Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf

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  • 7/27/2019 Introduction to Petroleum Engineering - Lecture 3 - 12-10-2012 - Final.pdf

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    BEng (Hons) Petroleum Engineering

    Course:

    Introduction To Petroleum Engineering

    Instructor

    Dr. Tarek Darwich

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    Course Outlines:

    What is Petroleum Engineering?

    The Life Cycle of Oil and Gas projects,

    Origin, formation and accumulation of Petroleum,

    Oil & Gas Exploration,

    Appraisal of Oil & Gas Discoveries,

    Development of Oil & Gas Discoveries,

    Producing Oil & Gas Fields,

    Transportation of Oil & Gas,

    The Petroleum Industry & the Environment,

    Petroleum Economics.

    Introduction to Petroleum Engineering

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    E & P Project Cash Flow

    Introduction to Petroleum Engineering

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    Risk & Uncertainty

    Introduction to Petroleum Engineering

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    Risk is the probability that a parameter of interest fails to work at theminimum level expected.

    Uncertainty is the variation in or the range of possible outcomes.

    The probability of a discovery is defined as the product of the following majorprobability factors:

    Reservoir

    Trap & seal formation

    Generation, migration and accumulation of hydrocarbon

    Retention of hydrocarbons after accumulation

    Any prospect with less than 10% probability is a very risky prospect.

    During exploration phase there is a big uncertainty regarding the size of anypossible discovery.

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    Probability & Risk

    Introduction to Petroleum Engineering

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    Probability vs Risk Geological Probability Assessment

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    Probability Of Success (POS)

    Introduction to Petroleum Engineering

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    Resources/Reserves Estimation

    Introduction to Petroleum Engineering

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    Resources/Reserves Estimation

    Introduction to Petroleum Engineering

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    Uncertainty in Reserves/Resources Estimation

    Introduction to Petroleum Engineering

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    Relationship between Geological Features & Resources Estimation

    Introduction to Petroleum Engineering

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    Relationship between Geological Features & Resources Estimation

    Introduction to Petroleum Engineering

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    An Example of Estimating the Probability of Effective Migration & Timing

    Introduction to Petroleum Engineering

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    The Typical Exploration Strategy

    Introduction to Petroleum Engineering

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    Prospect Evaluation Steps

    Introduction to Petroleum Engineering

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    Prospect Evaluation Steps

    Introduction to Petroleum Engineering

    Year 2012 - 2013

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    Prospect Evaluation Steps - Example

    Introduction to Petroleum Engineering

    Year 2012 - 2013

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    Prospect Evaluation Steps - Example

    Introduction to Petroleum Engineering

    Year 2012 - 2013

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    Prospect Evaluation Steps Example (Continued)

    Introduction to Petroleum Engineering

    Year 2012 - 2013

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    Prospect Evaluation Steps Example (Continued)

    Introduction to Petroleum Engineering

    Year 2012 - 2013