drilling through a world of change - society of petroleum ...single shot acid bottle surveying totco...
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![Page 1: Drilling Through a World of Change - Society of Petroleum ...Single Shot Acid Bottle Surveying Totco Drift Tool Stabilized Rotary BHA's Hardwood Wedges Gyroscopy Technology Development](https://reader033.vdocuments.mx/reader033/viewer/2022041506/5e256197e0f07524f94d286f/html5/thumbnails/1.jpg)
© 2013 Baker Hughes Incorporated. All Rights Reserved.
© 2013 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT TOGETHER WITH ALL INFORMATION INCLUDED THEREIN IS THE CONFIDENTIAL AND
PROPRIETARY PROPERTY OF BAKER HUGHES INCORPORATED AND INCLUDES VALUABLE TRADE SECRETS AND/OR PROPRIETARY INFORMATION OF BAKER HUGHES (COLLECTIVELY "INFORMATION"). BAKER HUGHES RETAINS ALL RIGHTS UNDER COPYRIGHT LAWS AND TRADE
SECRET LAWS OF THE UNITED STATES OF AMERICA AND OTHER COUNTRIES. THE RECIPIENT FURTHER AGREES THAT THE DOCUMENT MAY NOT BE DISTRIBUTED, TRANSMITTED, COPIED OR REPRODUCED IN WHOLE OR IN PART BY ANY MEANS, ELECTRONIC, MECHANICAL, OR
OTHERWISE, WITHOUT THE EXPRESS PRIOR WRITTEN CONSENT OF BAKER HUGHES, AND MAY NOT BE USED DIRECTLY OR INDIRECTLY IN ANY WAY DETRIMENTAL TO BAKER HUGHES’ INTEREST.
Drilling Through a World of Change Putting Science into our Decision-making Process
Allen Sinor Vice President, Global Accounts
Baker Hughes
25 July 2013 Gulf Coast Section
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2
Increasing Demand in a
Changing World
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Demand, Price & CAPEX
3
50
55
60
65
70
75
80
85
90
95
100
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900 1
97
5
19
77
19
79
19
81
19
83
19
85
19
87
19
89
19
91
19
93
19
95
19
97
19
99
20
01
20
03
20
05
20
07
20
09
20
11
20
13
20
15
Oil
Dem
an
d a
nd
Pro
du
ctive
Ca
pa
city (m
bd
)
Ca
pe
x in
$ B
illio
ns (
20
10
$)
/ R
AC
C (
20
10
$)
Source: Barclays, Bloomberg, IEA, BHI Estimates
CAPEX
Oil Price
Demand
Capacity
Worldwide Outside NA NA
2012
Oil Price - $89/bbl
CAPEX - $539 billion
Demand – 90 mbd
Capacity – 93 mbd
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Our Global Population Has Exploded
4
US Department of Commerce
US Census Bureau
2013 – 7.1 Billion
Population Growth Throughout History
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Our Global Population Has Exploded
5
US Department of Commerce
US Census Bureau
The World Gains One Person every
13
SECONDS!
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© 2013 Baker Hughes Incorporated. All Rights Reserved. 6
Beijing, China 21,000,000 People
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© 2013 Baker Hughes Incorporated. All Rights Reserved. 7
Seoul, South Korea 11,000,000 People
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© 2013 Baker Hughes Incorporated. All Rights Reserved. 8
Sao Paulo, Brazil 12,000,000 People
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The U.S. is now No. 2 in Energy Consumption
The Wall Street Journal,
July 19, 2010
9
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Global Energy Consumption Change Non-OECD countries will account for 86% of the
increase in global energy use in the next 20 years
OECD- Organization for Economic Cooperation and Development
10
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© 2013 Baker Hughes Incorporated. All Rights Reserved. EIA 2012 Outlook
37%
20% 8%
26%
9%
US Energy Consumption
Petroleum and Other Liquids
Coal
Nuclear
Natural Gas
Renewable Energy
U.S. Energy Information Administration
Annual Energy Review 2011
11
2035
32%
20% 9%
26%
13%
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© 2013 Baker Hughes Incorporated. All Rights Reserved. 12
The Drivers for Learning
(and Quickly)
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Our customer base is evolving
© 2011 Baker Hughes Incorporated. All Rights Reserved. 13
IOC NOC Independents
13
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
We need to plan better
14
Gulf of Mexico, circa 2004
10,000
12,000
14,000
16,000
18,000
20,000
22,000
24,000
26,000
28,000
$0 $20 $40 $60 $80 $100 $120 $140
Well Cost, $MM
TD
, ft
. B
ML
Pre-drill AFE Actual Cost
Planned Cost- $44MM
Avg. Actual Cost - $71MM
World Oil Casing While Drilling Technical Conference, March 2004
“Close Tolerance Liner DrillingTM and Liner Requirements for Deepwater Applications”
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Our learning is inconsistent Learning Curve Case Studies
35
Sequence
Days
Applying New Technology Losing Key Personnel Forgetting Curve
Sequence
Days
0
50
100
150
200
250
0 5 10 15 20 25 30
No Learning
Days
Sequence
0
25
50
75
100
0 1 2 3 4 5 6 7
Fast Learning
Sequence
0
25
50
75
0 5 10 15 20 25 30 35 40 45 50
Slow Learning
D
ays
1977 1984 0
25
50
75
100
0 1 2 3 4 5 6 7 8 9 10 11 12
Sequence
0
10
20
30
40
0 10 20 30 Sequence
Days
SPE 15362- The Drilling Performance Curve
0
100
200
400
500
0 5 10 15 20 25 30
Days
300
15
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
And, failure is not acceptable
16
2010 Deepwater Horizon Disaster
April 2010
Died: 11 workers
Lost: Deepwater Horizon
Spilled: 200,000,0000 gal
Mkt Cap Loss: $100 Bn
Industry Impact:
ONGOING
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17
A
Is Needed!
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
The “big three” reasons for change
18
#1 The cost
of failure
Jan 2012
Offshore Nigeria
K.S. Endeavor Jackup
Gas kick, 12-1/4” hole
2 died / 152 evacuated
Relief well June 18th
Mar 2012
Offshore UK
Elgin/Franklin Platform
P&A activities
Gas leak- 200,000 m3/d
238 worker evacuated
Six months for relief well
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The “big three” reasons for change
19
#2
People make
mistakes
We can train our brain-
“Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it
deosn't mttaer in waht oredr the ltteers in a wrod are, the
olny iprmoetnt tihng is taht the frist and lsat ltteer be at the
rghit pclae. The rset can be a total mses and you can sitll
raed it wouthit porbelm. Thsi is bcuseae the huamn mnid
deos not raed ervey lteter by istlef, but the wrod as a wlohe”
-But miss details due to routine
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
The “big three” reasons for change
20
#3
Less Risk
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© 2013 Baker Hughes Incorporated. All Rights Reserved. 21
The Evolution
of Drilling
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A little bit of drilling “history”
2000 B.C.
Sichuan Province
China
1800’s
Cable Tool Drilling
Late 1800’s
Offshore California
35 ft Water
1900’s
Rotary Drilling
22
Percussive
Iron head, bamboo pipe
2009
Deepest Offshore
2013
Deepest Water
GoM- 35,050 ft MD
India- 10,385 ft Water
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Rig Types and Daily Costs
Jackup Rig
Avg. Day Rate
$95,000
Land Rig
Avg. Day Rate
$12,000 - $20,000
Drillship
Avg. Day Rate
$452,000
Semisubmersible Rig
Avg. Day Rate
$365,000
23
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Drill Bit Innovation… In-Bit Sensing
MultiSense™
24
1909
Howard Hughes
Two cone
“Fish Tail”
1920’s
TriCone™
1950’s
Carbide Tricone™
Hybrid Drill Bit
Kymera™
Next Generation PDC Bit
Talon 3D™
Casing Drilling
EZCase™
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Moving in the Right Direction
25
1900 1960 1970 1980 1990 201020001910 1920 1930 1940 1950
Entirely Vertical /Blind"Straight Holes"
MagneticSingle Shot
Acid Bottle Surveying
Totco DriftTool
StabilizedRotary BHA's
HardwoodWedges
GyroscopyTechnologyDevelopment
SteelWhipstocks
Relief Wells
Multilateral in Russia
Mud Motor
Jetting Method
Surface readoutGyro
Bent Housing Motor
Measurament Wile Drillin (MWD)
Rotary Steerable Systems
Gyro MWD
Adjustable Gauge Stabs
Horizontal Drilling Viable
North Seeking Gyro
Magnetic Steering Tools
Extended Reach Record 40,604'Gyro Steeting
Tool
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Why Horizontal Drilling?
Lower environmental impact
Reduced capital expenditure in offshore fields
Access to offshore reserves from land
Optimized productivity and field recovery
Improved recovery factor
Increased flow of heavy oil from offshore fields
26
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Developing a Reservoir Drilling and
Completion Model
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Well Construction: Conventional Directional Drilling
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Well Construction: With RSS or RNS
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Multi-Pad Development Drilling
30
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Technology Enablers
Vintage
Area
Contacted
(ft2)*
Reservoir permeability
Gas Oil
Ve
rtic
al
Open Hole 1800s 200 10 100
Perforating 1920s 500 10 100
Fracturing 1940s 3,200 1 10
Big Fracs 1980s 240,000 0.01 0.1
Ho
rizo
nta
l
Open Hole 1980s 8,000 1 10
Bi-Wing Fracs 2000 1,200,000 0.001 0.01
Complex Fracs 2005 10,000,000 0.0001 0.001
Many-Stage Complex 2009 20,000,000
0.00001
0.0001 40-stage frac 2011 28,000,000
Source: EOG Estimates BH Estimates
Evolution of completion technology
31
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Vertical Fractured Well
1880s 200
1920s 500
1940s 3,200
32
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
Horizontal Fractured Well
1880s 200
1920s 500
1940s 3,200
1980s 240,000
1980s 8,000
2000 1,200,000
33
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Long Horizontal, Multi-Stage Frac
1880s 200
1920s 500
1940s 3,200
1980s 240,000
1980s 8,000
2000 1,200,000
2005 10,000,000
2009 20,000,000
34
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40 Stage Frac
1880s 200
1920s 500
1940s 3,200
1980s 240,000
1980s 8,000
2000 1,200,000
2005 10,000,000
2009 20,000,000
2011 28,000,000
35
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© 2013 Baker Hughes Incorporated. All Rights Reserved. 36
What Lies Ahead?
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The Future?
37
It is no longer about drilling
“further / faster”
Instead,
Risk mitigation
Global knowledge
Automation
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© 2013 Baker Hughes Incorporated. All Rights Reserved.
© 2013 BAKER HUGHES INCORPORATED. ALL RIGHTS RESERVED. TERMS AND CONDITIONS OF USE: BY ACCEPTING THIS DOCUMENT, THE RECIPIENT AGREES THAT THE DOCUMENT TOGETHER WITH ALL INFORMATION INCLUDED THEREIN IS THE CONFIDENTIAL AND
PROPRIETARY PROPERTY OF BAKER HUGHES INCORPORATED AND INCLUDES VALUABLE TRADE SECRETS AND/OR PROPRIETARY INFORMATION OF BAKER HUGHES (COLLECTIVELY "INFORMATION"). BAKER HUGHES RETAINS ALL RIGHTS UNDER COPYRIGHT LAWS AND TRADE
SECRET LAWS OF THE UNITED STATES OF AMERICA AND OTHER COUNTRIES. THE RECIPIENT FURTHER AGREES THAT THE DOCUMENT MAY NOT BE DISTRIBUTED, TRANSMITTED, COPIED OR REPRODUCED IN WHOLE OR IN PART BY ANY MEANS, ELECTRONIC, MECHANICAL, OR
OTHERWISE, WITHOUT THE EXPRESS PRIOR WRITTEN CONSENT OF BAKER HUGHES, AND MAY NOT BE USED DIRECTLY OR INDIRECTLY IN ANY WAY DETRIMENTAL TO BAKER HUGHES’ INTEREST.
Drilling Through a World of Change Putting Science into our Decision-making Process
Allen Sinor Vice President, Global Accounts
Baker Hughes
25 July 2013 Gulf Coast Section