This one-day workshop will bring together operators, service companies, research bodies, regulatory authorities, academia, and other interested parties in an open and collaborative environment.
The lifecycle of an unconventional development, from reservoir characterization, through asset design, installation, optimization, and infill development to retirement will be discussed. The targeted outcome is to identify significant cost drivers that risk competitiveness, and identify opportunities for improvement through implementation of industry best practices using a continuous improvement approach.
Topics will include asset development strategies; component optimization including KPI’s such as production, cash flow, Opex, NPV, IRR, $/bbl; integrated planning and execution concepts; technology integration; and consideration for wind-down and abandonment.
WHO SHOULD ATTEND
This workshop is intended for any management, operations, engineering, and technology practitioner engaged in the development, execution or operation of wells, facilities or associated infrastructure related to unconventional fields including thermal, shale gas, and shale oil.
Field assets, including wells, facilities and associated infrastructure can comprise up to 80% of the total lifecycle capital of an unconventional program. These costs have grown significantly over the last ten years to the point that it is not cost competitive on a global basis. This is not only a major barrier to investment for future and existing projects but production volumes are at risk.
A recent study has shown that Alberta’s attractiveness to investment is 43rd out of 96 jurisdictions, British Columbia is 18th & Saskatchewan is 4th. While public policy has an impact on this, our cost competitiveness needs to be addressed in order to be able to supply this resource to North America and the world. Integrated, efficient development, execution, and operation of these world class resources, including thermal, shale gas, and shale oil is key to unlocking them.