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Panel Sessions

16 September

Executive Plenary Abstract:

It is an accepted fact that the oil industry has to deal with increasingly more complex and challenging reservoirs as the ‘easy oil’ reservoirs have already been developed.  This calls for new and innovative approaches in the characterization and modelling of the complex reservoirs.

The new approaches should look into the following aspects:

  1. Increase collaboration among stakeholders to encourage new technology being applied to maximize ultimate recovery.
  2. Well manage reservoir uncertainties so as to improve project economics.
  3. Implement best practices in reservoir surveillance to ensure optimum development.
  4. Create conducive environment whereby new talents are well rewarded in order to attract the best brains to the industry. 

Panel Session 1—Abstract:

Today’s oil and gas exploitation demands revolutionary technology advancement to develop the increasingly challenging reservoirs. Inherently, the NOCs, IOCs and service providers have different business strengths and drivers. Working together and with academia, we can achieve great synergistic benefits. How do we envision recent industry trends resulting in a change from evolutionary to revolutionary technology development? Can we observe a balance shift between NOCs, IOCs and Service Providers when initiating innovative ideas? Where the NOC/IOC/service provider partnership has helped identify a particular research area of interest, consortia can be carefully selected to help develop cutting edge technology.

17 September

Panel Session 2—Lessons Learnt from Other Industries and How to Apply It to Oil and Gas

Technical innovations are needed across the oil and gas industry to increase production efficiency and meet the increasing demand for energy. Many industries, such as the mobile and communication industries, are known to constantly deliver innovations that revolutionise the way we work and communicate. This is often done at significantly faster turnaround times compared to the oil and gas industry. In this context, the panel session will discuss if and how the oil and gas industry could benefit from faster turnaround times between idea and final product and if this would indeed lead to unforeseen breakthrough technologies; elaborate on the risks and other reasons that keep our industry from adapting faster product cycles and being more innovative; and debate which industries may be able to provide emerging technologies to adapt in the oil and gas industry or offer new workflows to reduce the risk for bringing innovations on the market.

18 September

Panel Session 3—How Does Characterization and Modelling Integrate into the Decision Making Process?

A significant amount of effort and resources are spent in the oil and gas industry on characterization and modelling of reservoirs. The integration of these novel and innovative modelling approaches into the decision making process varies depending on the complexity of the reservoirs. Characterization and modelling have to incorporate the full range of uncertainties and mitigate associated risks.

Decisions span the life cycle of a reservoir and may range from early field appraisal to longer term field development planning, including potential IOR/EOR options.

The data needs and multidisciplinary teams needed vary depending on the type of reservoir to be developed—e.g. conventional/unconventional or the questions to be answered.