Unconventional O&G Expertise
Unconventional O&G Expertise
Unconventional O&G Expertise
Well Oiled Management utilises full cycle expertise based on the historical development of known proven comparable reservoirs to effectively unlock unconventional gas reserves in Ukraine
Well Oiled Management utilises full cycle expertise based on the historical development of known proven comparable reservoirs to effectively unlock unconventional gas reserves in Ukraine
Learning from the past and applying it to the future!
Learning from the past and applying it to the future!
The TEAM that Escopeta Oil UA has put together – both in house as well as third party consulting and action groups – will be taking advantage of all that has been done in other unconventional systems.
And subsequently significantly reducing the time frame and learning curve that will be associated with Ukrainian unconventional shale reservoirs.
Learning curve speed-up
Learning curve speed-up
Learning curve speed-up
The development of unconventional shale reservoirs was a “bleeding edge” effort as industry shifted from well understood conventional reservoirs to the “new” shale reservoirs.
The development of unconventional shale reservoirs was a “bleeding edge” effort as industry shifted from well understood conventional reservoirs to the “new” shale reservoirs.
This process took time and the associated learning curve was gradual and jagged as to improvements and optimization. That will not be the case in the Ukraine.
This process took time and the associated learning curve was gradual and jagged as to improvements and optimization. That will not be the case in the Ukraine.
Illustration of stimulated rock volume evolution
Better frac's" = more stimulated rock volume (SRV) = more production per well (rate / total)
Better frac's" = more stimulated rock volume (SRV) = more production per well (rate / total)
2015
2023
2008
Learning from the past and applying to the future!
Learning from the past and applying to the future!
The TEAM that Well Oiled Management has put together – both in house as well as third party consulting and action groups – will be taking advantage of all that has been done in other unconventional systems.
The TEAM that Well Oiled Management has put together – both in house as well as third party consulting and action groups – will be taking advantage of all that has been done in other unconventional systems.
And subsequently significantly reducing the time frame and learning curve that will be associated with Ukrainian unconventional shale reservoirs.
And subsequently significantly reducing the time frame and learning curve that will be associated with Ukrainian unconventional shale reservoirs.
Illustration of stimulated rock volume evolution
Better frac's = more stimulated rock volume (SRV) = more production per well (rate / total)
2015
2015
2023
2023
2008
2008
From old soviet Ukrainian log - to modern US shale standard processed log
This expertise is rooted in petrophysical algorithms that are based on actual rock information. It allows us jointly with NuTech to most effectively evaluate any reservoir as to key parameters (including brittleness and frac barriers) and calculate a viable Gas in Place volume. All while using open hole logging information. Plus determine which proven shale plays are similar to their Ukrainian counterparts. The key to this approach is maximizing the understand of the shale reservoir so as to allow for optimum exploitation of Gas in Place reserves.
NuTech's NuLook Petrophysical solution
NuTech's NuLook Petrophysical solution
NuTech's NuLook Petrophysical solution
This expertise is rooted in petrophysical algorithms that are based on actual rock information. It allows us jointly with NuTech to most effectively evaluate any reservoir as to key parameters (including brittleness and frac barriers) and calculate a viable Gas in Place volume. All while using open hole logging information. Plus determine which proven shale plays are similar to their Ukrainian counterparts. The key to this approach is maximizing the understand of the shale reservoir so as to allow for optimum exploitation of Gas in Place reserves.
This expertise is rooted in petrophysical algorithms that are based on actual rock information. It allows us jointly with NuTech to most effectively evaluate any reservoir as to key parameters (including brittleness and frac barriers) and calculate a viable Gas in Place volume. All while using open hole logging information. Plus determine which proven shale plays are similar to their Ukrainian counterparts. The key to this approach is maximizing the understand of the shale reservoir so as to allow for optimum exploitation of Gas in Place reserves.
From old soviet Ukrainian log - to modern US shale standard processed log
Hydraulic fracturing evolution
US shale industry average values
2008/
2009
2010/
2011
2012/
2013
2014/
2016
2017/
2023
Lateral (ft)
4,000
5,500
6,000
7,000
10,000+
Pumped Sand (lb/ft)
500
800
1,000
1,800
3,000+
Lateral (ft)
4,000
5,500
6,000
7,000
10,000+
Pumped Sand (lb/ft)
500
800
1,000
1,800
3,000+
Evolution
(illustrative)
Hydraulic fracturing evolution
Hydraulic fracturing evolution
Hydraulic fracturing evolution
US shale industry average values
2008/
2009
2010/
2011
2012/
2013
2014/
2016
2017/
2023
Lateral (ft)
4,000
5,500
6,000
7,000
10,000+
Pumped Sand (lb/ft)
500
800
1,000
1,800
3,000+
Lateral (ft)
4,000
5,500
6,000
7,000
10,000+
Pumped Sand (lb/ft)
500
800
1,000
1,800
3,000+
Evolution
(illustrative)