A mature field is one where production has reached its peak and has started to decline. About 70% of the world’s oil production comes from mature fields with many in the secondary or tertiary production phases. The average recovery factor is 70% for gas and 35% for oil. Even smaller recovery rates are common due to geological characteristics, resource constraints, or operational inefficiencies from old technology. Increasing ultimate recovery in these fields, often with reduced resources, is a common dilemma. However, given the vast reserves remaining, every percentage-point increase in recovery could add two years to the global hydrocarbon supply.
Mature fields are very important, as recent studies estimate that hydrocarbon production from these fields will account for more than one-half of the global energy mix for at least the next 20 years. Since most of the world’s oil basins have been explored and large discoveries are occurring less frequently, it will be critical for companies to improve recovery from mature fields. The great asset of mature fields is the large volumes of hydrocarbons in place that have been identified through drilling, testing, historical production, and pressure data. This generally provides very low risk related to encountering hydrocarbons while drilling.
Mature fields also benefit from existing wellbores, surface infrastructure, and government approvals that can provide timely redevelopment and improved economics on incremental recovery projects. Mature fields offer excellent opportunities to experiment with new reservoir-management techniques or technologies related to geoscience, production optimisation, enhanced-recovery schemes, drilling, and facilities with the objective of enhancing production levels or reducing field decline rates.
As existing production volumes decline, governments and oil and gas companies are actively seeking to enhance the yields of mature fields through innovative EOR technologies. Coupled with attractive high oil prices, investments in mature fields have never looked more promising!
The emphasis of the workshop is to facilitate discussion between the various stakeholders involved in mature field reservoir management strategy. This includes:
This workshop will be the first of its kind in India bringing together government, oil and gas companies, EPCs, oil field service operators, drilling companies, FPSO owners, technology and equipment providers, law, finance, and other key stakeholders to engage, exchange EOR know-hows, and form strategic partnerships for capitalising the region’s mature field investment opportunities.
Two (2) days of informal discussions prompted by selected keynote presentations and discussions. Workshops maximise the exchange of ideas among attendees and presenters through brief technical presentations followed by extended Q&A periods. Focused topics attract an informed audience eager to discuss issues critical to advancing both technology and best practices. The majority of the presentations are in the form of case studies, highlighting engineering achievements, and lessons learnt. In order to stimulate frank discussion, no proceedings are published and the press is not invited to attend.
Registrations will be accepted on a first-come, first-serve basis. The Steering Committee encourages attendance from those who can contribute to the workshop most effectively either in discussions or with posters. A mix of attendees in terms of geographic origin, companies, and disciplines will be encouraged.
In keeping with workshop objectives and the SPE mission, commercialism in posters or 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 in the workshop. This certificate will be provided in exchange for a completed Workshop Questionnaire.
Attendees at this workshop qualify for SPE Continuing Education Units (CEU) at the rate of 0.1 CEU per hour of the workshop.