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WHAT KIND OF CHALLENGES Mogens Zoll Hundahl Esbjerg, 19 th August 2014
Agenda 2 1.Who am I? 2.Why the concern? 3.What are the challenges? 4.What is needed?
Who am I? 3 Name:Mogens Zoll Hundahl Age:53 years Education:BSc Chemical Engineering; Esbjerg 1988
Why the concern? 4 Threats 1.Financial 1. Reduced production 2. Ageing assets 2.Safety 1. ”Old” technology 2. Ageing assets 3.Environment 1. Increased awareness 2. Ageing assets
What are the challenges? 5 Reduced reservoir pressure Reduced oil/gas production Reduced lifetime of assets
What are the challenges? 6 Increased water production Increased cost of operation (OPEX) Maintenance Manning Lifetime extension
Reduced production 7
Lifetime 9 Typical North Sea design Designed1980 Design life25 years First production1982 End of life2007
Oil price 10
Lifting cost 11
What is next? 12 Produce more of the oil in place New technology EOR
Thank you for your attention 14
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