2012 10 PetroJet Presentation

7/30/2019 2012 10 PetroJet Presentation

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Advanced Fluid Jet Systems

for

Increased Oil and Gas Production

REACH YOUR RESERVOIR POTENTIAL

PetroJet


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PetroJet placesdirectedpermeabilitychannels intoyour reservoir

PetroJetLaterals



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PetroJetLaterals

In existing vertical wells


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PetroJetLaterals


deviated or horizontal wells


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PetroJetLaterals


Customized lateral configurations tomeet your needs.

Precise lengths 100% Permeability

Oriented

Multiple Horizons


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Increase Production and Reserves

Increase drainage area

Direct permeability channels to where needed

Access bypassed pay

Add wellbore surface area

Bypass near wellbore damage

Decrease well drawdown

Reduce or avoid water or gas coning

Inject fluids directly to optimal locations

Benefits ofPetroJetLaterals



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Formations that cannot fracture unconsolidated sands oil sands fluid thief or leak-off zones

Concerns about undirected fractures nearby gas caps water zones

Concerns about injecting fluids into formation drill underbalanced (N2)

Fluid availability or disposal issues Uses less fluid volumes Fluids are cycled not injected Fluids can be re-used



ALTERNATIVE TO HYDRAULIC FRACTURING


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Alternative multi stage process

Extend reach of fractures Replace tortuous pathways with multiple

superhighways Retain hydraulic pressure for a longer distance

Direct fractures to desired location Orientated channels Initiate fractures 20-50m from main wellbore

Reduce potential for screen-outs



ENHANCEMENT TO HYDRAULIC FRACTURING


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Benefits ofPetroJetLaterals Pemex Study


Vertical Well - 365 Days

8 Laterals - 365 Days

Pressure Gradient

after 1 year for avertical well

vertical

wellwith 8

laterals


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Vertical5-70 bpd

4 Laterals15-140 bpd

8 Laterals35-200 bpd

Vertical 85,000 bbls4 Laterals 137,000 bbls (+61%)8 Laterals 167,000 bbls (+96%)

Benefits ofPetroJetLaterals Pemex Study


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Cost ofPetroJetLaterals

Cost

Effectiveness = Increased production and recovery

Perforations

Fracs

Multi StageFracs

Conventional

Horizontals

Horizontal+ Multi Stage Fracs

How are yourEconomics?

PetroJetMultilaterals



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Bechtal (1970s to early 1980s)

Petrolphysics (early 1980s to 2006) Research and Development Over 1,000 laterals in hundreds of wells

PetroJet (2007 to present) Refine and optimize Incorporate new and updated technology


PetroJetHistory
http://www.shell.ca/


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Texaco WyomingLabarge Field, 3 LateralsConventional Oil | Unconsolidated Sand1.1 1.6 (PRE), 6.4 (POST) 300-482%

Unocal - CaliforniaMidway Sunset Field, 8 LateralsHeavy Oil | Unconsolidated Sand3.18 (PRE), 7.15 (POST) 125%

LouisianaCaddo Pine Field, 4 LateralsConventional Oil | Sandstone0.3 (PRE), 0.95-1.9 (POST) 217-533%

Corpoven - VenezuelaBudare Field, 1 LateralsConventional Oil | Sandstone6.2 (PRE), 62 (POST) 900%

Pozo Rica - MexicoVarious Fields, 10 wells 20 Lateral ProjectConventional Oil | Sandstone and

LimestoneProject is yet to be completed

Crosco - CroatiaLupt Field, 17 LateralsConventional Oil | Very Hard Sandstonewith Chert stringers1.9 (PRE), 6.8 (POST) 228%

Various - CanadaFour fields, four wells , 84 LateralsConventional, Heavy Oil and Bitumen| Sandstone, Dolomite and ShaleVarious results

Chevron - CaliforniaTaft Field, 4 LateralsHeavy Oil | Unconsolidated Sand0.63 (PRE), 1.75 (POST) 178%

Williams CO WyomingPower Basin, 20 Laterals, 5 wellsDe watering | Coal Bed MethaneWater production increase 20-95%


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PetroJetHistorical Results

Type ofApplication GeographicLocation Type ofReservoir Rock Wellbore ExtenderStimulationPre-Stimulation

Production(m3/d)Post-Stimulation

Production(m3/d) Comments

ConventionalOil

LabargeField,

WyomingUnconsolidated

Sand3 laterals

1.1 - 1.6 2.2 - 3.2This was a depleted older well.Production was doubled and it wascited by the State of Wyoming ashaving the lowest decline in thestate for the year after stimulation.

ConventionalOil

Labarge

Field,Wyoming

UnconsolidatedSand

3 laterals1.1 - 1.6 6.4

This was a new well. The well

produced 4 times that of the offsetsand half the decline rate.

ConventionalOil

Caddo PineField,

Louisiana Sandstone 4 laterals 0.3 1.3 Average production 6 times that ofnearby vertical wells withoutlaterals. The decline rate inproduction was markedly reducedover adjacent wells.

ConventionalOil

Caddo PineField,

LouisianaSandstone 4 laterals

0.3 0.95 - 1.9

ConventionalOil

BudareField,

Venezuela Sandstone 1 lateral 6.2 62Test on a single well to evaluatethe effect of Laterals on the nearwellbore damage.


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PetroJetHistorical Results

Type ofApplication Geographic Location Type ofReservoir Rock

WellboreExtender

StimulationPre-

StimulationProduction

(m3/d)Post-

StimulationProduction

(m3/d) Comments

Heavy Oil

MidwaySunsetField,

CaliforniaSandstone 8 laterals

between 268mand 270m

3.18 7.15Results suggest that PetroJet

multilaterals from one vertical well maydo the job of five vertical wells.

Heavy OilBrea-

OlindaField,

California

UnconsolidatedSand

4 laterals9.5 15.9

The steam required per barrel ofproduction was 0.76 m3/day of steam perm3 of oil without laterals and 0.46 m3/dayof steam per m3 of oil with laterals.

(SOR reduction of 40% )

Heavy OilTaft Field,California

UnconsolidatedSand 4 laterals 0.63 1.75

Prior to placement of laterals this wellrequired a workover every 6 9months. In the 2 years after lateralplacement, the well did not sand up(plug) in that period.

ConventionalOil

Lupt Field,Croatia

Very HardSandstone w/

Chert Stringers17 laterals at

multiple depths1.9 6.8

In addition to the increase in oilproduction, which has had a negligibledecline in the first 4 years after thestimulation, there was also an increase ingas production from the well from 80m3/d to 552 m3/d.

De-wateringfor Coal Bed

Methane

PowderBasin,

Wyoming

Coal5 wells

average 4 x15m lateral perwell between

500m and 650m

Water production increased 20- 95%


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Wyoming Coal Bed Methane Dewatering 20 laterals, 5 wells, total 171 meters Increased dewatering by up to 95 %

Central Alberta Banff Carbonate Workover 10 meter lateral @ 1,750m depth

Fort McMurray Oil Sands Cap Rock 82 laterals from 1 well, total 591 meters Successfully completed remediation project


PetroJetRecent Projects


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The Problem


PetroJetCase: Cap Rock Remedial Project

Oil Sands

Shale

Glacial Till

Surface Casing

Lost Wellbore representinga possible cap rock breech

Five attempts toRe-enter lost wellbore


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The Proposal



Shale

Glacial Till

Surface Casing

Lost Wellbore representinga possible cap rock breech

New parallel wellbore

Array of 7 metre longPetroJet laterals

Oil Sands


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The Result



Shale

Glacial Till

Surface Casing

48 laterals placedin 14 days

Oil Sands

34 laterals placedin 3 days

300 m3 of cuttings removedfrom the rig tanks

Total 520+metres of

laterals placed


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Granite

Carbonate

Sandstone

~ 5 seconds

~ 15 seconds

~ 60 seconds

PetroJet drills any rock


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PetroJetvs. Carbonates


Cuttings from 1,750 metre Banff Dolostone (Carbonate)


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PetroJetvs. Carbonates


Core was


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Flexible Exit from vertical, deviated or horizontal well bores Openhole or cased Precise lengths Drills any reservoir lithology

CustomizableFluid Options (water, oil, N2, anti-accretion, etc) Predictable trajectories Precise lateral orientation and lengths Hole size Drilling power

Uses Standard Oilfield Equipment

PetroJetFlexible Platform



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PetroJet Competitor

Flowrate (m3/min)

0

500

1000

1500

2000

2500

PetroJet Competitor

Pump Horsepower

PetroJet vs. Other Radial Drillers

Larger

Pumps (2000 hp vs. ~250 hp) Flow rates (200+ gpm vs. ~10 gpm) Delivery system(2.875 tubing vs. hose) Power to the nozzle


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< 2% full power1500 psi @ 30 gpmHp= (psi)(gpm)/1714

PetroJet vs. Competitors


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PetroJetLateralsA Environmental Choice

REDUCE CHEMICALS


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Reduce Fluids - water Chemicals Proppants not required More efficient thermal injection = Less energy & CO2

Re-use Existing vertical wells

Recycle Fluids are recycled and re-used.


PetroJetLateralsAn Environmental Choice


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Connect

MeasureManipulate

PetroJetLaterals

Think Outside the Wellbore


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Industry Leader in Radial Drilling

Successful History

Flexible and Customizable

The power to get the job done

Why PetroJet?


Documents

2012 10 PetroJet Presentation