[Half Days on 5 and 7 November]
High CO2, as well as high contaminant (H₂S, mercury etc.) fields, are prevalent challenges facing the industry in the Asia Pacific Region. The genesis of some are relatively well known, but prediction has been difficult. The impact that it has on-field development is tremendous and varies from field to field. In exploration, these have typically been shunned due to the high costs involved in developing these. However, the industry has been caught by surprise time and again due to the low sampling rate in the exploration phase. It is often decided whether it is worth continuing to the next stage based on a single wildcat and limited data availability. There have been cases of high contaminant(s) discoveries which, after appraisal, reveals a much lower percentage in the reservoir. The inverse has been proven as well, pointing to the difficulty in quantifying contaminant(s) during the exploration phase. Even amongst the high contaminant fields, often, there are low contaminant fields nestled in between and varying concentrations of contaminants from shallow to deeper reservoirs with no apparent trend.
Learning from best practices (innovative technology, cluster development, etc.) and risk-based planning are what can help commercialize these fields and bring them online. On the other hand, the development of these resources will be competing with new (alternative) energies. Even as the whole industry re-orients itself to play an ever more active role in combating climate change, carbon capture, utilization, and storage will be playing a pivotal role starting from the exploration and appraisal stage. How will all these fit into the energy transition? What role will the geoscientists and engineers play in these changing times? Government and regulators will need to be part of the conversation as a holistic solution is needed from the technical space to the regulatory space. An active conversation will be needed in the region that involves public-private participation in how best to prepare and tackle this issue.