2nd Annual Offshore Production Optimisation Conference

2 Dec 2015 - 3 Dec 2015

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Event details

Event dates: 2 Dec 2015 - 3 Dec 2015 Starts in: days

ITF Members will receive a £100 discount on all passes to the following event, please contact Pauline Hailstones e: p.hailstones@itfenergy.com to get the exclusive code

Conference Objective

Find collaborative solutions to enhance production, improve recovery and reduce downtime during offshore operations

Conference Content
  • Production Efficiency: Review the collaborative approaches being driven forward by industry that will help to enhance offshore operations and minimise production losses
  • Optimising Production and Improving Recovery: Learn about the latest improved oil recovery techniques being implemented across industry and how they will help maximise recovery and enhance production
  • Operational Excellence: Hear the key methodologies that offshore operators are using to transform current operational strategies by ensuring continuous improvements across their assets
  • Marginal Field Developments: See how operators are delivering economic marginal field developments during low oil prices so you can benefit from their experience
  • Technology Update: Examine the latest solutions available to industry including modelling, production data management, monitoring and predictive maintenance to minimise downtime and maximise economic recovery
 
Conference Partner
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Conference Context

The average recovery rate of hydrocarbons within the North Sea currently stands at approximately 66% with 34% or reserves being unrecovered. According to the Department of Energy & Climate Change (DECC 2014), total oil production from offshore fields in the North Sea between 1975 to 2013 stood at 3.32 billion metric tonnes (MT) - this means that approximately 2.21 billion (MT) of oil remained unrecovered in offshore reservoirs. This figure represents a substantial economic loss, which compounded by a general decline in remaining conventional reserves, increased environmental awareness and adverse international geopolitical events and has incited stakeholders in the upstream oil and gas sector to seek methods of optimising production processes.
With oil prices taking a substantial hit as of late, industry is faced with even bigger challenges when looking to improve production rates and to maximise recovery. 2015 is expected to see the first annual increase in production on the UKCS in 15 years so it's clear that the efforts being made by industry to improve approaches are working but there's still much more to be done.

Due to the current dip in oil prices, many capital intensive projects across Europe have been halted and oil companies are curbing spending on operational expenditure. A larger focus is now being placed on the management of production operations and to see where operators can cut costs without compromising safety.  As production revenues fall, companies will continue to look for ways to reduce their operating expenditure and cut costs.

The Offshore Production Optimisation Conference (December 2-3, 2015) will bring together production experts from major, independent and national oil companieskey associations and innovative technology providers. These experts will converge from across Europe to collaborate and discuss strategies that will help to enhance production, improve recovery and reduce downtime during offshore operations. 

 

Event location

161 Springfield Road, Aberdeen, AB15 7AQ, Aberdeenshire, United Kingdom

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