This programme is taking place 8 July 2019 and will be hosted alongside SPE Workshop: Digitalisation—Disruption or Evolution? on 8–10 July 2019 at Bengaluru, India.
Who Should Participate?
Students and Young Professionals
Volve Field in the Norwegian North Sea: 2008–2016.
The field, located 200 km west of Stavanger at the Southern end of the Norwegian sector, was decommissioned in September 2016 after 8.5 years in operation, more than twice as long as originally planned. Volve reached a recovery rate of 54% and in March 2016 the licensee decided to shut down its production permanently. The field was originally scheduled for 3–5 years of operation. At plateau, Volve produced some 56,000 barrels per day and delivered a total of 63 million barrels.
The Volve field was discovered in 1993 (Discovery well 15/9-19 SR). Located in the central part of the North Sea, 5 km North of Sleipner East, water depth 80 m. Volve was developed when oil prices were low. A non-traditional concept was chosen to extract resources easily and profitably. The plan for development and production was approved by NPD in 2005. A description of field development can be found in the PUD report. The reservoir in the Volve field consists of Jurassic sandstones at 2750–3120 m TVD ss, the field was produced with water injection as pressure support. Volve was shut down in 2016 by the decision of the partners. Removal of subsea equipment was completed in the summer of 2017.
How to Access the Data Set?
The data for Volve field can be downloaded by creating an account and following the instructions on the dedicated website.
- Base Oil Price: USD 50/bbl
- Base Gas Price: USD 3.00/MMBtu
- Budget: USD 500M
- OPEX: USD 20/BBL
- Capex: New Well 5M/well
- Well Conversion: 200K/well
- Workover in case of well conversion: 50K (50% of well would undergo workover and modification in case of well conversion—rounded to the immediate higher positive integer: e.g. in case of 17 wells converted from producer to injector and/or injector to producer 5 wells need workover for 4.25)
- Lift System: 100K
- Exit Option: USD 50M
- Contract Cut-off: 2035
Using the data from the link and the financial data provided above, teams need to provide the following:
- Generate Reservoir Quality Index
- Develop Optimised Production Forecast profile
- Ultimate recovery
- Development strategy – use of secondary and tertiary recovery – for maximum NPV generation If any changes and modifications to wells (new wells, producer to injector, etc.) are suggested, provide the strategy/justification
- Identify key parameters for your solution and develop a dashboard to showcase and justify analysis and prediction
- Account of digital technologies used for solution development (e.g. Cloud, Machine Learning, Advanced Analytics, Visualisation, etc.)
- Submit your group's interest (a maximum of 5 individuals) to participate by emailing Khushbu Rajwani.
(the 5 participants can be a mix of various universities and young professionals). All do not need to belong to the same university and/or company)
- Maximum of 10 content slides (+1 opening slide +1 closing slide)
- Slides should answer questions 1–6 mentioned above
- Slides should describe the methodology applied
- Slides should demonstrate the application of digital technologies used (methodology and thought process of application of technology)
- Any suggestions to implement any technology in the field but not used for developing a solution for the case study will not be considered as a use of digital technology
- Participants may share any innovative suggestions for field implementation, however, these suggestions are not mandatory and might not be considered in the evaluation
- Respect intellectual property rights and mention sources wherever necessary
- All the proof points necessary for evaluation should also be submitted (python scrips, models, etc.)
- 25 May - Submissions close
- 25 May to 1 June - Committee to review submissions and select top 5 teams
- 5 June - Announce the top 5 teams
Benefits for the Winning Team
- The winning team will receive complimentary registrations to attend the SPE Workshop: Digitalisation—Disruption or Evolution? OR they can avail these complimentary registrations for any of the workshop or conferences taking place in the MENA and India Region**
- SPE will honour and feature the winners through the regional email and on-site by presenting a plaque at the inauguration session
- Should winners wish to use their complimentary registrations for the SPE Workshop: Digitalisation—Disruption or Evolution?, they will be assigned as scribes for the workshop
Commitment Required by the Participant
Travel and accommodation costs to be borne by students and young professionals
**Except ADIPEC, ATCE, IPTC, and MEOS