Global oil & gas industry has a bright future, even in the backdrop of uncertainty and volatility in the market. There is an everlasting need of energy demand in the light of prosperity and industrialism. The current oil demand is around 84 mbbl/day and more exploration for new reserves increased production needed to sustain the growth. Currently the oil production can easily meet this demand and is somewhat controlled by the group of Oil Producing and Exporting Countries (OPEC). An overproduction caused mainly by non OPEC countries is good depending whether you are a producing country or not. This supply and demand controls the oil prices that currently oscillating between US$72 to US$100 per barrel of crude oil. During the last decade we have seen unprecedented growth of wellness, prosperity and industrial growth. The driver of this revolution in prosperity is ‘Energy’ that sustains our civilization. In spite of the global turmoil, the world energy market still remains relatively stable. Fossil fuels continue to be the main driver for the energy, while other sources of energy, although promising, is still in the drawing board and is something not economically viable. The rapid pace of economic growth is predicted to require at least 50% more energy than we need today in a span of 25 years. Upon completion of this course, participants will be able to: • Overview of world energy resources. • Looking into World and Malaysia oil and gas demand and supply. • Understanding the origin of petroleum and role of geoscience. • Role of geoscientist, reservoir engineers and technology advancement in petroleum exploration and production (E&P). • Case study in management style in oil and gas industry in OPEC / nonOPEC / IOC / NOC 1. Life of Field. This is the most important and critical step in the whole seismic method as applied in the Oil and Gas exploration and development. The Geological phenomena is concerned with the understanding the evolution of the Earth, which is hidden beneath the subsurface, are strongly delivered by Geophysics. In Geophysics, physical methods and principles are used to study the Earth’s formation and dynamics. 2. The Origin of Oil and Gas. Nearly 85% of world energy source is full-filed from hydrocarbon which is hidden beneath the earth’s crust, where temperature increases (60-120c) increases with depth, due to increase of temperature organic matter is buried and transformed into kerogen, oil and gas. 3. Role of Technology. 40% of major discoveries came from Luconia Basin Carbonates. The most recent estimate of oil in place from producing fields in Malaysia is 31.8 billion barrels with an estimated ultimate recovery of 11.0 billion. The instructor estimates that EOR and improved oil recovery (IOR) processes have the potential to recover another 1 billion barrel. However, a target of approximately 0.5 billion from currently producing fields seems more realistic. This means EOR/IOR have tremendous potential in Malaysian fields. With that in mind, PETRONAS and partners have undertaken extensive studies and pilot projects to examine the viability of EOR processes. 4. Correcting Measures to Reverse the Production decline. Remedial measures are needed, in both exploration and development, to replenish the reserves which are depleting faster than they are being replaced. Current actions are being taken by use Innovation geological play concept of advance reservoir modeling and Enhance Oil Recovery (EOR) technique. 5. CO2 Gas. As the most basins are in a relatively high pressure & high temperature region (HP & HT), most of the conventional wells are in shallow depth that not exceeds 3km with the basin are at least 12km deep. Because of Geological and Chemical complexities at least 22 % of our gas reserves have high CO2 content. Management of these resources and sequestration is recognized critical area of research. • • Suitable for Exploration and Reservoir Geoscientists and Petroleum Engineers • All staff and students engaged in the oil & gas industry and education • Young Geosciences Engineering and graduates Petroleum looking to strengthen their knowledge • Entry level Geosciences and Petroleum Engineering recruits in the oil and gas industry. • Executive / Management level looking for acquiring knowledge about the oil & gas industry • • RM 2,800 (Professionals) RM 2,500 (Student) The fees include refreshments and the course materials. Professor Dr Deva Prasad Ghosh obtained BSc. in Geology and Physics, MSc. in Geophysics both from Banaras Hindu University India and Ph.D. (1970) from Delft University, the Netherlands. He worked at Banaras Hindu University as Associate Professor in Geophysics for about 8 years. He worked in Shell from 19741999 holding various technological and management positions. Prof Deva joined PETRONAS in 2000 and was responsible for research, development, and application of geophysical technology worldwide. In 2011, he joined Universiti Teknologi PETRONAS (UTP) as Professor in Geophysics and currently responsible as Head of Center of Excellence in Subsurface Seismic Imaging & Hydrocarbon Prediction (CSI). He is passionate about geophysics, developing local staff, and transfer of technology. His field of interest is in Seismic Imaging, Seismic Attributes and Hydrocarbon prediction. He is a member of AAPG, SPE, EAGE and SEG, and a former editor of EAGE. He was SEG-Shell Distinguished Lecturer for SE Asia in 2010 and EAGE Lecturer 2012. A certificate of attendance will be issued upon successful completion of the course. • Payee : Universiti Teknologi Petronas • Bank Account Number : 8004857910 • Banker’s Name : CIMB Berhad • Swift Code : CIBBMYKL • Banker’s Address : 20, Jalan Pos Baru, 31000 Batu Gajah, Perak, Malaysia • Course Coordinator: Prof. Dr. Deva Prasad Ghosh Tel: +605 - 368 7033 Email: [email protected] • Course Registration: Puan Nurul Wahida Hood Tel: +605 - 368 8168 Email: [email protected] The scanned copy of the completed registration form along with proof of payment or a letter of undertaking should be sent via email to [email protected] on or before 9th February 2015. Note: Seats are limited. A seat will be confirmed once the payment is received and on the basis of “First come first served”. Confirmed participants will be informed via email.
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