The Future of Solutions:  Technologies for Increased Oil Recovery (IOR)

Subsea IOR: Achievements & Future

Vidar Sten-Halvorsen

Technical Manager

FMC Well Intervention Systems

Subsea Growth and Evolution

FMC Technologies at a Glance

• $5.1 billion revenue in 2011

• 14,200 employees worldwide

• 27 production facilities in 16 countries

• Recognized as one of the top Oilfield Service Companies

An oilfield serviceand equipment company

Technology achievements

Technology LeadershipStrong subsea track record

World record water depths achieved by FMC TechnologiesWorld record water depths achieved by FMC Technologies

Increased Oil Recovery

Enhancing brownfield oil recovery andenabling greenfield development

• Brownfield challenges:

− Declining oil & gas production − Increasing water production− Constrained topside facilities

− Cost of Equipment failures

• Greenfield challenges:

− Heavy oil − Low reservoir pressure− Hydrate formation

FMC’s response to IOR challenges

FlexibleField ArchitectureHPHTEnhanced Subsea ControlsArctic DevelopmentDeep WaterLong Distance

SeparationPumping / BoostingCompression

Light Well InterventionThrough Tubing Rotary Drilling

Field Development Processing Increased Oil Recovery

FMC’s Subsea IOR ProjectsActivity in every major deepwater basin

BC-10• Greenfield• Gas/Liquid Separation• Boosting

Perdido• Greenfield• Gas/Liquid Separation• Boosting

Tordis• Brownfield• Gas/Oil/Water/Sand Separation• Boosting

Cascade• Greenfield• Boosting

Pazflor• Greenfield• Gas/Liquid Separation• Boosting

Greenfield Brownfield

Marlim• Brownfield• Gas/Oil/Water/Sand Separation

The North Sea• RLWI• TTRD

What is Riserless Light Well Intervention -RLWI?

RLWI overview

• Alliance established in 2004 between;– Island Offshore – Aker Well Service – FMC Services

• Currently operating 3 vessels – 2 vessels year round for

Statoil– One vessel partly

Statoil, partly other operators

– Capable of working West of Shetland

2003

2004

2005

2006

2007

2008

2009

2010

2011

0

10

20

30

40

50

Prosafe Regalia Island FrontierIsland Wellserver Island Constructor

Riser Less Light Well Intervention Services

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Summary Of Vessel Operations to Date:

Q1 2012

Vessel No of Wells Runs PLT Perforations Plugs

Insert DHSV

Scale Brush

Scale Mill

Island Frontier 87 620 58 59 180 12 9 18

 

Island Wellserver 45 384 44 55 85 18 7 16

 

Island Constructor 23 107 14 6 53 4 0 6

 

Totals 155 1111 116 120 318 34 16 40

StatoilHydro – Tordis ProjectEnhancing Brownfield Oil Recovery

• First full-scale subsea separation system

• Gas/Oil/Water/Sand Separation

• Capacity 200,000 barrels/day

• Potential to recover additional 19 million barrels of oil

Project Partners:

Total – Pazflor ProjectEnabling greenfield economic viability

• New field (greenfield) with heavy oil and hydrate risk

• Gas/liquid separation with boosting at 2,000 ft. depth

• Producing to FPSO with:

− 49 subsea trees and production control systems

− 3 gas/liquid separation and boosting systems

− Potential for additional 21 wells and 1 subsea separation system

Project Partners:

Angola

Petrobras – Marlim ProjectEnhancing brownfield oil recovery

• First deepwater subsea oil/water separation system

• Mature field (brownfield) with heavy oil and increasing water production

• Gas/oil/water/sand separation at 3,000 ft. depth

• Water reinjected into reservoir to boost production

Project Operator:

Brazil

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Inline, ultra-compact subsea separation – the basis for FMC’s position in Subsea Processing

High G-force liquid liquid separation

The Future: Looking ahead

Markets’ maturity for subsea technology

Mature markets (1970 ->)Developing markets (2000 ->)Future market (2010 ->)

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Subsea Growth Forecast

15%

9%

8%

7%

6%6%6%

3%3%

37%

Subsea Tree Deliveries 2010-2014

PetrobrasBPChevronShellTotalExxonMobilStatoilEniConocoPhillipsOther

Source: Infield Systems Ltd.

Annual Average 480 - 720 treesSource: Datamonitor

Subsea Production Forecast by Region

2000 2005 2010 2015 20200

2

4

6

8

10

12

14

16

18

Middle EastEastern EuropeAustralasiaWestern EuropeNorth AmericaAsiaLatin AmericaAfrica

Mill

ion B

OEPD

Strong Focus on Increased Oil Recovery Subsea

0%

5%

10%

15%

20%

Onshore Shallow-water Deepwater

Implications• Increased opportunities to push IOR on Subsea fields• Increased need for processing and boosting capabilities• Increasing need to conduct well interventions and extensions

Annual Field Decline RatesSubsea Field Production Profile

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2007 2008 2009 2010 2011 2012 2013 2014 2015

EOR PotentialNatural Production

KB

OE/D

ay

Source: Cambridge Energy Research Associates (CERA); Jan 2008 Note: Includes natural decline plus EOR efforts Onshore/Shallow water field declines lower due to EOR technologies

Source: Rystad Energy

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FMC’s Subsea Vision

The Future is in our Hands!