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    Oil & Gas A Sustainable Future?: Carlo Bardoli

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    CarloBardoli
    This document discusses the oil and gas industry and the transition to more sustainable energy sources. It provides an overview of the author's background working in petroleum engineering. It then discusses alternative energy terms and the current reliance on hydrocarbons for energy. The document outlines the upstream, midstream, and downstream parts of the oil industry. It notes that technologies like fracking have increased oil recovery but are not truly sustainable long-term solutions. The industry is investing in renewables but a complete transition will require cooperation across many industries given current reliance on oil and gas.

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    Oil & Gas A Sustainable Future?: Carlo Bardoli

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    CarloBardoli
    57 views20 pages
    This document discusses the oil and gas industry and the transition to more sustainable energy sources. It provides an overview of the author's background working in petroleum engineering. It then discusses alternative energy terms and the current reliance on hydrocarbons for energy. The document outlines the upstream, midstream, and downstream parts of the oil industry. It notes that technologies like fracking have increased oil recovery but are not truly sustainable long-term solutions. The industry is investing in renewables but a complete transition will require cooperation across many industries given current reliance on oil and gas.

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    Oil Future

    Original Title

    Oil Future

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    This document discusses the oil and gas industry and the transition to more sustainable energy sources. It provides an overview of the author's background working in petroleum engineering. It then discusses alternative energy terms and the current reliance on hydrocarbons for energy. The document outlines the upstream, midstream, and downstream parts of the oil industry. It notes that technologies like fracking have increased oil recovery but are not truly sustainable long-term solutions. The industry is investing in renewables but a complete transition will require cooperation across many industries given current reliance on oil and gas.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    57 views20 pages

    Oil & Gas A Sustainable Future?: Carlo Bardoli

    Uploaded by

    CarloBardoli
    This document discusses the oil and gas industry and the transition to more sustainable energy sources. It provides an overview of the author's background working in petroleum engineering. It then discusses alternative energy terms and the current reliance on hydrocarbons for energy. The document outlines the upstream, midstream, and downstream parts of the oil industry. It notes that technologies like fracking have increased oil recovery but are not truly sustainable long-term solutions. The industry is investing in renewables but a complete transition will require cooperation across many industries given current reliance on oil and gas.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 20

    Oil & Gas A Sustainable Future?

    Carlo Bardoli

    My Timeline

    BEng (Hons) Civil Engineering Nottingham University

    MSc Petroleum Engineering Heriot Watt University

    Reservoir Engineer Total E&P UK

    AGD Economics (Current Study)

    Alternative Energy?

    Buzzwords such as GREEN, SUISTANABLE, CHEAP, NON TOXIC,


    RENEWABLE come up when discussing alternative energy.
    Alternative Energy = Anything but energy from hydrocarbons.
    Roughly 85% of the worlds Energy comes from hydrocarbons.
    These buzzwords are definitely something new within society.

    The Whale Dilemma


    Over 3 million whales were killed
    in the 20th Century

    But WHY ?

    Introduction to the Oil Industry

    Upstream

    An array of professionals including Geologists, Petroleum Engineers,


    Drilling Engineers, Geo-Physicists.
    Process:

    Upstream - Drilling

    Regarded as the most dangerous activity in the industry.


    Not as simple as drilling a hole into the ground .. Would you believe it ?
    Pressures which need to be balanced
    We use mud.
    If pressures are not balanced we can get a
    BLOWOUT.

    Blowout Deepwater Horizon


    Killed 11
    Located in GOM
    4.9 Million Barrels of oil spilt into the ocean
    $42.5 Billion fine (BP) (Biggest ever fine in corporate history)
    BOP Failed

    Midstream

    Transportation of Oil and Gas:


    Pipeline
    Rail
    Barge
    Tanker

    Downstream

    Where the magic happens


    Can You see any object
    here which is not a
    derivative of oil ?
    Chemical Engineers
    Process Engineers
    Turn crude into useable
    components.

    World Oil Production

    World Oil Production

    The US Geological Survey estimates that we have used around 710


    billion of the worlds 3 trillion world supply.
    There is roughly around 60 years of oil left.
    Increasing demand ?
    Increasing population
    BUT WHAT ABOUT TECHNOLOGICAL ADVANCEMENTS.

    What Is being withheld from the public?

    We express the recovery of an oil well by recovery factor.


    On average by natural depletion we rarely reach over 10% recovery
    In some instances we are achieving 5% recovery.
    The estimated oil reserves are RECOVERABLE RESERVES.
    NOT OIL IN THE GROUND.

    WHAT IF ?

    So what if we can improve technology to enable the recovery factor to


    reach a higher figure lets say 90%
    Well we would have 100s of years of oil ahead of us.
    There is plenty of research going into this with very large budgets.
    The techniques are called EOR (Enhanced Oil Recovery) methods.

    So where are we now with EOR techniques ?

    Enhanced Oil Recovery (EOR) Techniques to date:


    Hydraulic Fracturing
    Water Injection
    Gas Injection
    Polymer Flooding
    Pumps (ESP, Rod etc.)

    A Short Fix?

    These techniques can do a lot of bad for the environment and are
    certainly not GREEN.
    Oil will still run out at some point even if it is extended for over 100-200
    years.
    So what now

    RENEWABLES

    What The Oil Industry is Doing

    Petroleum Engineers and the majority working in the oil industry are
    working towards a sustainable future.
    Total acquired SunPower for $1.4 billion
    Other Supermajors have made big investment.
    It is in the best interests of everyone to move to a more
    sustainable fuel source.

    Not such a simple transition

    Cooperation

    Cooperation is needed within all industries to make this transition.


    For Example: If everyone is driving around in petrol driven cars then
    there will still be a demand for petroleum.
    If Coca-Cola continue to use petroleum in their bottles then there will
    still be a demand for petroleum.

    NOT JUST A SIMPLE SWITCHOVER

    Conclusion

    The Industry is certainly moving forwards and not backwards.

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