Early Engagement Collaboration to Evaluate Business Opportunities in Crude Trading Industry

Autor: Christian Alan Ramirez Lopez, Adelfo Torres Montiel
Rok vydání: 2020
Předmět:
Zdroj: Day 2 Tue, July 28, 2020.
DOI: 10.2118/199066-ms
Popis: The objective of this paper is to present a comprehensive methodology to perform an initial evaluation of market size and potential value of a new hydrocarbon's transportation and commercialization network in Mexico. The methodology is based in an integrated multi-domain evaluation from geoscience and reservoir engineering to facilities design and economics; covering four main aspects: 1) Confirmation of reserves and estimated resources, 2)Generation of production forecasts, 3) Pipeline network design for two sales terminals and 4) design plot of sales terminals with processing facilities to handle expected production. The four aspects are supported by an economic evaluation with multiple tariff scenarios for varied break-even and profitability targets. The initial confirmation of reserves and resources for more than 70 fields spanning greenfields and brownfields alongside with exploration areas yielded the basis for the analysis which was supported on statistical analysis of analogue fields combined with a geological interpretation of the target basins. Production forecasts from multiple scenarios grouped by region and nationwide confirmed expected production input into the newly proposed transportation network which was compared against forecast from some of the operators with a reasonable match. Pipeline network design for heavy and light crude with flow assurance considerations provided the pipelines diameters and length to consider for the economic case and the inlet pressure for two terminals. Finally, the design plot of the facilities required at the terminals allowed to size land and infrastructure requirements at a pre-Front End Engineering Design (FEED) level. The economics showed feasibility of the production input scenarios at different tariff for the trading company considering the initial investments required to build the new transportation and commercialization network. A novel integrated engineering solution combining domain expertise with processing and facilities design covering reserves and resources confirmation for more than 70 fields, production forecasts for all fields and aggregated to regional level, general assessment on infrastructure required to build a new transportation network and finally the infrastructure pre-design for two processing and commercialization terminals.
Databáze: OpenAIRE