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   Petroleum Engineering

Our people all have extensive and diverse experience in the oil patch, with both large international oil companies and large service companies.   We know both engineering and operations.  We have worked both onshore and offshore, in subsurface and surface engineering.  In addition, we have held jobs in information technology, profitability analysis, training and HS&E (health, safety and environment).  All have held significant management and leadership positions.

Business Fundamentals Group provides a full suite of petroleum engineering services, including the following:  

  Field Studies

●  Enhanced Oil Recovery

●  Acquisition and Divestiture Evaluations

●  Economics

●  Surveillance

●  Production Enhancement/Optimization

Here are a few examples of our capabilities and things we have done recently:

 

 

 

 

 

 

 

Economics – We have our own economics program. This gives us tremendous flexibility in providing multiple economic measures to meet customer needs. Our program is designed to allow us to construct quick and simple profitability models or to input data with as much complexity as needed. We can easily alter the program for different fiscal or tax regimes. If you can define the deal structure, we can analyze it! We prepare charts and diagrams to suit investor needs. The chart at the left shows the forecasted net cash flow for a new EOR project we helped design.

Reservoir Simulation – Reservoir simulators allow us to incorporate all that is known about a reservoir into a mathematical model. The model can be used for designing recovery processes and for forecasting future oil and gas production. An important part of reservoir simulation is history matching, which is the process of making sure the model matches the production and pressure history of the field. We are very careful to make sure our models agree with all of the information available. In this manner, our confidence in the forecasts is improved. The model shown to the left was for a waterflood we helped design for small shallow onshore sandstone in Texas.

Structural Models – We use a leading commercially available software for mapping and interpreting geologic structures. The software can be used for mapping well locations, for modeling structural contours, for developing cross-sections, for creating iso-pach maps, and for preparing bubble maps of past production. Well locations and the structural information allow us to quickly develop detailed structure maps and ultimately gridded maps for input to reservoir simulators. The chart at left is for an onshore Wilcox reservoir that we evaluated for acquisition.

 

Log Analysis – Using our own analysis tools, we can provide personalized log interpretations to meet customer needs. Log and core data provide information which allows us to characterize reservoir properties – porosity, permeability, saturations, capillary pressures and flow barriers. The logs on the left showcase our work on a challenging shaley sand from an Eocene barrier bar.  Understanding shale content and micro-porosity were key to determining effective porosity and oil saturations. This data is essential for constructing good reservoir models that can be used for forecasting future production and for preparing project economics.

 

Surface Facilities – Our background in operations, as well as surface and subsurface engineering, allows us to create process flow diagrams for the entire field. Taking a holistic approach, we avoid sub-optimization and develop field systems that work at their best. These provide a sound foundation for cost estimates and for detailed design work by contract firms. The diagram show at left analyzes an existing waterflood, from reservoir to oil shipping. It illustrates how the surface and subsurface should be viewed as a system. In this way optimum solutions can be sought to reduce costs and increase production.

Surveillance – Focused attention on surveillance is key to getting the most from oil and gas reservoirs. This could take the form of timely well and project reviews, involving both engineering and operations, or the use of real time data for constant monitoring and optimization. Our experience in both operations and engineering enable us to use the latest technologies to design digital oilfields of the future (DOFF). We then follow through to design workflows and work processes to insure that the benefits of digital technology investments are captured.

 

 

Operations – Our background in running large and small oil fields gives us the perspective to assure practical and workable solutions. We have considerable experience in using leading-edge management practices to get the most from oil and gas assets.

 

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