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Technology Information Session
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2002 10 29
Below-the-reservoir Production of Crude Oil and Gas Joint Industry
Project (JIP)
Omega and Husky Energy Inc. invite
you, or a suitable representative from your organization, to attend an
information session on a proposal to initiate a Joint Industry Project
(JIP) to utilize a proprietary technology that reduces the cost, increases
recovery and greatly mitigates the environmental impact of producing
shallow crude oil and gas.
| Date: |
Tuesday, October 29, 2002 (Light Lunch
Provided) |
| Time:
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11:30 a.m. – 1:00 p.m. |
Location:
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EnCana Amphitheatre, Rm 260, Tower
Centre, 2nd Level,
131 – 9 Ave SE, Calgary
AB |
Background
The Omega method is production of shallow crude
oil, natural gas and coal bed methane by way of long horizontal or near
horizontal slim boreholes drilled and serviced from a subsurface
below-the-reservoir wellhead. A subsurface workroom serves as both the
drilling platform and the place to which production is accumulated from
the wells. Omega’s production method is dependent upon the production of
hydrocarbons by way of wellheads placed below the reservoir that are
serviced by an eight-foot diameter shaft. Although this concept has
been around for a considerable period of time, Omega has overcome the
inherent physical and economic limitations to such a production scheme by
developing devices that allow for application of the method at depths up
to 3500 feet, servicing up to 8500 acres from a single facility and
operating in reservoir pressures up to 2500 pounds psi.
Advantages of below-the-reservoir production of crude
oil and gas are summarized as:
- higher recovery
rates
- lower capital and operating costs
- significant
environmental advantages when compared to conventional and other competing
technologies.
Omega believes that its technology will allow
development or production of assets (proven reserves) that otherwise would
not be produced in current market conditions. This method is particularly
attractive to oil companies holding large shallow reserves of heavy crude
oils and tight natural gas and coalbed methane. When the Omega method is
used for the production of natural gas or coalbed methane, the dense
horizontal well spacing increases the probability of well communication
within tight and compartmentalized reservoirs improving recovery factors
and other economies associated with centralized production
facilities.
Benefits
- The capital cost
is less per barrel
- The operating cost is less per
barrel
- The cost to drill each production hole is much less than
surface drilling
- A much greater portion of the borehole is in
the pay zone horizon
- Better consolidation of production
facilities
- Less environmental disturbance
- Reduction of
site reclamation cost
- Elimination of work over
cost
- Elimination of sanding in problems
PTAC makes no representation regarding
ownership or quality of the subject technology .
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