HomeScience Discipline Business and Economics

Business and Economics

Middle East Blog

The AAPG Regional Variations in Charge Systems and the Impact on Petroleum Fluid Properties in Exploration workshop took place from 11-13 February 2019 at the Steigenberger Hotel, Business Bay, Dubai. This was the first edition of this workshop and we received 33 attendees from 20 different companies and 12 different countries.  

American Association of Petroleum Geologists (AAPG)
Middle East Blog

The 12th edition of the International Petroleum Technology Conference (IPTC) will be held 13–15 January 2020 at the Dhahran EXPO in Dhahran, Kingdom of Saudi Arabia, with Saudi Aramco serving as the Exclusive Host Organization. IPTC is a collaborative effort among the American Association of Petroleum Geologists (AAPG), the European Association of Geoscientists and Engineers (EAGE), the Society of Exploration Geophysicists (SEG), and the Society of Petroleum Engineers (SPE).

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Division Column EMD

Our industry has been through a lot of changes since 2000, due in no small part to the explosive growth in unconventional oil and gas. Petroleum geologists have had to adapt to this change by learning new skills to keep abreast of the technological changes required to explore and develop unconventional oil and gas resources.

American Association of Petroleum Geologists (AAPG)
Explorer President’s Column

In energy discussions, many conversations have focused on what must be done for the future. This is only part of the sustainability definition. There is also a responsibility to meet the needs of the present. “Humanity has the ability to make development sustainable to ensure that it meets the needs of the present without compromising the ability of future generations to meet their own needs,” reads the United Nations “Report of the World Commission on Environment and Development: Our Common Future.”

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Director’s Corner

Geoscientists play a lot of different roles in our industry, but foremost, we are technical and scientific experts. We understand the rocks, their depositional history and their potential to generate hydrocarbons.

American Association of Petroleum Geologists (AAPG)
Explorer Geophysical Corner

Coherence and curvature attribute computations are usually carried out on stacked seismic data volumes to delineate faults, flexures and large fractures. If the vertically-aligned parallel fractures in the subsurface are filled with fluid, or weakly cemented, the P-wave velocity across the fractures will be slower than that parallel to the fractures. These differences give rise to a velocity variation with azimuth. Because impedance is the product of density and velocity, such fractures also give rise to amplitude variation with offset.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

About 1 billion people in the world live without electricity. In 2015, the United Nations announced an ambitious agenda to ensure access to affordable, reliable, sustainable and modern energy for all. Two years on, several multinational energy companies have become involved, or increased efforts already under way, with initiatives aimed at bringing Goal 7 to reality for about 200 million people, mostly in least-developed counties.

American Association of Petroleum Geologists (AAPG)
Explorer Business Side of Geology Column

It isn’t so much a lack of demand creating the ongoing oil supply glut, but a lack of market connectivity: the United States needs more oil pipelines.

American Association of Petroleum Geologists (AAPG)
Explorer Business Side of Geology Column

In simple terms,” said Donald Burdick, CEO and co-founder of Olifant Energy, “you can view partnering with a private equity firm as a way to partner with many investors under one large aggregator.” On the most basic level, private equity firms reach out to many investors for their funds and then turn around and deploy that capital among their portfolio of companies. “This approach,” said Burdick, “mitigates risk for the investors and it simplifies the financial reporting for the portfolio company.

Show more
American Association of Petroleum Geologists (AAPG)
Explorer Article

It was only expected to produce for 30 years. But now, 40 years later, BP looks forward to another 40 years of production in Alaska’s Prudhoe Bay.

American Association of Petroleum Geologists (AAPG)
Workshop
Kuala Lumpur, Malaysia
Monday, 2 October Tuesday, 3 October 2023, 8:00 a.m.–5:00 p.m.

AAPG and EAGE have teamed up to deliver the upcoming New Discoveries in Mature Basins workshop to be held from 2-3 October 2023 in Kuala Lumpur, Malaysia. Save the date! Registration to open soon.

American Association of Petroleum Geologists (AAPG)
Workshop
Khobar, Saudi Arabia
Monday, 9 October Wednesday, 11 October 2023, 8:00 a.m.–5:00 p.m.

The fifth annual AAPG Siliciclastic Reservoirs of the Middle East Workshop will take place in Al Khobar in Saudi Arabia from 9 – 11 October 2023. This workshop will bring together professionals from the region to share their knowledge and experience related to siliciclastic reservoirs and showcase the best success stories in the industry on understanding and utilizing oil and gas siliciclastic reservoirs in the region.

American Association of Petroleum Geologists (AAPG)
Workshop
Khobar, Saudi Arabia
Monday, 4 March Wednesday, 6 March 2024, 8:00 a.m.–5:00 p.m.

Join us for the 4th Edition of: "Stratigraphic Traps of the Middle East" workshop. The workshop will be hosted by AAPG in Al Khobar, Saudi Arabia 4-6 March 2024.

American Association of Petroleum Geologists (AAPG)
Workshop
Paramaribo, Suriname
Wednesday, 17 January Thursday, 18 January 2024, 8:00 a.m.–5:00 p.m.

Plan now to attend an interactive in-person workshop with industry leaders, government representatives and technical experts working in the Guyana-Suriname Basin.

American Association of Petroleum Geologists (AAPG)
Field Seminar
Lisbon, Portugal
Tuesday, 20 June 2023, 8:00 a.m.–5:00 p.m.

Come along on this 1-day field seminar and tour outcrops in the Serra de Montejunto, just north of Lisbon and on the coast from Porto Novo to Paimogo. Instructors: Ricardo Pereira, GeoBioTec - Faculdade de Ciências e Tecnologia, Universidade Nova de Lisboa. Gil Machado, ChronSurveys Lda & Instituto Dom Luiz Fees: €190 - Local VAT applicable Limit: 20 Participants Includes: Ground Transportation Snacks and Refreshments Lunch and Dinner Guidebook Departure Time/Location 20 June 2023 8:30am Hotel Dom Pedro Note:Transportation to start point is not included in the costs of this trip. Please bring clothing for hot day time temperatures (sun hat/ sun glasses/ sun cream etc.). Participants must wear suitable and comfortable light trekking shoes. Aims To gain or increase an understanding of the tectono-sedimentary processes of continental extension and rifting supported by outcrop observations, with focus on deep-depositional marine systems. Discuss implications for prospective petroleum systems. Promote debate and nourish new insights between attendants. About the Field Trip The Lusitanian Basin records the proximal events of syn- to post rift evolution of the hyper-extended West Iberian Margin, showing some outstanding examples of the combined tectono-stratigraphic depositional systems. Here, the Late Jurassic reveals diverse aspects of mixed marine depositional systems including not only submarine fans and turbidites, but also the build-up of carbonate reefs and shoreface to fluvial clastic sequences. Throughout the field trip the different depositional aspects can be observed in detail to demonstrate how such depositional systems can vary in time and space. Observation of these outcrops allows a better understanding on how deep-water depositional systems can change within a sub-basin and help improving the understanding of reservoir properties.

Show more
American Association of Petroleum Geologists (AAPG)
Workshop
Lisbon, Portugal
Wednesday, 21 June Thursday, 22 June 2023, 8:00 a.m.–5:00 p.m.

This 3-day conference brings together diverse experts working on modern and ancient turbidite, MTDs, contourite and hybrid/mixed systems in order to improve the present-day knowledge, models and predictive power.

American Association of Petroleum Geologists (AAPG)
VG Abstract

In comparison with the known boundary conditions that promote salt deformation and flow in sedimentary basins, the processes involved with the mobilization of clay-rich detrital sediments are far less well established. This talk will use seismic examples in different tectonic settings to document the variety of shale geometries that can be formed under brittle and ductile deformations.

Request a visit from Juan I. Soto!

American Association of Petroleum Geologists (AAPG)
DL Abstract

As oil and gas exploration and production occur in deeper basins and more complex geologic settings, accurate characterization and modeling of reservoirs to improve estimated ultimate recovery (EUR) prediction, optimize well placement and maximize recovery become paramount. Existing technologies for reservoir characterization and modeling have proven inadequate for delivering detailed 3D predictions of reservoir architecture, connectivity and rock quality at scales that impact subsurface flow patterns and reservoir performance. Because of the gap between the geophysical and geologic data available (seismic, well logs, cores) and the data needed to model rock heterogeneities at the reservoir scale, constraints from external analog systems are needed. Existing stratigraphic concepts and deposition models are mostly empirical and seldom provide quantitative constraints on fine-scale reservoir heterogeneity. Current reservoir modeling tools are challenged to accurately replicate complex, nonstationary, rock heterogeneity patterns that control connectivity, such as shale layers that serve as flow baffles and barriers.

Show more

Request a visit from Tao Sun!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Three-dimensional (3D) seismic-reflection surveys provide one of the most important data types for understanding subsurface depositional systems. Quantitative analysis is commonly restricted to geophysical interpretation of elastic properties of rocks in the subsurface. Wide availability of 3D seismic-reflection data and integration provide opportunities for quantitative analysis of subsurface stratigraphic sequences. Here, we integrate traditional seismic-stratigraphic interpretation with quantitative geomorphologic analysis and numerical modeling to explore new insights into submarine-channel evolution.

Show more

Request a visit from Jacob Covault!

American Association of Petroleum Geologists (AAPG)
VG Abstract

The Betic hinterland, in the westernmost Mediterranean, constitutes a unique example of a stack of metamorphic units. Using a three-dimensional model for the crustal structure of the Betics-Rif area this talk will address the role of crustal flow simultaneously to upper-crustal low-angle faulting in the origin and evolution of the topography.

Request a visit from Juan I. Soto!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Around 170 million years ago, the Gulf of Mexico basin flooded catastrophically, and the pre-existing landscape, which had been a very rugged, arid, semi-desert world, was drowned beneath an inland sea of salt water. The drowned landscape was then buried under kilometers of salt, perfectly preserving the older topography. Now, with high-quality 3D seismic data, the salt appears as a transparent layer, and the details of the drowned world can be seen in exquisite detail, providing a unique snapshot of the world on the eve of the flooding event. We can map out hills and valleys, and a system of river gullies and a large, meandering river system. These rivers in turn fed into a deep central lake, whose surface was about 750m below global sea level. This new knowledge also reveals how the Louann Salt was deposited. In contrast to published models, the salt was deposited in a deep water, hypersaline sea. We can estimate the rate of deposition, and it was very fast; we believe that the entire thickness of several kilometers of salt was laid down in a few tens of thousands of years, making it possibly the fastest sustained deposition seen so far in the geological record.

Show more

Request a visit from Frank Peel!

American Association of Petroleum Geologists (AAPG)
DL Abstract

President Biden has laid out a bold and ambitious goal of achieving net-zero carbon emissions in the United States by 2050.  The pathway to that target includes cutting total greenhouse gas emissions in half by 2030 and eliminating them entirely from the nation’s electricity sector by 2035. The Office of Fossil Energy and Carbon Management will play an important role in the transition to net-zero carbon emissions by reducing the environmental impacts of fossil energy production and use – and helping decarbonize other hard-to abate sectors.

Show more

Request a visit from Jennifer Wilcox!

American Association of Petroleum Geologists (AAPG)
VG Abstract

The carbonate sequences that were deposited in the now exhumed Tethyan Ocean influence many aspects of our lives today, either by supplying the energy that warms our homes and the fuel that powers our cars or providing the stunning landscapes for both winter and summer vacations. They also represent some of the most intensely studied rock formations in the world and have provided geoscientists with a fascinating insight into the turbulent nature of 250 Million years of Earth’s history. By combining studies from the full range of geoscience disciplines this presentation will trace the development of these carbonate sequences from their initial formation on the margins of large ancient continental masses to their present day locations in and around the Greater Mediterranean and Near East region. The first order control on growth patterns and carbonate platform development by the regional plate-tectonic setting, underlying basin architecture and fluctuations in sea level will be illustrated. The organisms that contribute to sequence development will be revealed to be treasure troves of forensic information. Finally, these rock sequences will be shown to contain all the ingredients necessary to form and retain hydrocarbons and the manner in which major post-depositional tectonic events led to the formation of some of the largest hydrocarbon accumulations in the world will be demonstrated.

Show more

Request a visit from Keith Gerdes!

American Association of Petroleum Geologists (AAPG)
DL Abstract

Local sea-level changes are not simply a function of global ocean volumes but also the interactions between the solid Earth, the Earth’s gravitational field and the loading and unloading of ice sheets. Contrasting behaviors between Antarctica and Scotland highlight how important the geologic structure beneath the former ice sheets is in determining the interactions between ice sheets and relative sea levels.

Request a visit from Alex Simms!

American Association of Petroleum Geologists (AAPG)
VG Abstract

Production from unconventional petroleum reservoirs includes petroleum from shale, coal, tight-sand and oil-sand. These reservoirs contain enormous quantities of oil and natural gas but pose a technology challenge to both geoscientists and engineers to produce economically on a commercial scale. These reservoirs store large volumes and are widely distributed at different stratigraphic levels and basin types, offering long-term potential for energy supply. Most of these reservoirs are low permeability and porosity that need enhancement with hydraulic fracture stimulation to maximize fluid drainage. Production from these reservoirs is increasing with continued advancement in geological characterization techniques and technology for well drilling, logging, and completion with drainage enhancement. Currently, Australia, Argentina, Canada, Egypt, USA, and Venezuela are producing natural gas from low permeability reservoirs: tight-sand, shale, and coal (CBM). Canada, Russia, USA, and Venezuela are producing heavy oil from oilsand. USA is leading the development of techniques for exploring, and technology for exploiting unconventional gas resources, which can help to develop potential gas-bearing shales of Thailand. The main focus is on source-reservoir-seal shale petroleum plays. In these tight rocks petroleum resides in the micro-pores as well as adsorbed on and in the organics. Shale has very low matrix permeability (nano-darcies) and has highly layered formations with differences in vertical and horizontal properties, vertically non-homogeneous and horizontally anisotropic with complicate natural fractures. Understanding the rocks is critical in selecting fluid drainage enhancement mechanisms; rock properties such as where shale is clay or silica rich, clay types and maturation , kerogen type and maturation, permeability, porosity, and saturation. Most of these plays require horizontal development with large numbers of wells that require an understanding of formation structure, setting and reservoir character and its lateral extension. The quality of shale-gas resources depend on thickness of net pay (>100 m), adequate porosity (>2%), high reservoir pressure (ideally overpressure), high thermal maturity (>1.5% Ro), high organic richness (>2% TOC), low in clay (<50%), high in brittle minerals (quartz, carbonates, feldspars), and favourable in-situ stress. During the past decade, unconventional shale and tight-sand gas plays have become an important supply of natural gas in the US, and now in shale oil as well. As a consequence, interest to assess and explore these plays is rapidly spreading worldwide. The high production potential of shale petroleum resources has contributed to a comparably favourable outlook for increased future petroleum supplies globally. Application of 2D and 3D seismic for defining reservoirs and micro seismic for monitoring fracturing, measuring rock properties downhole (borehole imaging) and in laboratory (mineralogy, porosity, permeability), horizontal drilling (downhole GPS), and hydraulic fracture stimulation (cross-linked gel, slick-water, nitrogen or nitrogen foam) is key in improving production from these huge resources with low productivity factors.

Show more

Request a visit from Ameed Ghori!

American Association of Petroleum Geologists (AAPG)

Related Interests

See Also ...