Short Course

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Mature Field Evaluation: Overview, Case Histories and Lessons

Sunday, 29 September 2024, 8:00 a.m.–5:00 p.m.  |  Muscat, Oman

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Course Content

Mature fields meet one or more of the following criteria: fields that have produced for more than 25 years, fields that have water cuts of around 95%, fields that have been neglected during low demand, fields that are currently in operation with obsolete technology, poor facilities, and market access. According to the U.S. Energy Information Administration, these mature oil fields are contributing up to 80% of world production, which could translate to 89 million barrels of oil per day. Often poor infrastructure and poor state of record keeping pose steep hurdles in monetizing these assets. A surprising fact is that in many of these fields, the oil is in very low-risk plays, often very shallow reservoirs, with low cost of recovery. In the low-price environments, a 1% increase in recovery factor and enabling reduction of a fraction of lifting costs could make all the difference in the breakeven price of oil. Conservative estimates of reserves are about 15-30 billion barrels in some of these basins. Unfortunately, some of these fields are poorly managed, through various EOR techniques, relying on antiquated subsurface geology images. Many of these fields possibly did not benefit from the technology growth in the last 10-20 years. These fields could see new life with 3D seismic data, and interpretation based on sound regional and prospect-level geology. Chronostratigraphic mapping and fit-for-purpose reservoir modeling could guide the appropriate recovery program, and a new breed of entrepreneurial spirit, for substantial rewards in these fields.

Who Should Attend

Geoscientists, petrophysicists, reservoir engineers, and production engineers with at least 5 years of experience.

Instructor

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Sharma Dronamraju
AKD Professional Solutions
View Bio
Fee:
$790 USD
Room Assignment:
TBD
Registration Deadline Extended:
12 September 2024

Venue

Mature Field Evaluation: Overview, Case Histories and Lessons
Oman Convention & Exhibition Centre
Muscat, Masqat
Oman
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Accommodation information is not yet available for this event. Please check back often.

Instructor

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Important Notes Regarding Short Courses

  • Short courses are limited in size and are reserved on a first-come, first-served basis and must be accompanied by a full payment.
  • If you do not plan on attending the conference, a US $30 enrollment fee will be added to the short course fee. This fee may be applied toward registration if you decide to attend the conference at a later date.
  • A wait list is automatically created if a short course sells out. AAPG will notify you if space becomes available.
  • Before purchasing non-refundable airline tickets, confirm that the course will take place, as courses may be cancelled if undersubscribed.
  • Please register well before the deadline of 12 September 2024. Short course cancellations due to low enrollment will be considered at this time. No refunds will be allowed on short courses after 12 September 2024
  • We will continue to take registrations for short courses not cancelled until they are either sold out or closed.
  • Courses will be held in the Oman Convention and Exhibition Centre unless otherwise indicated. Participants will be advised via email of the specific location approximately two weeks prior to the course.
Cancellation Policy
  • Cancellations can be made by contacting ICE Registration on or before 12 September via email at [email protected]
  • Cancellations received on or before 12 September will receive a refund LESS a US $75 processing fee.
  • Refunds will not be issued after 12 September or for “no shows.”
  • You may substitute one participant for another.

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