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