Slb Limited · NYSE:SLB

Slb — Schlumberger — SIS Global Forum 2019

36 slides from Slb's conference presentation, September 2019

  1. Slide 1: Mature Field Rejuvenation: A new exploitation strategy based on an integrated technology approach

    Mature Field Rejuvenation: A new exploitation strategy based on an integrated technology approach Pablo Bermeo Agustin Paladines Reservoir Engineer Development Manager September 17 -19 Grimaldi Forum, Monaco Presented at Schlumberger Schlumberger-Private SIS Global Forum 2019

  2. Slide 2: Don't give up

    “Don’t give up” Lasse Viren, Munich 1972 Paul Hamm, Athenes 2004 Greg Louganis, Seul 1988 Gillian Rolton, Atlanta 1996 2 Schlumberger-Private

  3. Slide 3: Agenda

    • Introduction • New Exploitation Philosophy qWaterflooding Acceleration qNew Areas and Horizontal Wells qOperations Optimization • Results • Way Forward Agenda Schlumberger-Private

  4. Slide 4: Introduction

    Introduction 4 Schlumberger-Private

  5. Slide 5: Wireline Formation Pressure

    Introduction Wireline Formation Pressure -8700 -8800 “A” “A” “A” SS True Vertical Depth -8900 -9000 “B” -9100 “B” “B” -9200 “C” “C” “C” -9300 “D” “D” “D” -9400 0 1000 2000 3000 4000 5000 Pressure Points (Psi) 5 Schlumberger-Private

  6. Slide 6: The Starting Point

    Introduction “The starting Point” Horizontal Wells drilling 85 First WF Pilot campaign 80 Oil Production Rate, KSTB/D Deploy WF expansion 75 70 65 60 55 50 6-Months 45 40 0 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 6 Schlumberger-Private

  7. Slide 7: Challenge: Getting the Last Drop

    Challenge Low Reservoir Pressure “Getting the Last Drop…” A rvoir Rese rvoir B Water Conning % High Rese BSW Problems C eservoir R D rvoir Rese 7 Schlumberger-Private

  8. Slide 8: Agenda

    • Introduction • New Exploitation Philosophy • Results • Way Forward Agenda Schlumberger-Private

  9. Slide 9: New Exploitation Philosophy

    New Exploitation Philosophy • ATL Optimization • Completions Technologies Optimization and Reserves Pressure Maintenance • Measurement & Monitoring Development Development Strategy Conditions prior New Development with Operation Waterflooding Secondary Recovery Areas Horizontal Wells Philosophy Faci

  10. Slide 10: Integrated Technology Approach

    Integrated Technology Approach High Resolution Modeling Well Placement & Drilling Plan Artificial Lift Optimization Monitoring & Surveillance RC 4000 PHIT PERM RT SW log/model Injector Compute Saturation Compute Permeability Compute FL Model Solver Solve FL 𝑓(𝜙, k, Sw, Model, FL) = 0 Very Fine…

  11. Slide 11: Agenda

    • Introduction • New Exploitation Philosophy qWaterflooding Acceleration qNew Areas and Horizontal Wells qOperations Optimization • Results • Way Forward Agenda Schlumberger-Private

  12. Slide 12: Challenges

    Challenges Pilot Area Production Profile 1600 100 1400 Daily Liquid_RATE bbl/d Daily Oil_Rate bbl/d Reservoir Conditions 1200 Daily_Wcut % 80 § High Depletion – Lack of Pressure Support in Main Reservoir BSW % STB / d 1000 60 800 § Very High Decline Rate 600 40 § Low Production Performance and Recov

  13. Slide 13: Solution for Lack of Water

    Solution for Lack of Water Lack of water source to inject due to low water production Well to Well Closed Loop rates & High Facilities cost Water Source or Dumpflooding Injector Producer 1. Water Source Well + Injector 2. Dumpflooding (Water Source & Injector) Aquifer 13 Schlumberger-Private

  14. Slide 14: Proof of Concept - First WF Pilot Results

    Proof of Concept - First WF Pilot Results WF Pilot Area Results 4500 100 Injection Started 90 4000 Shaya Started Jan 2017 Dec 2015 80 3500 70 3000 Water Cut % 60 STB / d 2500 Daily Liquid_RATE bbl/d Daily Oil_Rate bbl/d 50 2000 Daily_WCut % 40 1500 30 1000 20 500 10 0 0 Streamlines Modeling for Pilo

  15. Slide 15: Reservoir Modeling for Waterflooding

    Reservoir Modeling for Waterflooding STRUCTURAL FRAMEWORK: WELL STRUCTURAL MAPS SECCTIONS DATA LOADING First WF Pilot AND QC Multidiscipline Integration Workflow SCALE UP WELL LOGS STOOIP Waterflooding expansion projects MAPS& ODT U, T & OWC Hollin OPPORTUNITIES AREAS STOOIP UNCERTAINLY FACIES MODEL

  16. Slide 16: Waterflooding Expansion Projects

    Waterflooding Expansion Projects 35,000 Area 1Incremental A Sur Prod. Area 2Incremental A Norte Prod. 30,000 Area 3Incremental A Central Prod. Area 4Incremental Cul- Yul Prod. 25,000 Area 5Incremental BT Prod. 20,000 Cononaco Area 6 BOPD Actual CurrentWF& Real Incremental WF 15,000 10,000 5,000 0 De

  17. Slide 17: Agenda

    • Introduction • First Waterflooding Pilot • New Exploitation Philosophy qWaterflooding Acceleration qNew Areas and Horizontal Wells qOperations Optimization • Results • Way Forward Agenda Schlumberger-Private

  18. Slide 18: Real-Time Modeling – Structure Update

    Real-Time Modeling – Structure Update -600 -400 -200 0 200 400 600 800 1020 1200 -8560 Existing Well -8560 Injector Well Horizontal being drilling -8600 -8600 Old Interpretation -8640 -8640 New Interpretation -8680 -8680 -8720 -8720 -8760 -8760 -600 -400 -200 0 200 400 600 800 1020 1200 18 Schlumber

  19. Slide 19: Real-Time Automation Workflow

    Real-Time Automation Workflow -600 -400 -200 0 200 400 600 800 1020 1200 -8560 -8560 Pressure HM -8600 -8600 Old Interpretation -8640 -8640 New Interpretation -8680 -8680 Hydraulic unit -8720 -8720 -8760 -8760 -600 -400 -200 0 200 400 600 800 1020 1200 modeling Upscaling and grid population re work.

  20. Slide 20: Well Placement – Horizontal Wells

    Well Placement – Horizontal Wells Azimuthal Gamma Ray Image XRD- Geoservices Density / Neutron / PEF Resistivity Gamma Ray Top Reservoir + Resistivity Real GeoSteering with PeriScopeHD - Bottom Reservoir 1600 ft MD Plan 20 Schlumberger-Private

  21. Slide 21: Real-Time Modeling – Structure and Hydraulic Units Update

    Real-Time Modeling – Structure and Hydraulic Units Update Horizontal being drilling Injector Well Existing Well Existing Directional Well Existing Directional Well Horizontal being drilling Existing Injector Well Hydraulic Units Modeling 21 Schlumberger-Private

  22. Slide 22: Real-Time Modeling - Forecast

    Real-Time Modeling - Forecast Oil Production Cumulative (1000 ft – Current Situation) 1E+6 2E+6 3E+6 4E+6 5E+6 0 200 400 600 800 1000 Oil Production Cumulative (STB/d) -8600 Horizontal being Existing Well -8600 Injector Well drilling 3.2 MMSTB -8640 -8640 -8680 -8680 0 Jan 2020 Jul 2022 Jan 2025 Jul

  23. Slide 23: Real-Time Modeling - Forecast

    Real-Time Modeling - Forecast Oil Production Cumulative (1500 ft – HU2) 1E+6 2E+6 3E+6 4E+6 5E+6 0 200 400 600 800 1000 Oil Production Cumulative (STB/d) -8600 3.7 MMSTB Horizontal being Existing Well -8600 Injector Well drilling -8640 -8640 -8680 -8680 0 Jan 2020 Jul 2022 Jan 2025 Jul 2027 Jan 2030

  24. Slide 24: Real-Time Modeling - Forecast

    Real-Time Modeling - Forecast Oil Production Cumulative (1500 ft – HU3) 1E+6 2E+6 3E+6 4E+6 5E+6 0 200 400 600 800 1000 Oil Production Cumulative (STB/d) 4.0 MMSTB -8600 Horizontal being Existing Well -8600 Injector Well drilling -8640 -8640 -8680 -8680 0 Jan 2020 Jul 2022 Jan 2025 Jul 2027 Jan 2030

  25. Slide 25: Real-Time Modeling - Forecast

    Real-Time Modeling - Forecast Oil Production Cumulative (2000 ft – HU2) 1E+6 2E+6 3E+6 4E+6 5E+6 4.4 MMSTB 0 200 400 600 800 1000 Oil Production Cumulative (STB/d) -8600 Horizontal being Existing Well -8600 Injector Well drilling -8640 -8640 -8680 -8680 0 Jan 2020 Jul 2022 Jan 2025 Jul 2027 Jan 2030

  26. Slide 26: Real-Time Modeling - Forecast

    Real-Time Modeling - Forecast Oil Production Cumulative (2000 ft – HU3) 1E+6 2E+6 3E+6 4E+6 5E+6 4.6 MMSTB 0 200 400 600 800 1000 Oil Production Cumulative (STB/d) -8600 Horizontal being Existing Well -8600 Injector Well drilling -8640 -8640 -8680 -8680 0 Jan 2020 Jul 2022 Jan 2025 Jul 2027 Jan 2030

  27. Slide 27: Well Placement – Horizontal Wells

    Well Placement – Horizontal Wells Azimuthal Gamma Ray Image XRD- Geoservices Density / Neutron / PEF Resistivity Gamma Ray Landinng with PeriScopeHD + Top Reservoir Resistivity Plan Real Bottom GeoSteering with PeriScopeHD Reservoir - 1930 ft MD 27 Schlumberger-Private

  28. Slide 28: Agenda

    • Introduction • First Waterflooding Pilot • New Exploitation Philosophy qWaterflooding Acceleration qNew Areas and Horizontal Wells qOperations Optimization • Results • Way Forward Agenda Schlumberger-Private

  29. Slide 29: Ecosystem Smart Operations

    Ecosystem Smart Operations Avocet Operations Solution Operational excellence Continuous -Schedule Improvement -Performance result Analysis / Decision Making Early detection of deviations and From field to Production failures engineering and management management system back to field 29 Schlumberger-

  30. Slide 30: Artificial Lift Optimization

    Artificial Lift Optimization ft hp eff Typical Well from “C” reservoir Typical Directional Well from “A” or “B” reservoirs 30 3.00 60% 3000 3000 1200 1200 25 2.50 50% OIL_RATE bbl/d OIL_RATE bbl/d 2500 LIQUID_RATE bbl/d 2500 1000 LIQUID_RATE bbl/d 20 2.00 40% 1000 WATER_RATE bbl/d WATER_RATE bbl/d 1

  31. Slide 31: Facilities Construction

    Facilities Construction Capacity (MBls) Jan 2019 Dec-2024 (Forecast) Process Plant Oil Water Oil Water A 5 - 25 40 B 12 5 17 37 C 6 17 12 17 D 24 24 24 83 E 36 34 36 86 F - - 15 15 Well & Network Models G 6 11 - - H 21 9 21 36 Field A TOTAL 110 100 150 314 Process Plant A Process Plant B 110 Project

  32. Slide 32: Agenda

    • Introduction • New Exploitation Philosophy • Results • Way Forward Agenda Schlumberger-Private

  33. Slide 33: New Strategy by an Integrated Technology Approach

    New Strategy by an Integrated Technology Approach Waterflooding projects New areas appraisal Horizontal wells strategy Operations & Production Philosophy redefinition & Optimization 33 Schlumberger-Private

  34. Slide 34: Mature Field Rejuvenation Results

    Mature Field Rejuvenation Results Main pillars defined in the New Strategy: 100 1.Waterflooding projects 120 Oil Production Record 2.New areas appraisal Oil Production Rate, KSTB/D 90 after 50 years 3.Development with horizontal wells. 100 Injected water, KBWPD 4.Operations & Production Optimization

  35. Slide 35: Way Forward

    Way Forward • Focus on fluid monitoring & handling capacity • Continue with well patterns optimizations • Extension of WF in new areas • Study for alternative EOR process • Keep operations with minimum environmental footprint • New technology implementation 35 Schlumberger-Private

  36. Slide 36: Thank You!

    "The darkest moments of our lives are not to be buried and forgotten, rather they are a memory to be called upon for inspiration to remind us of the unrelenting human spirit and our capacity to overcome the intolerable" Vince Lombardi. Pablo Bermeo Agustin Paladines Reservoir Engineer Development Ma

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