oilfield business - 101
DESCRIPTION
Oilfield Business - 101. An overview of the Oilfield Industry Anu Kuehn 08/10/2009. Fun facts. US Oil industry – 75% natural gas and 25% Oil 8,000 companies with $80B combined revenue Half of these companies haveTRANSCRIPT
![Page 1: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/1.jpg)
HARCROSChemicals Inc.
Oilfield Business - 101
An overview of the Oilfield Industry
Anu Kuehn
08/10/2009
![Page 2: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/2.jpg)
HARCROSChemicals Inc.
Fun facts US Oil industry – 75% natural gas and 25% Oil8,000 companies with $80B combined revenueHalf of these companies have <5 employeesFragmented industryOnshore and Offshore operations Long process, Long timeCapital inten$ive – Drilling 35% industry revenueEver changing Government Rules and RegulationsDemand driven activitiesTechnology plays major role
![Page 3: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/3.jpg)
HARCROSChemicals Inc.
Oilfield Sectors
Upstream Exploration Drilling Cementing Completion Production
Downstream Refining and Processing Distribution and Marketing
![Page 4: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/4.jpg)
HARCROSChemicals Inc.
Exploration
Surface geographical studiesData collections from public recordsGeophysical Surveys Magnetic, electromagnetic, gravity,, seismic
Reservoir Development tools Driller’s logs, cores and cuttings, wireline logs,
formation test data, and basin Modeling
Exploratory wellsMany uncertainties and costlyLack of success can cost from $5M to $20M
![Page 5: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/5.jpg)
HARCROSChemicals Inc.
Off shore Seismic Acquisition
![Page 6: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/6.jpg)
HARCROSChemicals Inc.
Cross section of a Reservoir
Gas
Oil
Water
FossilsMicroscopic view
Oil drops in grains of sandOil drops in grains of sand
yY
![Page 7: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/7.jpg)
HARCROSChemicals Inc.
Drilling
![Page 8: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/8.jpg)
HARCROSChemicals Inc.
Drilling Process Prepare the drill siteRigging up/moving the rig and related equipmentDrilling the surface holePump drilling mud/fluids Consists of water,
clay, special minerals and chemicals
Cools and lubricates the drill bit
![Page 9: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/9.jpg)
HARCROSChemicals Inc.
Drilling Process
Running surface casing (large steel pipe)CementingWell control Control
formation pressure
Prevent blow outs
![Page 10: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/10.jpg)
HARCROSChemicals Inc.
Spindle Top Blow out, 1901
![Page 11: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/11.jpg)
HARCROSChemicals Inc.
Drilling ProcessDrilling to final depthEvaluate formations/ decision makingSetting production casingAdditives
Corrosion control Filtrate control Lubricants Thinners Viscosifiers Surfactants
Deflocculants Dispersants Defoamers Shale stabilizers
![Page 12: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/12.jpg)
HARCROSChemicals Inc.
Cementing
![Page 13: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/13.jpg)
HARCROSChemicals Inc.
CementingPortland cement Objectives To seal the annulus after a casing string has
been run To seal a lost circulation zone To set a plug in an existing well To plug a well for abandonment
Cementing Additives Fluid loss and gas migration additives Cement retarders (increases thickening time) Cement extenders(to decrease the density) Accelarators, Dispersants and other special
chemicals
![Page 14: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/14.jpg)
HARCROSChemicals Inc.
Well CompletionMethod used is determined The characterstics of the reservoir Its economical potential
Methods Open-hole, perforated, tubingless
Drilling equipment is removedInstall the wellhead Seal off the well with safety valves and flow
control devices
Completion fluids Facilitates final operations before production Solids free Packer fluid inhibitors
![Page 15: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/15.jpg)
HARCROSChemicals Inc.
Production
Christmas treeChristmas treeOilwell head Pump Jacks
![Page 16: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/16.jpg)
HARCROSChemicals Inc.
Production MethodsInfluential factors
Underground pressure, oil/gas ratio, characteristics of rock, viscosity of oil
Primary Recovery Jed Clampett style Artificial lift (gas or pumps)
Secondary Recovery Acidizing
Corrosion Inhibitors, surfactants
Extenders, intensifiers, retarders
Hydraulic Fracturing Friction Reducers, gelling
agents, Proppants, breakers, biocides, clay control, surfactants
![Page 17: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/17.jpg)
HARCROSChemicals Inc.
Production Methods
Tertiary Recovery Chemical flooding
Polymer Surfactant-Polymer Alkaline
Gas injection CO2 Nitrogen Natural Gas
Water flooding Thermal Recovery
Steam drive Steam soak In situ combustion
![Page 18: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/18.jpg)
HARCROSChemicals Inc.
Production MethodsEnhanced Oil Recovery Original Oil In Place High water cut New investments Methods similar to tertiary recovery
Well servicing and Workover Part replacement Cleanout operations Well bore clean-up chemicals
Paraffin Inhibitors, Asphaltene Inhibitors Sand control
![Page 19: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/19.jpg)
HARCROSChemicals Inc.
Major Players in the Industry
Oil Companies (Operators) MNOCs – ExxonMobil, Shell NOCs – Petrobras, CNOC Independents – Anadarko, Devon
Service Companies Full service, Single service, global and
regional
Chemical CompaniesSpecialty and Commodity suppliers
![Page 20: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/20.jpg)
HARCROSChemicals Inc.
Supply Chain
S o lv en ts , e tc .. H u n tsm an , S te p an , B A S F
O ilfie ld C he m ica l C o m p an iesC lea rw a te r , C h am p ion , N a lco , a nd P e tro li te
Solvents, etc.
Huntsm an, Stepan
Niche Chem ical CompaniesSurfactants, Polymers, special processing
L a rg e C om m od it ie s S up p lie rsA c ids , S a nd
L a rg e d istr ib u to rs fo r V M I
O ilfield Service Com paniesBaker Hughes, BJ, HAL,SLB and W eatherford
S o lv en ts , e tc ..
H u n tsm a n , S tep an
O ilfie ld C he m ica l C o m p an iesC lea rw a te r , C h am p ion , N a lco , a nd P e tro li te
Solvents, etc.
Huntsm an, Stepan
Niche Chem ical CompaniesSurfactants, Polymers, special processing
Regional Service CompaniesSuperior W ell services, Cudd pum ping
O ilfie ld E q u ip m e nt com p a n ies
O il C o m p an iesM N O C s o r N O C s
![Page 21: Oilfield Business - 101](https://reader035.vdocuments.site/reader035/viewer/2022062519/56815262550346895dc095fe/html5/thumbnails/21.jpg)
HARCROSChemicals Inc.
ConclusionOverview of Oilfield industryUpstream activitiesAdditivesMajor players and their suppliersQuestions/Comments Email: [email protected] Cell#: 281-705-9562