Nov. 12, 2009


Description

   This presentation will review challenges (old and new) that impact our ability to produce oil and gas in the offshore environment. Technology that can be used to overcome these challenges will be discussed.  

   Despite a short term slip in demand, there is still a long term hydrocarbon supply challenge. Whether you believe supply decline to be 4% or 9%, and whether you believe demand will stay flat or increase at 2%  per year, there remains a large gap between today’s oil and gas production capacity and future oil and gas supply requirements. The fact is that we must invest considerably in finding incremental oil, whether from existing fields through IOR or through improved drilling success rates and developing new fields. It is also a cliché to say that the easy oil has been developed—what better way to highlight that than by looking at the changes in water depth, pressure and temperature ratings, rig capacities, and subsea processing projects that have occurred over the recent past in the offshore environment.  
 
 

   With rig availability and rig costs constraining the subsea market, it makes sense to consider technologies that can get more from existing assets. One way being pursued is the application of single hull, dynamically positioned vessels as a platform from which to conduct well intervention operations. Open water stimulation and open water wireline operations are becoming more broadly applied as subsea wells age and experience a reduction in productivity.

 

Similarly subsea processing is one of the most innovative technologies being applied in the oil and gas industry today. The need to maximize recovery and increase hydrocarbon output while improving the asset’s net present value has never been greater. New application of separators and single phase pumps is enabling 'green' and 'brown' fields with low reservoir pressure to be economically produced with sideline benefits of improved flow assurance and reduced constraints on topside facilities.

 

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If you have special dietary needs (diabetic, religious, allergies, etc.) please include a note of your meal needs during the on-line registration process in the box labeled "Optional comments for the event planner".
 
Spinach salad
Smoked chicken pasta
Bread pudding  w/ lemon sauce
 
Valet parking is available at the ExxonMobil Building for $7.00 (on the Leeland Street side of the building).  You may also park in the public parking lots around the ExxonMobil Building for fees that are generally in the $5 - $6 range.
 

Featured Speakers

Speaker: STEPHEN BARRETT
Speaker STEPHEN BARRETT
GENERAL MANAGER, WESTERN HEMISPHERE SUBSEA SYSTEMS FMC TECHNOLOGIES, INC. Steve Barrett is the General Manager for FMC Technologies Western Hemisphere Subsea business. He joined FMC in 1982 as a design engineer in the Wellhead Equipment Division. His engineering career includes progressive responsibilities in research and development, new product development, and …

GENERAL MANAGER, WESTERN HEMISPHERE SUBSEA SYSTEMS
FMC TECHNOLOGIES, INC.

Steve Barrett is the General Manager for FMC Technologies Western Hemisphere Subsea business. He joined FMC in 1982 as a design engineer in the Wellhead Equipment Division. His engineering career includes progressive responsibilities in research and development, new product development, and engineering management. Barrett is a registered professional engineer in Texas and holds several patents.



His experience in sales and marketing includes three years in Aberdeen with FMC’s Fluid Control Division. In 2001, he became the general manager for the Fluid Control Division, and in 2005, he became the general manager for FMC’s Emerging Products with a focus on subsea separation, light well intervention, separation technologies, and metering. In 2006, Barrett joined the Subsea business as general manager for the western hemisphere.



Barrett earned a BS degree in mechanical engineering from Texas A&M University and an MBA degree from Rice University. He is a member of ASME, SPE, PESA, and active with the Boy Scouts of America.

Full Description



Organizer

Barry Faulkner


Date and Time

Thu, Nov. 12, 2009

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

Location

Petroleum Club of Houston, ExxonMobil Bldg. 43 Floor

800 Bell Street
Houston, Texas 77002
USA