Johan Sverdrup: Don’t Decline

Equinor is deploying three world-class technologies to mitigate Johan Sverdrup’s decline rates, based on reviewing c115 of the company’s patents and dozens of technical papers. This 15-page note outlines how its efforts may unlock an incremental $3-5bn of value from the field, as production surprises to the upside.

Johan Sverdrup: Economic Model

We have modelled the economics of Equinor’s Johan Sverdrup oilfield, using public disclosures and own estimates. Our model spans >250 lines of inputs and outputs, so you can flex key assumptions, such as oil prices, gas prices, production profiles and costs. In particular, we have tested the impact of different decline rates and recovery factors on the field’s ultimate value.

Deploying the Digital Twin

This data-file tabulates 36 recent technical papers into “digital twins”, in order to understand how the technology is being deployed around the upstream oil and gas industry.

The data show the most common uses of digital twins, the most common context, the timing of the technology’s ascent and the companies who feature most prevalently in the technical literature.

Inflow Control: Our Top 20 Papers from 2019

This data-file summarises twenty recent papers using inflow control devices: an exciting digital technology to optimise horizontal wells by limiting production from zones that are susceptible to flowing water or gas.

To lower global decline-rates, adoption is increasingly widespread at horizontal wells around the conventional oil industry. Described operators include Aker-BP, CNOOC, Equinor, KOC, Lukoil, Mubadala, OMV, PetroChina, Rosneft, Aramco, Schlumberger, Suncor and pure-play Tendeka.

Each paper is categorized by company, by country, specific fields (if relevant), paper-type, focus, well-type, ICD-type, our assessed “impact” and a short summary.

Our “Top 10 facts” on ICDs are also summarised in the data-file…

Copyright: Thunder Said Energy, 2022.