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SHALE OIL: Exploration and Development

SHALE OIL: Exploration and DevelopmentPresented By: Justin Brady, Laura Kerr, Mike PottsSenior Capstone Project Spring 2006 Current Energy Crisis World s main source of energy: Petroleum Demand exceeding supply April 17, 2006: Oil reaches $70/barrel Opportunity to develop alternate energy sources Large economic incentiveWhy SHALE Oil? Currently, United Arab Emirates hold 50% of world s known oil reservesHow much does the US hold?2%How many reserves would be added from developing oil SHALE ?2 TRILLION BARRELS Result:US takes over as leader in the world in oil Introduction to SHALE Oil Project Statement Subsurface Operations Reservoir Temperature Profiles Heating Freeze Walls Reservoir Composition Analysis Surface Facilities Oil/Gas Processing Power Plant Pipelines to Market Production Schedule Economics and RiskShale Oil: Definition Sedimentary rock with a high organic content Organic matter is known as kerogen Kerogen: Approximate formulaC200H300SN5O1111.

SHALE OIL: Exploration and Development Presented By: Justin Brady, Laura Kerr, Mike Potts Senior Capstone Project Spring 2006

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  Development, Exploration, Shale, Shale oil, Exploration and development

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