Modern civilization in fact involves: Transportation Energy requirements Other energy generation Run and build things on hydrocarbon Oil drives the economy of the world
The Challenge in Petroleum Industry
Finding reservoirs containing oil: Hide far away below the Earth surface Cannot be seen and touched Reservoir geometry is very complex Variety of rocks, properties, and history
Elements of Oil Business
Characters High Risk High Cost High Tech
Producing Oil Safe Clean Efficient
Business Targets Max Recovery Min Risk Min Cost
What is Petroleum Reservoirs?
An oil reservoir is basically: A body of rock Millions of years ago, it originally settled as sand dunes, , beaches, , deserts, coral reefs, rivers As time goes by it gets buried and compressed d it gets t pressurized i d Thousands of ft to miles underneath the ocean or land surface
Finding g Petroleum Reservoirs
Means finding ways to Visualize underground formation Evaluate the potential Steer drill bit to the pay zone