What does it take to develop an offshore oil & gas field?
You are cordially invited to the final year project presentations of our undergraduate students studying for the in BSc in Oil & Gas Engineering— class of 2019. During the past several months teams of students have developed a comprehensive geological model of an offshore petroleum field assigned to them. The model comprises depositional environment details, petrophysical data from well logs, geological horizons (structural details) from seismic surveys and reservoir fluid properties. Utilizing the reservoir characteristics, students have estimated the hydrocarbon volumes in place and estimated reserves.
Synthesizing all of the data, student teams have formulated a viable development strategy for their oil field supported by reservoir fluid flow simulations. Development criteria included recovery rates, profitability, reservoir limitations, technological capabilities, and chemical considerations. Whatsmore, environmental aspects of petroleum field exploitation have been taken into account. To realize the plan for field development and operation (FDO) students had to integrate theoretical, engineering and economical knowledge gained during the course of their studies and beyond classroom. Hence, all of the stages of field exploration will be demonstrated from well log interpretation to commercial analysis while factoring in Cyprus’ environmental regulations as well as health and safety issues.
Presentations will help attendees realize what it takes to develop offshore gas fields discovered in the Cypriot Exclusive Economic Zone. The event is scheduled for Mon 3rd of June, at 10:00am, at the Research & Technology Bldg, University of Nicosia, and is open to the public.
You may also find interesting:
- Classifying and Identifying Floating Marine Debris
- Benefits from Oil Could Accrue Earlier than Gas
- The Quest of Natural Gas Offshore Cyprus