2nd Edition: Maximizing Asset Value: Integrating Geoscience with Reservoir Management & Technologies Optimization (On Demand)

The oil and gas industry supplies a market that has been volatile, more so in the last decade. Between competing suppliers, global financial troubles and a global pandemic, oversupply and erosion of demand have become mainstay. The industry needs to demonstrate that it can maintain the value creation proposition in the face of fluctuating hydrocarbon prices. Adopting new strategies to better characterize the subsurface, increase recovery, drive down development costs and maximize product value through the use of discipline integration, field optimization, as well as implementation of cutting-edge technologies is now a must for the industry. Subsurface to surface integration offers a better strategy when chasing new oil and gas resources with high cost and long development time or enhancing the performance of mature fields. Improvements in existing optimization workflows and practices in both conventional and unconventional field development will prove effective at driving down costs by utilizing multi-disciplinary approaches in the integration of processes.

The objective of the workshop to drive a further discussion of integration processes between geoscience, engineering, and technology deployment through examining the industry’s case studies across multiple disciplines. The workshop also aims to highlight the improvements made in the topic over the last two years across both conventional and unconventional field development.

The workshop will attract experts from various disciplines to talk and share their experience and knowledge in topics covering:

• Subsurface to Surface Collaborative Planning and Integration
• Field Optimization Lessons Applied to Conventional and Unconventional Fields
• Exploring New Fields Versus Optimizing Existing Fields, a Cost Driven Discussion
• Workflow and Technologies Advancement