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Confidential © 2012 GEODynamics, Inc. Confidential 1
Confidential GEODynamics Perforating for Profit - Manav Kanwar SK Oilfield, Mumbai IDEC | 23 May 2013
Confidential © 2012 GEODynamics, Inc. Confidential GEODynamics Helps Operating Companies and Service Providers Complete More Profitable Wells Company Purpose
Confidential © 2012 GEODynamics, Inc. Confidential GEODynamics develops and manufactures wellbore perforation systems. Our direct customers are oilfield service companies. They deploy our equipment for the ultimate end user, the well operator. We also market to end users, so that they select/specify our equipment. Business Activity
Confidential © 2012 GEODynamics, Inc. Confidential General Challenges Issues when selecting a perforating system Rule-of-thumb approaches used to design Most systems are optimized for cement … not rock Busy, under-trained engineers Replicating well plans and minimizing cost Without guidance, procurement takes control Reservoirs vary between & within wells Suboptimal perforation/stimulation designs 5
Confidential © 2012 GEODynamics, Inc. Confidential Economic Impact Productivity varies Rates decline faster than expected Untapped reserves Incremental cost of intervention Wells are less profitable than planned 6
Confidential © 2012 GEODynamics, Inc. Confidential 7
Confidential © 2012 GEODynamics, Inc. Confidential GEODynamics’ Product Families Custom-built solutions Reactive liner shaped charges Industry-leading perforators Value-engineered systems Completion systems & valves Supported by a full range of carrier systems & accessories 8
Confidential © 2012 GEODynamics, Inc. Confidential Reactive® Perforating (CONNEX® Product Line) Shaped charge liner contains proprietary metals that react with each other after detonation Reaction generates heat & pressure within and around tunnel, breaking up & expelling debris Crushed zone surrounding tunnel is removed Over-pressure fractures the tunnel tip Debris-free tunnels with superior geometry for flow &/or stimulation are delivered without underbalance 9
Confidential © 2012 GEODynamics, Inc. Confidential Industry Leader in Penetration Data Source:
Confidential © 2012 GEODynamics, Inc. Confidential Industry Leader in Big Hole Systems (Flow Area) +62% +32% +10% vs. nearest 39g competitor +20% Data Source:
Confidential © 2012 GEODynamics, Inc. Confidential 12
Confidential © 2012 GEODynamics, Inc. Confidential 13
Confidential © 2012 GEODynamics, Inc. Confidential Why Should I Care? Simple Economics… Perf cost $ 40k per well Investment $ 200k (5 wells) 20% greater IP 480 bopd vs. 400 bopd offsets Cash flow ($ 90) 90 x 80 x 5 x ($90 – $25) = $ 2.34 mln ROII (production) $ 2340/200 = 11x (8 days payback) Economics on re-perforation are even stronger, especially if you are re-entering the well anyway 14
Confidential © 2012 GEODynamics, Inc. Confidential Summary of GEODynamics’ Differentiators Capabilities People & Experience (multidisciplinary) Evaluation Facilities Manufacturing Facilities Technology Reactive® Perforating systems developed for rock Industry-leading DP and BH Systems Focus Operator well performance/profitability Agnostic to service provider 15
Confidential © 2012 GEODynamics, Inc. Confidential Phone : Join SPE at THANK YOU … QUESTIONS?
2012 European and West-African Perforating Symposium SPE Evaluation and Design of Shaped Charge Perforators, and Translation to Field Applications.
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