could be of help to them. The innovative process involved iteration between the Stratum lab, the producer of the MPM, and the client, with gas and fluid samples being sent to and from, and Stratum equipment being modified to achieve the measurement ability required by the client. The outcomes are that Stratum has secured a long-term contract with the client, and has also developed a technique that can be sold as a service to other clients. • An example of an Internal LEAN Project (all tools and equipment “in its place”) to help with Lab efficiency. Planned where it would be beneficial and what scope was appropriate, executed the project at the planned scope, but are maintaining a “watch” on how it can be continued for maximum benefit and minimum effort. The end result is an optimized “Slim LEAN” lab! • The client requested suggestions from Stratum to implement changes to the procedure for assessing SWI. The change suggested by Stratum was implementing a centrifuge process with desaturation initially by gas, and subsequent reflooding with oil. The client was very pleased with the results obtained from the upgraded setup. • The client requested a change to the protocols for PVT measurement from a condensate-producing field because of an increase in mercury and H2S content. They were specifically interested in the partition of mercury between the liquid and gas phases in the transfer line, because of the economic impacts of commingling with fluids from other fields. A process was developed combining experimental and modelling/ analytical tools to provide solutions for both the mercury and H2S pollutants. The protocol has also been adapted for wax/asphaltene precipitation from co-mingled fluids, so now has a much broader application. Stratum-Norway managed effective communications between multiple partners on the client-side and various Stratum experts. • Change management in the middle of a project due to more complexity of the samples from unconsolidated core than expected, arising from the discovery of lower-than-expected permeability, possibly as a result of the incompatibility of the samples with water used to undertake the permeability experiment A good example of “recycling a project” after a review with the client, taking it back to an earlier stage. • The “Routine” lab in Norway works in a variety of ways, both onshore and offshore to satisfy client requirements. CCUS projects are on the rise in Norway. First well drilled for CO2 injection by Equinor – Stratum delivered results (from plugging, CT scan, slabbing and analysis) from 125m of core from water-wet formation (so a rapid cleaning process!) in two weeks, 50% ahead of the expected schedule to the full satisfaction of the client.
Learning from the existing Stratum Reservoir projects and communications with clients: The early-stage project, collaborating on data collection for subsurface characterization for CCUS. This requires guidance to the clients on data collection requirements and practices, the benefits of the acquired data both for experiments/analyses conducted at Stratum, and how the results of the analyses will benefit the types of modeling that could be done by the client for storage site selection and monitoring. The aim is to have a mutually beneficial relationship, where in the client appreciated the value of data collection and therefore brings more work to Stratum. An example of how the long-term Project is a result of quality work and good communication with the client over a period of more than a decade. The longevity of the Project has benefitted significantly from excellent internal communications between different Stratum offices as well as communication between the clients (which are a large NOC and IOC) and those offices. Importantly, coordination is handled centrally. A note of caution that the NOC coordinators are pre-filtering information which is practical yet limits Stratum project managers in learning the complete set of requirements. This long-term project is a perfect project for learning communications and building relationships. Field Operations in West Africa: Example of how the core analysis results would have impacted the operators' decisions on whether or not (in this case not) to go ahead with the DST program. The data from cores and fluid sampling are usually assumed by operators to be contributing to a bigger understanding of the field. In this case, however, if “hot shot” analysis had been done at the well-site, or if the client had waited for core analysis results before selecting the intervals for DST, there would have been a more positive outcome. This operator has modified the well site procedures and now takes core plugs at the rig site and analyzes them immediately, using an on-site facility designed and built by Stratum. Time is the essence and optimized logistics of the core handling deliver multimillion-dollar savings to the client.
The purpose of this training exercise is to provide insight into the Client Operators' perspective of their workflows and understand the phases of typical projects utilizing subsurface characterization in Petroleum and other industries (for example Carbon Capture and Underground Storage). The training covers applications of geoscience knowledge, reducing uncertainties in Project outcomes, identifying risks and the opportunities to mitigate them, and outlining some of the human biases that may make that challenging. Throughout the training, we highlight opportunities for Stratum Reservoir staff to communicate the value of your company's expertise and services to the clients appropriately in the context of goals during the Project lifecycles.
Introduction of a Hybrid training program. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC. The premise is that many individuals in the industry enter into projects early in their career with little prior knowledge of how projects are structured or the depth of integration necessary for a project to be successful, either because they previously worked in exploration, or because they are new to the industry, and little formal training is provided by most companies on the topic. This short course presents what we believe to be the essentials in a series of lectures and short exercises.
Joint Industry Project for Caribbean-Atlantic Margin-Gulf of Mexico Basins (CAMGOM)
El video se presentó en el ciclo de Charlas de VAPA- VenAmerica, y trata sobre la ventajas competitivas en la región desde el punto de vista energético, de sostenibilidad y de desarrollo de Venezuela en un futuro cercano, una vez que el país supere las actuales dificultades políticas. Con el talento humano y la riqueza de los recursos naturales de Venezuela, se puede crear el mejor lugar del mundo para invertir, trabajar y vivir. Se expone una narrativa para capitalizar el potencial energético de Venezuela.
The main objective of this review is to compare the geology of these two conjugate margins of Nova Scotia and Cadiz /Gharb. The methodology includes are view of key public scientific references, to summarize the main geological features, such as geodynamic evolution, stratigraphic column, and salt tectonics calendar
Our approach was to deploy the wisdom and knowledge of a group of experts in petroleum geology with a track record as oil finders in Venezuela to re-contextualize relationships between scattered information sources, placing them into a geological framework that may be used to support life-of-field extensions for existing producing properties and for generating new opportunities through play-based exploration in Venezuela.
With statistical analysis used in various economic forecasting, it is essential to have a relevant framework to group parameters characterizing the technical aspects of the projects into meaningful analysis. In the Petroleum industry, lease blocks are selected based on the remaining reserves' potential and geologic insights to unlock possible discoveries even in mature basins. Significant upside potential exists in Venezuela's petroleum assets, where the oil and gas industry stopped a natural petroleum province maturation process due to political reasons in the early 2000s.
Dr. Carlos Giraldo reviews essential considerations for the structural interpretation in Malay, Sarawak, and Sabah basins for exploration blocks offered for Malaysian Bid Round in 2021. He explains why the integration of 1- geodynamic modeling, 2- seismicity data, 3- stress field analysis, 4- think and thick skin deformation study, 5- seismic interpretation, and 6- outcrop fieldwork, is required for a valid regional structural interpretation.
Dr. Juan Francisco Arminio shares his experience and insights in finding new plays and developing new ideas exploring old plays in mature petroleum basins. He examines the development history of the Lake Maracaibo basin and the evolution of the geotechnical understanding of the petroleum plays in the region
Dr. Carlos Giraldo integrates structural geology concepts, geodynamics, seismicity, stress field analysis, field geology, and seismic interpretation, validating structural models for exploration blocks in Malay, Sarawak, and Sabah basins offered for Malaysian Bid Round 2021
Subsurface Characterization Projects Regional play-based Geology and Geophysicist assessments for oil and gas, and decarbonization projects Geostrategic exploration advisory Geoscience and engineering project economics and management Data collection/management and methodologies QA/QC Geospatial enablement 2D/3D Seismic planning, acquisition, processing, and interpretation
Technical advisor Geologist with more than 20 years of International experience most recently involved in unconventional plays exploration in Neuquén basin Argentina. Integrating exploration and development projects, from regional to prospect delineation. Clastic and carbonate petroleum systems experience, well log basic analysis and detailed well correlation. 2D & 3D seismic interpretation and sequence stratigraphy analysis. Hydrocarbon volumetric estimation, risk and economic assessment. Bid round blocks evaluation and new ventures experience. Ending PhD in sequence stratigraphy.
Highly qualified international executive with over 20 years of demonstrated leadership as an Oil Field Services executive. Operated as an officer in private equity mode with a successful exit in 2006, subsequently operated as an officer of a US public company for six years until it became private. Successfully expanded global markets, introduced new technology, and achieved year-on-year international growth of > 30% from 2006 -> 2009.
This report contains an exploration review of the Colorado Basin, located in southeastern Argentina, it has onshore and most extensive offshore sections with more than 125,000 Km2 of total extension. The basin has more than 70 years of exploration history, with a few wells drilled, one of them recovered 39º API Oil from Early Cretaceous Syn-rift sandstone. Three main plays were identified, with high exploration potential: Rift Margin Play, Continental Slope Play, and Thrust belt play.
One hour consultation with Marel Sanchez and full presentation first delivered and discussed at the First HGS/EAGE Conference on Latin America in November 2019. This conference focused on South American Petroleum Plays for Future Decades of the Third Millennium. Abstract of the presentation is available in U3Explore reports under the same title
The importance of oil and gas production from shale plays in the U.S in the last decade also draws attention to the Neuquén Basin in Argentina. The Vaca Muerta Formation is the most prolific source rock of the basin. Today, with approximately 110 MBls/d of oil and 1 Bcf of gas production from 1400 wells, it represents 5% and 23% of the total production of oil and gas of Argentina. Exploration potential The success of oil and gas production from shale plays in the U.S in the last decade also draws attention to Neuquen Basin in Argentina. The Vaca Muerta Formation is the most prolific source rock of the basin. Today, with approximately 110 MBls/d of oil and 1 Bcf of gas production from 1400 wells, it represents 5 % and 23 % of the total production of oil and gas of Argentina.