Introduction
Plenary Session on Heavy and Extra-heavy
crude oils
LACPEC 10 Conference
Lima, Dec. 3 - 2010
Outlook – Oil demand and supply
• World oil demand at least in the next two decades is
expected to continue to increase at a slow rate,
whereas production from conventional light crude oil
fields seems to have reached a peak.
• The decline of production from light crude oil fields will
have to be compensated by non-conventional
production, mainly from heavy and extra-heavy crude
oil fields.
• Worldwide downstream facilities (pipelines and
refineries, in particular) will have to be adapted to
changes in oil supply.
World Oil Endowment
The total endowment is estimated to 12-13.4 trillion barrels Venezuela and Canada together have ~25-28% of the total.
Conventional Oil
30%
Heavy Oil
15%
Oil shale not
included
Extra Heavy
and Bitumen
55%
Source: MacGregor, 1996 and UNITAR, 1998
World Oil Supply to 2030
The Subandean basin have important
heavy oil reserves
• This basin includes the
Orinoco belt
(Venezuela), the Llanos
basin (Colombia), the
ITT and other fields
(Ecuador) and the
Maranon fields (Peru).
• Mexico, Brazil and
Argentina have also
significant heavy crude
oil reserves.
Colombia – Development of heavy
crudes from the Llanos Eastern Basin
The ANH project
• The zone was divided in eight
blocks that have been awarded
to companies ready to execute
a minimal exploration work
program,, with investments
higher than a fixed minimum.
• The project concludes with
the operators providing ANH all
the information collected from
wells and geophysical surveys
and fulfillment of socioenvironmental management
plans
Awards – Final List
The Marañón Basin
API
Field
Bartra
Jibaro
Cunambo
Bretaña
Yanayacu
Huayuri
San Jacinto
Tigre
Jibarito
Arabela
Piraña
Dorado
Paiche
Buenavista
Delfin
Raya
Year
Company
1974
1974
1974
1974
1974
1975
1978
1980
1981
1994
1998
1998
1998
2005
Union
Union
Union
Amoco
Petroperu
Oxy
Oxy
Oxy
Oxy
Mobil
Barret/ Perenco
Barre/ Perencot
Barret/ Perenco
Repsol
2006
2006
Repsol
Repsol
Vivian
Chonta
11.5
10.6
27.5
10
18
19.0
19
13.4
11.5
11
15
27
38
37.5
12.5
13.7
21.2
15.9
12.9
13.3
13.2
13.5
10.5
PERU – First Heavy Crude Oil Project
Peru – Projection of oil production
(MBD)
300
Condensates from natural
gas
250
200
Estimated production
from Heavy Crude oil
fields
150
100
New production from
light crude fields
50
Actual production and
estimated decline
0
2000
2005
2010
2015
2020
The Project Cycle for Heavy Oil fields
• Fiscal terms (flexible to take into consideration oil price volatility)
• To probe reserves Reservas probadas + por confirmar
Contract
negotiation • EIA
• To verify the oil fields productivity
Evaluation & • To define technologies
experimental • To design the production facilities (incl. transport)
production
Comercial
Production
• To review and update EIAs
• To optimize production
• To integrate producers and develop synergies and economies of scale
Next Steps
• To verify reserves and production potential
• To prepare EIAs and socio-environmental
management plans
• To evaluate technology options and production
schemes, including integrated production from
several operators.
• To evaluate the adequacy of the fiscal regime.
• To decide the Government support and
Petroperu’s rol.
Session 3 - Speakers and Themes
Speaker
From
Theme
1- Jacob Thomas
Halliburton
Heavy Oil - Value Chain Enhancement
2- Kambiz A. Safinya
Schlumberger
Technology Challenges for Latin America
3- Peter Fontana
Weatheford
Heavy Oil - Production Challenges
Coffee Break
4- César Guerra
Baker Hughes
Heavy and Extra Heavy Oil - Worldwide
Reserves and Potencial Resources
5- Ricardo Beltrao
Petrobras
Technologies for Offshore Heavy Oil
Production
6- Lucio Carrillo
Perupetro
Heavy Oil: Fueling the Peruvian Future