Dear members,

We would like to invite you and your colleagues to the September London Section evening meeting. This month's talks will be on Value of Popular Decision Analysis Tools in Upstream Asset Valuations and  Unconventional Completions - A paradigm shift . The event will be held at the Geological Society of London on TUESDAY, the 29th October 2013.

Please, read more about the agenda, the talk content, and the booking information below.

Regards

Tim Lines
SPE London Section - Programme Chairman
Email: tim.lines@oilfieldinternational.com

This event is kindly sponsored by     

Agenda:

Venue:    The Geological Society of London, Burlington House, Piccadilly, London W1
http://www.geolsoc.org.uk/gsl/society/contact
Booking:    www.katemcmillan.co.uk, tel: 07736 070066, email katespe@aol.com.
Cost: £34 for SPE/PESGB/EI members, £44 non-members, £19 unemployed members.
Non-refundable £5 for students booking by Friday 20th October (£19 after).

BEFORE DINNER: 5.00 pm – 6.30 pm:

Value of Popular Decision Analysis Tools in Upstream Asset Valuations

The talk will address the various forms of decision-making; contrast individual decisions with portfolio decisions; report on North Sea Operators  use of decision-making tools for different types of decisions, and their satisfaction with each; describe the information gathering process; typical distributions of variables; managerial judgement; and draw conclusions.

Erkan Karakaya is Principal Economist & New Ventures Director at Schlumberger s Production Management Segment. Before assuming this role Erkan worked as General Manager of Planning, Risk & Reserves Business for Middle East where he provided planning, economics and corporate risk assessment solutions to regional oil companies many of which are key OPEC producers. Prior to that Erkan worked for Petronas at various positions, his responsibilities included upstream asset acquisition and divestment, upstream portfolio management, corporate strategy development, economics and schedule modeling of upstream projects, strategic alignment of cross-discipline expertise, risk modeling and management information systems.

Erkan has an M.Sc. degree in Petroleum Engineering from Middle East Technical University where he also taught Engineering Mathematics, Petroleum Economics and Reservoir Simulation courses. Erkan also holds an MBA degree from Manchester Business School. He is specialized in upstream asset valuation, multi-disciplinary upstream project risk assessment and he is a recognized Schlumberger domain leader in decision analysis and risk management.

AFTER DINNER: 7.30 pm-9.00 pm:

Unconventional Completions - A paradigm shift

The approach to the development of unconventional resource, in North America, was one that was born out of the marriage of horizontal wells with hydraulic fracturing; and while highly successful it was developed and applied with few options/capabilities available for the lower completion design.

The end result has been the application of High-Rate Water-Frac/Hybrid/Gel approaches, over a number of cluster(s); which is effectively attempting to perform multiple fractures at the same time during each treatment execution. Ideally a fracture initiation occurs at each cluster, though this is rarely achieved, and that in this way the overall well length can be treated in a timely and efficient fashion. In addition to this, the acceleration of the application of hydraulic fracturing (within horizontals), has resulted in a schism in fracturing with the creation of two competing approaches namely the Open-Hole and Cased-Hole techniques.

In fact, both of these completion approaches are somewhat valid and have genuine application across hydraulic fracturing; however what the Industry really requires is the elusive lower-completion combination of Open-Hole efficiency combined with Cased-Hole accuracy.

This presentation, makes the case, that a number of the relatively recent advances in the available Lower Completion technology, will allow the Industry to achieve this holy-grail . In addition, the presentation will demonstrate that the application of such new approaches can result in far better efficiency of the fracturing process and result in a higher success rate, with less environmental impact and improved economics. The application of these new approaches will allow a complete root and branch  reassessment of how to stimulate these unconventional resources in a multi-disciplinary and highly efficient manner.

The result is improved efficiency for all involved, with more resource recovered, in more efficient wells, with improved economics and less surface impact during the recovery process. The one idea that I would like the members to take away from this lecture, is that while brute force and macro-economics can allow the initial delivery of a new resource, that it is in fact the engineering and optimisation of these that make such an approach sustainable and economic in the longer term.

Martin Rylance is the Senior Advisor and the Engineering Team Leader for Fracturing and Stimulation within the BP Global Wells Organisation (GWO). He has been with BP, worked with their partners and JVs (SOHIO, Maxus, TNK-bp, VICO & etc), for over 25 Yrs, since graduating with a BSc (Hons.) in Pure Mathematics. During his time with BP, his positions in the Company have included; the Interventions Team-Leader with BPX in Colombia, the Head of Fracturing and Stimulation for BP Worldwide, the Chief Engineer with TNK-bp in Moscow and Project Manager with BP in a number of frontier areas.

Technically, he has been involved in all aspects of pumping operations, well-control, well interventions and working with pressure service, hydraulic fracturing, snubbing, stimulation, coiled-tubing, PWRI and cuttings re-injection.

In more recent Years he has specialised in hydraulic fracturing in tectonic regimes, HPHT environments, mature and also unconventional resource development. During his career with BP he has been responsible for the implementation of numerous campaigns, pilots and exploration programmes. Having lived in 10 Countries and pumped in more than 20, he has been responsible for building and managing Teams delivering tens of thousands of fracturing & stimulation treatments around the world.

He has numerous papers and publications to his name, with the SPE, AIME and various Numerical and Geological Societies, Articles, Reports and Patents; an active Member of the SPE, a previous Distinguished Lecturer, he is also a Fellow of the Institute of Mathematics in London.