Maximising recovery from existing oil and gas fields will be crucial to meeting the world’s growing energy needs, according to a BP representative speaking at the Middle East Oil and Gas Show.
“Demand for energy is expected to increase 50% to 60% by 2030, much of it from newly emerging markets,” explained Peter Roberts, subsurface manager, BP Abu Dhabi. “At BP, we believe the industry needs to look to increasing recovery from existing fields to meet this rising demand.”
Roberts explained how up to 50% of BP’s reserves growth since 2002 has come through the application of reservoir management techniques.
“Technology and reservoir management has been essential to the progress of BP over the past five years, enabling us to add around 8 billion barrels of oil equivalent (boe) to our resource base through exploration, an additional 8 billion barrels from appraisal and revisions and to shift some 9 billion boe from non-proved to proved reserves,” he said.
BP’s approach is to study the factors influencing recovery. It then defines the optimal number of wells, production rates and pressure maintenance schemes to maximise economic recovery. The company has developed a range of proprietary technologies to provide more accurate data on reservoir behaviour.
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