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[email protected] www.kaia.tech PVT TEST FOR UNCONVENTIONAL RESERVOIRS

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Page 1: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

[email protected]

www.kaia.tech

PVT TEST FOR UNCONVENTIONAL RESERVOIRS

Page 2: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

Problem

2

• Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties or behavior for the unconventional reservoirs.

• There is not enough data on diffusion coefficient of a displacing fluid into the crude oil it contacts.

• Can not decide which displacing fluid need to be used.

Page 4: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

Measurement Challenge

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How do you measure pressure or other parameters in channels smaller/thinner than human hair?

Page 5: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

Value Proposition

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By measuring fluid properties in micro-fractureswe are proposing to increase oil recovery

Page 6: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

Patent Pending

“Optical Pressure Measurement in Micro-Fractures.”

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Page 7: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Traction to Date

• Colorado School of Mines• Unconventional Reservoir Engineering Project (UREP) Consortium

Page 8: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

Highly accurate precise pressure measurements withless than 0.1% error

Results

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Page 9: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

• Better reservoir management

• Complement core studies, saving time and cost

Impacts

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Page 10: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Recommendations

• Chet Ozgen – NITEC

• Earuch Broacha – QEP Resources

• Erdal Ozkan – Colorado School of Mines

• Mahmood Ahmadi – MI3

• Osman Apaydin – EOG Resources

Page 11: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

R&D Partner• Colorado School of Mines

- Erdal Ozkan- Hossein Kazemi- Xiaolong Yin

Manufacturing Partners• 4D Technology - James Millerd • Translume - Phillippe Bado

Sales & Distribution Partner• Oz Optics - Omur Sezerman

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Partners

Page 12: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

Target Customer

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Oilfield service companies to replace traditional PVT tests

Page 13: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Revenue Generation

• Sales to Oilfield Service Companies

• Custom Consumable Replacement- Micromodels

• Technology Upgrades- Diffusion coefficient calculations

Page 14: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Go to Market Strategy

Sales & Distribution PartnersOz Optics

R&D PartnersColorado School of Mines

Page 15: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Competition

• Equipment Manufacturers with current testing capabilities

• Technology Developers

• Software Analysis Companies

Page 16: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

• Akin Koksal ME, Entrepreneur, Product Engineer• Andrew Fahrland, MS, Senior Optical Scientist• Elham Parsa, PhD, Reservoir Engineer • Glenn Williams, PhD, Applied Mathematician • Ken Mahrer, PhD, Senior Geophysicist-Scientist• Tyler Bigham, ME, Entrepreneur, Product Development Engineer• Umit Kaya, MS, PMP, Entrepreneur, Product Manager• Wesley Dyk, MS, Entrepreneur, Applied Mathematician

Advisors• Jean Berthold, Entrepreneur, Sales and Marketing• Steve Leeds, Entrepreneur, Business Development

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Kaia Team

Page 17: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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The commercial product design

Page 18: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Funding up to now

Contact Kaia for access to financial data

[email protected]

Page 19: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Required Funding

Contact Kaia for access to financial data

[email protected]

Page 20: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Financial Projection

Contact Kaia for access to financial data

[email protected]

Page 21: PVT TEST FOR UNCONVENTIONAL RESERVOIRS · Problem. 2 • Traditional PVT testing methods do not include the effects of the pore sizes. They cannot accurately specify fluid properties

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Return on Investment (ROI)

Contact Kaia for access to financial data

[email protected]