a balanced portfolio of assets
DESCRIPTION
M A L A Y S I A. NORTH SEA. 2001. U. K. 1997-03. 2000-02. C H I N A. 2002-04. T. ISLE. A Balanced Portfolio of Assets. …Didn’t Happen Overnight!. 2004. U T A H. O K L A H O M A. N E W M E X I C O. T E X A S. L O U I S I A N A. 1989-98. 2004 Pro forma Inland. - PowerPoint PPT PresentationTRANSCRIPT
September 21, 2004September 21, 2004
EPA GAS STAR EPA GAS STAR IMPLEMENTATIONIMPLEMENTATION
September 21, 2004September 21, 2004
EPA GAS STAR EPA GAS STAR IMPLEMENTATIONIMPLEMENTATION
1997-031997-03
C H I N A
U. K.
NORTHSEA
20012001
A Balanced Portfolio of Assets
1989-981989-98
……Didn’t Happen Overnight!Didn’t Happen Overnight!
T E X A SL O U I S I A N A
N E W M E X I C O
O K L A H O M A
2000-022000-02
2002-2002-0404T. ISLE
U T A H
M A L A Y S I A20020044
2004 Pro forma Inland2004 Pro forma Inland
Newfield – A Diversified Company
OnshoreOnshoreGulf CoastGulf Coast
3%
97%
Gulf of MexicoGulf of Mexico
19991999RESERVESRESERVES
OnshoreOnshoreGulf CoastGulf Coast
4%
96%
PRODUCTIONPRODUCTION
RLI increases to 7 years
RLI increases to 7 years
Gulf of MexicoGulf of Mexico
RESERVES ~ 1.7 RESERVES ~ 1.7 TCFETCFE
27%
21%
33%
19%
MalaysiaMalaysia
RockiesRockiesMid-Cont.Mid-Cont.
Onshore Onshore Gulf CoastGulf Coast
4%
PRODUCTION (MMcfe/d)PRODUCTION (MMcfe/d)
32%
17%
40%
7%
MalaysiaMalaysia
RockiesRockies
Onshore Onshore Gulf CoastGulf Coast
4%
Mid-Cont.Mid-Cont.
Gulf of MexicoGulf of Mexico
Gulf of MexicoGulf of Mexico5 year RLI5 year RLI
The Growth of NFX
0
50
100
150
200
250
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004e
Gulf of Mexico
Net Production (BCFE)
Mid-ContinentMid-Continent
Onshore GCOnshore GC
InternationalInternational
Newfield and EPA Gas STAR
Recently join Gas STAR in June of this year.Recently join Gas STAR in June of this year.
Prior, NFX didn’t feel they had the internal resources to Prior, NFX didn’t feel they had the internal resources to focus and drive the program.focus and drive the program.
Now, we’re actively looking for ways to Now, we’re actively looking for ways to increase profitability through methane increase profitability through methane emission reductions.emission reductions.
Pro – OpProcess Related Opportunity - Optimization
PRO-OP – PRO-OP – a systematic approach to increase a systematic approach to increase production efficiencies and profitability through production efficiencies and profitability through evaluating process components whereby methane evaluating process components whereby methane emissions are reduced on a cost effective basis.emissions are reduced on a cost effective basis.
New Designs (platform, facility, production trains)New Designs (platform, facility, production trains)
Modifications / RepairsModifications / Repairs
Ongoing Facility EvaluationOngoing Facility Evaluation
Strategy:
1. Cost effectively eliminate emission source
2. Cost effectively capture for sales
3. Flare (destruction)
Increase Profitability…..Emission Management
HP LP
FLASH
CONTACTOR
TEST
Oil Treating Water Handling
OILSURGE/STORAGE
TANK
SalesPoint
100 units100 units
Pro – Op
ENGINE COMP
Pro - Op Process -> Onshore
LP
To Comp
OILOIL
ENGINE COMP
Separator Pressure?
ENGINE VRU
Vent
FLARE
Flash EmissionsTo Sales
HP
PSV Integrity
Circulation Rates
Flash Separator
Non-Condensables
Fuel Efficiencies
Seals
High Bleed vs. Low Bleed
HT
Separator Temperature?
Develop TemplateDevelop Template
–Onshore Onshore FacilitiesFacilities
–Offshore Offshore FacilitiesFacilities
Develop TemplateDevelop Template
–Onshore Onshore FacilitiesFacilities
–Offshore Offshore FacilitiesFacilities
Attention to Details….Increases Profitability
NEW FACILITIESNEW FACILITIESNEW FACILITIESNEW FACILITIES
EvaluateEvaluate
–Each DeviceEach Device
–AlternativesAlternatives
–Cost EfficienciesCost Efficiencies
EvaluateEvaluate
–Each DeviceEach Device
–AlternativesAlternatives
–Cost EfficienciesCost Efficiencies
MODIFICATIONS MODIFICATIONS / REPAIRS/ REPAIRS
MODIFICATIONS MODIFICATIONS / REPAIRS/ REPAIRS
OpportunitiesOpportunities
–FlashFlash
–Glycol Circulation Glycol Circulation RatesRates
–Separator Separator Optimization Optimization
–Other EfficienciesOther Efficiencies
OpportunitiesOpportunities
–FlashFlash
–Glycol Circulation Glycol Circulation RatesRates
–Separator Separator Optimization Optimization
–Other EfficienciesOther Efficiencies
ONGOING ONGOING FACILITY FACILITY
EVALUATIONSEVALUATIONS
ONGOING ONGOING FACILITY FACILITY
EVALUATIONSEVALUATIONS
Other Participation
• Supplying data and reviewing proposed Lessons Learn on separator optimization and floatation cells
• Participating in STAR sponsored Pro –OP for several NFX offshore facilities