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Small Pools: The opportunityMatt Nicol ‐ Centrica
Technology Leadership Board
Unlock additional resources and investment through radical reduction in cost and deployment of innovative technologiesSmall Pool
Development
Generate > £1 bn additional revenue through the radical reduction of time dedicated to vessel inspection and managing corrosion under insulation
Champions: Gas ‐Centrica, Oil ‐ EnquestLead supplier: GE, Support: NSRI
Integrity and inspection
Champion: ShellLead supplier: Baker Hughes, Support: ITF
Reduce well construction costs by 50% (time‐to‐depth and flat‐time) to allow an extra c. 50 wells to be drilled per yearWell
construction
Champion: TotalLead supplier: Amec FW, Support: OGIC
TECH
NOLO
GY LEA
DER
SHIP BOAR
D
Drive strategic technology developments
UKCS Small Pools ‐ The Potential
• More than 210 locked ‘small pools’
• Resources between 3‐15 mmboe
• Total discovered resources of 1 ‐ 1.6 bnbarrels
WOS
10 pools
TOTAL
210 pools (~ 1, 500 mmboe)
MORAY FIRTH
46 poolsCNS
69 pools
NNS
34 pools
SNS
40 pools
EIS
9 pools
UKCS Small Pools – The Prize
Producing fieldsOngoing developmentsCurrently locked fields 3 ‐ 15mmboe
• Technology deployment and cost reduction can begin to unlock some of these pools
• A 50% cost reduction will reduce the average minimum economic field size to ~6mmboe
• This would open up to 150 small pools and unlock $20bn investment and 1bn barrels of reserves in the UKCS
Reserves mmboe
UKCS Small Pools – Hackathons
Fluid Co-minglingFluid Co-mingling
Operator’s Challenges
Differential PressureDifferential Pressure
Gas DisposalGas Disposal
Low Energy FieldsLow Energy Fields
> 160 delegates> 160 delegates
> 80 companies> 80 companies
OGA, OGUK & Subsea UK support
OGA, OGUK & Subsea UK support
> 200 ideas generated> 200 ideas generated
Hackathon 2
Aberdeen10th November
Hackathon 1
Woking3rd November
Hackathon facts
UKCS Small Pools – Hackathon attendees
UKCS Small Pools – Technological solutions
Hackathon Outputs
Fluid Co-minglingFluid Co-mingling
Ope
rato
r’s C
halle
nges
Differential PressureDifferential Pressure
Gas DisposalGas Disposal
Low Energy FieldsLow Energy Fields
Standardisation
Simplification
Plug & Play
CRINE re-visit
Short-Term EfficienciesShort-Term Efficiencies
Connectors
Hot Taps
Design Attitudes
Flowmeters
Subsea boosting
Potential JIPs
Potential JIPs
Stand-alone concepts
Subsea storage & transfer
Subsea Processing
Strategic InitiativesStrategic Initiatives
Separation
Flow assurance
Biological cleaning
Down-sized EOR
Long-Term Research
Long-Term Research
Themes with piloting potential
UKCS Small Pools – Next steps
MATCH SUPPLY & DEMANDMATCH SUPPLY & DEMAND
Focus on solution providers – supply chain; other research vehicles
Focus on solution providers – supply chain; other research vehicles
2016 focus – Matching technology supply with pool demand
Hackathon OutputsHackathon Outputs
Focus on licence owners – details of resources
Focus on licence owners – details of resources
Detailed pool mappingDetailed pool mappingTechnical assessments; Cost & economic evaluation
Technical assessments; Cost & economic evaluation
EXECUTEEXECUTE
SUPPLY DEMAND
High level Pool MappingHigh level Pool Mapping2015
2016
BUILD INVESTMENT CASESBUILD INVESTMENT CASES