Abstract
With three major Australian coal seam gas (CSG) to liquefied natural gas export projects in operation phase, there is a need to identify new investment opportunities to maintain the required production and satisfy customer supply agreements. Considering the current global conditions of low commodity prices and the reduced availability of capital, both accuracy of data and efficient front-end decision making are essential. This paper proposes that well-defined front-end data processes and innovative data management technology can empower organisations to identify the value, and quantify the risks, of various development scenarios in a reduced time frame. Arrow Energy’s combined Surat and Bowen gas projects contain thousands of CSG wells currently being considered for further development. This can require the generation of countless technical and commercial scenarios. The challenge was to reduce the turnaround time in running these scenarios and improve accuracy while providing seamless handover and traceability of data. A new approach to data was required. By using global expertise in unconventional gas development projects, a data-centric development planning methodology was implemented. Industry best-practice geospatial tools were developed to introduce a new standard in well field layout scenarios, representing significant cost and schedule savings while improving risk identification and mitigation. This paper outlines a shift from the traditional ‘disposable data’ mentality of front-end development to the creation of ‘live’ datasets that continuously mature to assess and develop CSG projects. It also identifies the significant advantages across the Australian oil and gas industry of implementing basic data management and using new technology to its full extent.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
