As worldwide oil and gas production continues to decline and cheap and easy hydrocarbon resources are getting scarcer, increasing focus is being placed on the development of “marginal field” resources.
Different NOC’s and IOC’s often have their own definition of the term “marginal field; however, the generally accepted meaning refers to “an oil field that may not produce enough net income to make it worth developing at a given time. However, should technical or economic conditions change, such a field may become commercial field.”
There are a number of parameters that can affect commercial viability including environmental concerns, need for good reservoir understanding/management, project risks and risk management, schedule to first gas/liquids, surrounding infrastructure, a sound contracting strategy, fiscal terms, political stability, and the price/price stability of the produced gas/liquids.
Conventional thinking regarding development of such fields is often not applicable and increasingly niche and new players to the industry are playing a major role providing the innovative ways of unlocking limited reserves which are required to overcome the economic challenges. This innovation is often based on utilizing recent or cutting edge technology, simpler and cheaper development options, learning from previous commercial experiences and a willingness to explore creative business solutions. Typically, the decision making process is short to allow fast track development of the resources.
This applied technology workshop will promote a thorough understanding of the complexities in developing marginal fields through focusing on technological requirements and commercial viability through in depth discussions on the following subject matters:
The workshop is designed for practicing professionals who work directly or indirectly in any of the following areas:
1. Proceedings will not be published; therefore, formal papers and handouts
are not expected from speakers.
2. Work in progress, new ideas, and interesting projects are sought.
3. Professionally-prepared visual aids are not required; handwritten viewgraphs are entirely acceptable.
4. Note-taking by participants is encouraged. However, to ensure free and open discussions, no formal records will be kept.
In keeping with ATW objectives and the SPE mission, excessive commercialism in presentations will not be permitted. Company logos must be limited to the title slide and used only to indicate the affiliation of the presenter and others involved in the work.
All attendees will receive an attendance certificate attesting to their participation at the Workshop. This certificate will be provided in exchange for a completed Workshop Questionnaire.
This workshop qualifies for SPE Continuing Education Units (CEU) at the rate of 0.1 CEU per hour of the ATW.
Delegates are advised to book their international/domestic airline tickets early from their country/city to Langkawi, Malaysia. Further detailed transportation information will be available and included in the attendee package.
All travellers to Malaysia must be in possession of passports valid for at least six (6) months with proof of onward passage, either return, or through tickets. Contact your local travel agent for information on visa requirements to Malaysia.