Vietnam Section

Learning & Innovation - Southeast Asia Offshore Decommissioning

The first face to face Technical Presentation following the recent lockdowns in Vietnam.  The presentation will also be available virtually.  Please register.

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YP Coffee Talk Series - Introduction to Hydrogen and Fuel Cells

Machine Learning Applications for Optimizing Real-Time Drilling and Hydraulic Fracturing

Behind-Casing Gas Saturation Determination

BEHIND CASING GAS SATURATION DETERMINATION WITH PNL IN GAS-FILLED BOREHOLES AND HIGH TEMPERATURE FOR

This is a good face to face networking opportunity free to members.  The technical talk will be held at the Saigon Prince Hotel along with a virtual link for those unable to attend in person.   See flyer for registration details, including payment for non-members attending.

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Making Better Upstream Acquisitions - The Role of the Petroleum Engineer and Why It's Different from

We hope you can join us, and make the most of SPE Distinguished Lecturer– Geoff Salter virtual visit with our section. The event is live! A recording will NOT be available if you miss it. Don’t miss this LIVE SPE Virtual Distinguished Lecturer.   Making Better Upstream Acquisitions The Role of the Petroleum Engineer and Why It's Different from the Day Job Vietnam Section Thursday, 20 th January 2022 02:00 PM (GMT+7) Register HERE   Abstract: Global upstream transactions are estimated at $150 bn in 2019. Production/cost forecasts and assessment of future opportunities/risks are crucial inputs to the economic evaluation of a potential acquisition. It follows that potential buyers need to conduct technical due diligence on these inputs. In times of volatile oil and gas prices, good technical due diligence can be the difference between a good and a bad deal. Petroleum engineers are often called upon to join acquisition teams. With typically a few days/weeks of evaluation time, technical due diligence requires considerable focus and a fundamentally different approach to the typical industry workflow. Yet, there are no industry courses on this subject and a OnePetro search reveals the last paper was 30 years ago. This talk highlights how a Petroleum Engineer should approach working in an upstream acquisitions team and illustrates practical methods for conducting technical due diligence. A 'top down' process that starts with identifying what drives value is proposed. Several case studies are presented showing how good technical due diligence has had a fundamental impact on acquisition decisions. The key thing I would like people to take away is that technical due diligence requires a very different approach from the Petroleum Engineer's 'day job'.   Biography: Geoff Salter is a Partner at RISC Advisory specializing in Reservoir Engineering. He holds an MSc in Petroleum Engineering. His early industry experience was focused on field development and production operations with major operators Shell and Woodside. During his nearly 25 years at RISC Advisory based in London or Perth, he has led technical due diligence teams on oil and gas acquisition opportunities in the Asia-Pacific region, Europe, Middle East and Africa. He has travelled extensively throughout these regions, presented at industry conferences and participated in SPE ATWs.   An Extra 45 Minutes Can Provide a World of Knowledge! Register HERE       Attendee Evaluation Form

Global LNG - An Industry in Disruptive Transformation

Global LNG - An Industry in Disruptive Transformation by Peter Cameron, Energy Markets Global Limited, UK Abstract: The global Liquefied Natural Gas (LNG) industry is going through disruptive transformation. This term is often heard but one we can now see applied to a large capital intensive industry. For decades, the LNG business had been traditional, cosy, conservative and uncompetitive, with a few large players, opaque and rigid.  We consider the drivers that make an industry change, particularly an energy industry and the characteristics of energy markets. We find that LNG meets the criteria of an industry ready for change. Three key factors drive transformation, namely an industry wide crisis, action to enable the business environment and then the market developing by itself.  Drivers for LNG change include technological (FSRU, FLNG, supersized ships, Mini-LNG, bunkering) and commercial (global LNG oversupply, regulatory, new demand and supply centres, new business models, new players, new trading patterns). Any of these can provide an industry crisis but among the most important is the entry of the USA, set to become the world’s marginal LNG supplier (which sets the price) and also largest supplier, with different business models. The combined effects are transformational.  Change is continuing, with the growing influence of the USA, LNG hubs, bunkering and mini LNG. The sleepy traditional LNG world is changing and will continue to do so. Coronavirus has a large impact but the LNG world was already transforming. Members should consider what further disruption will come. They should also identify additional value in gas from previously stranded supplies and demand which can now be opened up.  Biography: Mr Peter Cameron is Founder and Managing Director of Energy Markets Global, a UK based international energy markets consultancy. He is also lecturer in Business Strategy for Middlesex University (UK) Oil and Gas MBA. Peter advises governments and companies globally on the economic and commercial aspects of gas markets. He has over 25 years of worldwide project experience (long and short term). He was Chairman of the International Services Board of the Society of British Gas Industries and represented the British Government on the gas sector worldwide. Previously, Peter was Corporate Strategist and Planner for British Gas (now Shell).

Carbon Capture and Storage - The Role of Depleted Gas Fields in UK Deployment

Carbon Capture and Storage - The Role of Depleted Gas Fields in UK Deployment   By Graeme Davies, Harbour Energy Project Director Organised by SPE Vietnam Section     Abstract:   Carbon Capture and Storage  is one of multiple technology pathways that will be required in order to reach the scale of carbon emission reduction on the route to Net Zero by 2050. In the UK, Harbour Energy is working to support the deployment of CCS at-scale, aligned to the UK government’s target of up to 30 million tons per year of capture and storage by 2030. The strong knowledge, skills base and future available infrastructure from the North Sea’s upstream Oil and Gas presents a unique opportunity to underpin early CCS deployment.   This presentation shall introduce a number of technical risk factors that require to be managed to support safe and effective CCS deployment, using Harbour Energy’s V Net Zero CO2 Transportation and Storage project as a case study.     Biography:   Graeme Davies is the Project Director of Harbour Energy’s V Net Zero Transportation and Storage project, to provide high-capacity transportation of captured CO2 to well-defined depleted gas storage reservoirs in the Southern North Sea.   Graeme is a Fellow of the Institution of Mechanical Engineers, and has previously held leadership roles in Operations, Asset Management and Development delivery in the Upstream Oil and Gas industry.   Graeme holds a Master of Science degree from NTNU, Trondheim, Norway, and an Honours degree in Mechanical and Offshore Engineering from Heriot Watt University.

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Digital Disruption is Essential for the Oil and Gas Industry: The Current State, Challenges and Succ

Physics Embedded Machine Learning for Modeling and Optimization of Mature Fields

In traditional reservoir management, various types of predictive models have been applied over the years for either qualitative or quantitative optimization of various reservoir management decisions. Such models range from the very simple analytical models (type-curves, etc.) to the very complex reservoir simulation models. While analytical models are too simplistic for quantitative optimization, many issues such as the significant time and effort required to build and calibrate simulation models etc. generally prohibit their practical use for closed-loop quantitative optimization. Additionally, there have also been many attempts at the application of traditional machine learning approaches for predictive modeling of production performance. While such models can be built very efficiently and are very fast to evaluate, however, due to spatial sparsity of data, combined with poor measurement quality, and the absence of the underlying physics in such models, such purely data-driven approaches have only had limited success. This talk describes a unique modeling approach termed Data Physics. Data Physics combines state-of-theart in machine learning approaches and reservoir physics into unified models. These models can be created as efficiently as machine learning models, integrate all kinds of data, and can be evaluated orders of magnitude faster than full scale simulation models, and since they honor physics, they have good long term predictive capacity and can therefore be used for robust large scale optimization. We present applications of Data Physics models to real waterflood injection and infill drilling optimizations. A significant increase in actual incremental oil production and reduction in operational cost is demonstrated.

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SPE Vietnam Section Technical Workshop - Maximising recovery factor by using new, state of the art t

#reservoirengineering #Optimization #ReservoirDescriptionandDynamics

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Charity Golf and Tennis Tournament - Calling for Sponsors

Charity Golf and Tennis are back again. We would like to take this opportunity to call for sponsorship. kindly follow the link for more information.

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