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PG: North Sea – next life?

Date:
08 November 2016
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Event type:
Lecture, Specialist Group
Organised by:
1. Geological Society Events, 2016 Year of Water, Petroleum Group, Petroleum Exploration Society of Great Britain (PESGB)
Venue:
The Copthorne Hotel, Aberdeen
Accessibility:
Event status:
EVENT CLOSED

In 2015 the North Sea petroleum province became 50 years old.  The celebrations were short lived because oil prices and gas prices were in free fall and the demand from the UK market for petroleum has long outstripped the North Sea’s ability to deliver sufficient volumes of both oil and gas.  

In 2005 the UK began to import petroleum and since then supply from the UKCS had continued to dwindle. Coupled with the falling value of petroleum and with falling production, costs have increased and thus many fields have become unprofitable. Companies are closing down and fields ceasing production with in many instances >50% of the oil still in the ground.

In an effort to avert the developing crisis, this work examines what options exist for better utilising the North Sea industry; be that monetizing co-produced fluids (water and gases) or using the pore space once occupied by petroleum for waste products such as carbon dioxide.  

We briefly examine the possibility of utilising heat from the co-produced fluids for power generation; extracting gases and ores from co-produced fluids and evaluation of the role carbon dioxide could play in enhanced oil and gas recovery as well as its ultimate long-term storage in geological deep storage.

Speaker 

Prof Jon Gluyas, Durham University  

Venue

The Copthorne Hotel
122 Huntly Street
Aberdeen
AB10 1SU

Further information

More information can be found on the PESGB website.

Geolsoc Contact

Sarah Woodcock

Geological Society of London
Burlington House
Piccadilly, London
United Kingdom
W1J 0BG