350 executives take part in unconventional gas event
Muscat, February 5, 2014
More than 350 senior decision makers at global players in the unconventional gas arena converged in Oman to discuss key issues.
The inaugural International Unconventional Gas Conference and Exhibtion (IUGCE) focused on drilling operations, human capital development, gas supply and purchase contracts, economics of unconventional resources, well stimulation and new technologies.
‘Unconventional gas’ refers to gas reserve types such as tight gas and shale gas which require much more advanced technologies and expertise to exploit.
The event is being held under the over-riding theme: “Unconventional Gas Reserves: Challenges and Opportunities for Sustainable Development.”
Salim bin Nasser Al Aufi, Undersecretary for Oman’s Ministry of Oil and Gas, emphasized the urgency of exploring unconventional solutions.
“Locally we have seen many suppliers knocking on our doors, promising to expand their facilities to meet local demand. They are at approximately 75 per cent of their capacity, so any extra drop of gas will be more than welcomed by them. Therefore we have little choice but to venture into unconventional territory.
“The signature of unconventional gas is that it depletes very quickly. This demands more wells and more advanced technology, which translates into more expensive gas. Hence to make it commercially viable, we need to formulate a very efficient and integrated approach on all fronts: from the surface to sub-surface, and from the exploration to the development side.”
“Although forecasts predict a dip in gas demand between 2020 and 2025, I personally don’t believe that dip will happen. I believe the world will continue to demand more gas, pushing us to venture into more difficult places: whether higher temperatures, higher pressure, greater depth or other challenges,” he added.
The conference also featured panel discussions which included topics such as “Tight Reservoir Microseismic Hydraulic Fracture Monitoring in Extreme Conditions - Examples from Oman”; “Unconventional Technology: The difference between successful and unsuccessful application”; and “Innovative Fracturing approach for Tight Deep Gas Reservoir in Central Oman.” - TradeArabia News Service