Brent Charlie Ultra Late Life. A Journey in Optimising for Platform Decommissioning

Similar documents
USING SKUA IN SHELL - GEOSIGNS

GE OIL & GAS ANNUAL MEETING 2016 Florence, Italy, 1-2 February

Assist & Assure. Embedding our Safety Agenda

SHELL S MBM PROGRESS AND PLAN

Business Update Shell Trinidad and Tobago. Colette Hirstius GM Developments

WORKING IN PARTNERSHIP TO IMPROVE COMMUNITY ENGAGEMENT: A CASE STUDY FROM THE PROPOSED PETERHEAD CCS PROJECT

Operational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC

WELLBORE ABANDONMENT CHALLENGES & OPERATIONS A-1, A-2, A-3, A-5, A-6, DEEP MENSA A-4 (PREVIOUSLY ABANDONED)

Shell s Journey to Mobility

Operational Intelligence to deliver Smart Solutions

Shell Project Delivery Best Practices Dick L. Wynberg, GM NOV Projects Integrated Gas Shell Global Solutions International B.V

Definitions & cautionary note

SHELL CANSOLV AT THE TCM DEMONSTRATION PLANT Delivering the CANSOLV DC-201 enhanced solvent

FUGITIVE EMISSIONS AND TYPE TESTING OF VALVES

WELLVANTAGE REMOTE OPERATIONS DEEPWATER

UK OIL & GAS SHARE FAIR 2015

Draugen Infill: Optimizing late life production with Subsea Processing

Managing Ageing Infrastructure

Shell Subsea Experience

Brazil Shareholder visit 2016 Re-shaping Shell, to create a world-class investment case

ENHANCING PRODUCTION PERFORMANCE OF DUAL COMPLETION GAS LIFTED WELLS USING NOVA VENTURI ORIFICE VALVE

ADVANCED PROCESS CONTROL IN SHELL

Delivering Value From Category Management In A VUCA World

BC-10 PARQUE DAS CONCHAS

Enhancing Deep Water Production Surveillance with PI Coresight

Shell Exploration and Production EP Americas. Institute of the Americas May 13, Olivier Lazare Vice President, New Business Development

Foam Injection Via Capillary String in Vicksburg Dry Gas Wells in South Texas

SIMPOSIO SPE ARGENTINA EXPLORACIÓN Y PRODUCCIÓN DE RECURSOS NO CONVENCIONALES Agosto, Neuquén, Argentina. Delineando el desarrollo

Supplier Development and Keys To Supply Chain Success

The Schoonebeek Field: EOR redevelopment of a European onshore giant

Deepwater Exploration, Development and Production A Better Understanding?

Pilot Installation of A Deep Gas Lift System to Optimize Gas Lift Well Performance

WELLVANTAGE REMOTE OPERATIONS DEEPWATER

DEEPWATER GULF OF MEXICO EMERGING PLAYS

Case Study: Shell UK Subsea Wellhead Recovery Campaign 2017

Issues and Considerations for BWMS Existing Ships Impact Overview. Sid Kulbhaskar, Shell Shipping & Maritime

WATER INTAKE RISERS FOR PRELUDE FLNG

Delivering structural shell V126 at half the capex. by Rob Sauven, VP, Wind Capture Systems

SPE: Management and Information (M&I)

KONGSBERG OIL & GAS TECHNOLOGIES. Egil Haugsdal, President

Anadarko Basin Drilling Learning Curves Drivers. Pete Chacon

Coiled-tubing operations and basic tools

Halliburton and Baker Hughes Creating the leading oilfield services company

Deep Panuke Project Update CORE 2009 Dave Kopperson, Vice President, Atlantic Canada

Tony Owen, Subsea and Pipelines Decommissioning Delivery Manager AOG February 2017

PRELUDE FLNG A STORY OF INNOVATION

Acquisition of GEODynamics. December 13, 2017

Husky Energy East Coast Update

Pareto s Annual Oil & Offshore Conference

Analyst Day Real change starts here. Doug Pferdehirt, Chief Executive Officer

Prophecy Returns Silver, Zinc, Lead Assays from Latest Pulacayo Chip Sampling Programs

Forward-Looking Statement

A Step Change in Activity

Jefferies 2014 Global Energy Conference. Maryann Seaman Executive Vice President and Chief Financial Officer

The world s largest oil discovery Melbourne Mining Club Cutting Edge Series 15 March 2016

The Next Generation of Reeled Pipe Lay Vessels: for Ultra Deep Water Field Developments in Remote Locations

Shaping competitive solutions for the future

FMC Technologies Overview Fourth Quarter Director, Investor Relations Matt Seinsheimer

FAR in the MSGBC Basin

Integrity Monitoring? New thinking in the approach to Subsea IMMR. Dr Karl Woods, Snr Subsea Reliability Engineer 22/2/2017

BRENT DECOMMISSIONING STAKEHOLDER DIALOGUE EVENT

Managing Well Integrity Data in a Growing Company. Rob Noble P.Eng. Drilling & Completions Laricina Energy Ltd.

NU-OIL AND GAS PLC. AGM January 2019

DNB s oil and offshore conference. Idar Eikrem, CFO

Overview. One of Canada s largest integrated energy companies. Headquarters in Calgary, Alberta. Permanent Employees: ~5,000

EMP Approval to Drill Next Dome Complex

Exploration & Reserves. Stephen Enders, Sr. VP, Worldwide Exploration

Sanford Bernstein Strategic Decisions Conference. May 2014

Nido Petroleum Limited Investor Update. Phil Byrne, Managing Director

For personal use only

An Introduction to Oil & Gas Drilling and Well Operations

Electrical Products Group Conference

From late-life reservoir management through to final permanent abandonment, we create bespoke solutions to meet your specific well requirements.

Corporate Presentation January 2012 THE TERMO COMPANY, LONG BEACH, CALIFORNIA

Marvin J. Migura. Oceaneering International, Inc. Executive Vice President. Safe Harbor Statement

Compact subsea gas compression solution for maximized recovery

For personal use only

Phoenix project drilling update 29 June 2017

Click to edit Master title style

For personal use only

M. Kevin McEvoy. Oceaneering International, Inc. President & CEO. December 2, 2014 New York, NY. Safe Harbor Statement

For personal use only

BRAZIL ENERGY AND POWER CONFERENCE. Americo Oliveira McDermott Brazil General Manager September 20, 2015

Phoenix South-3 drilling commenced 17 April 2018

Suspended Subsea Well Monitoring CaTS TM Wireless Technology. Donald Horsfall RPLM (ECIS)

Oil and Gas UK Well Integrity Guidelines

FORM 8-K. MCORPCX, INC. (Exact name of registrant as specified in its charter)

Mid-Atlantic Investor Meetings. February 2013

Capital One Securities, Inc.

NEWMONT MINING CORP /DE/

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

For personal use only

Faroe Petroleum plc ( Faroe, the Company ) Asset swap transaction Maria discovery swapped for Norwegian production assets

International development

Vessel Dynamic Stability during Deep Water PLET Installation a case study

GWF-1 Development DrillWell

HIGH GRADE INTERCEPTS FROM LISEIWI PROSPECT, BLOCK 14

FY2004 Results Briefing Session. May 24, 2005

2018 Strategy Preview. February 1, 2018

FY2007 First-Half Period Results Briefing Session. November 19, 2007

Transcription:

Brent Charlie Ultra Late Life A Journey in Optimising for Platform Decommissioning Ian Jackson, Andy Colman, Fola Sanwoolu & Joanna Chan Production Technology Brent Field, Shell UK Ltd 1

Disclaimer Reserves: Our use of the term reserves in this presentation means SEC proved oil and gas reserves. Resources: Our use of the term resources in this presentation includes quantities of oil and gas not yet classified as SEC proved oil and gas reserves. Resources are consistent with the Society of Petroleum Engineers 2P and 2C definitions. Organic: Our use of the term Organic includes SEC proved oil and gas reserves excluding changes resulting from acquisitions, divestments and year-average pricing impact. Resources plays: Our use of the term resources plays refers to tight, shale and coal bed methane oil and gas acreage. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this document Shell, Shell group and Royal Dutch Shell are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words we, us and our are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. Subsidiaries, Shell subsidiaries and Shell companies as used in this document refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to as joint ventures and companies over which Shell has significant influence but neither control nor joint control are referred to as associates. The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as anticipate, believe, could, estimate, expect, intend, may, plan, objectives, outlook, probably, project, will, seek, target, risks, goals, should and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory measures as a result of climate changes; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shell s 20-F for the year ended 31 December, 2015 (available at www.shell.com/investor and www.sec.gov ). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, 7th Dec 2016. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation. There can be no assurance that dividend payments will match or exceed those set out in this presentation in the future, or that they will be made at all. We use certain terms in this presentation, such as discovery potential, that the United States Securities and Exchange Commission (SEC) guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330. 2

Agenda n Brent Charlie: 40 Years Young n Entering the Oil Industry n The Decommissioning Mindset n What is Plug and Lubrication (P&L)? n Opportunities: n Production (I thought you said decommissioning?) n Operating Cost Reduction n Development n Summary 3

Brent Charlie: 40 Years Young Brent Field: n Discovered in 1971 n Producing for 40 years n 50/50 JV with ExxonMobil n Charlie last remaining producer n 16 active wells Current Status: n Alpha: P&L complete, P&A ongoing n Bravo: P&A complete n Charlie: Producing, P&L/P&A ongoing n Delta: Topside lifted, legs capped A B C D 4

Entering the Oil Industry n Were there opportunities for new graduates anymore? n How could a new graduate develop in such a climate? n What was the general mood like surrounding the industry? Jun 2014 $114.82 Joined Shell 14 th Sep 2015 $46.48 Jan 2015 $27.30 Today ~$50 My Career 5

The Decommissioning Mindset Move from Ensuring a well is fit for production To Ensuring a well is fit for decommissioning The platform priority was safely abandoning wells starting with Plug and Lubrication (P&L). 6

What is Plug and Lubricate (P&L)? Formation Top Sea Prior to Abandonment (P&L'd) D C B A A B C D 1 well Deep set wireline bridge plug set to isolate from reservoir fluids. Bottom Utsira Sst 4 Utsira Shale 4 Utsira Sst 3 Utsira Shale 3 Utsira Sst 2 2 Tubing punched / perforated above production packer. Utsira Shale 2 Utsira Sst 1 Utsira Shale 1 Lark Fmn Skade Sst Horda Fmn Frigg Sst ISW ISW 3 Well lubricated to ISW and all HCs removed. Horda Fmn (Shale) Balder Fmn Lista Fmn Maureen Fmn 1 Why P&L a well upfront? n Remove integrity risks for long term shut-in wells n De-risks wells for Plug and Abandonment (P&A) n Saves ~7 days rig time n Opportunity to utilise wireline for other 2 Shetland 3 Kimmeridge Clay Top Reservoir activities! 7

The Opportunities Increasing Production n Well Deliquification n Scale Treatment n Perforations n Retrofit Gas Lift n MSAS-G Installation n SSSV/GLV c/o 8

The Opportunities Reducing Operating Cost n Maintenance Scope Reduction n WIT Optimisation n SIT Optimisation 9

The Opportunities Professional and Technical Development n Shell Graduate Development Programme n 8 Key Competencies covered by 99 proof points n Only 3 are in Abandonment n 96 are in Production n Now managed to develop 82/99 n Offshore team n Learn about topsides, intervention equipment n Pass on subsurface understanding 10

Summary n Ultra Late Life does not mean no opportunities! n Simultaneous abandonment / barrel casing n Production gains / operational cost reduction n Professional and technical development n Move from optimising for production to optimising for decommissioning 11

Q&A Ian Jackson Production Technology Special thanks to Al Tucker, Danial Leybourne, Darren Paul, Sham Rahman, Operations and Well Engineering.