Consumer-to-onsumer Adelaide: Exploring for Oil and Natural Gas - Research Paper Example

Project Proposal Prepared by Submitted to Word count Introduction C2C Adelaide will provide information for the petroleum companiesthat I better usually. It can help the companies to decide about drilling or not. The company works on decision science to analyse the information. The company with its reservoir fluids lab will decide on the probability of finding the oil and gas. C2C decides the range of risk and pay off proposition. It can image and analyse the picture of seismic imaging about the underground geography. The company's expertise is in finding the presence of oil and gas. The company can image reservoirs to predict the possibility of detecting the presence of oil. The company's seismic services can be an asset to the firms that receive the services of the firm. As drilling oil is a high risk and pay off proposition. This requires expertise in finding the oil and thus can reduce the problems regarding unnecessary extra spending on drilling and exploration. The company is expert in analyzing the oil, gas and water. This gives good idea about drilling. The information and analysis of the data of a particular place will decide the company to drill or not for fuel. The services of the company will be good for the oil firms that use the seismic services and the analysis of the oil and gas. The company's analysis include the combining of geologic information and flow simulation techniques with advanced computing. This will increase oil recovery in mature oil fields. The three resources; mature or partially depleted reservoirs, geologically complex formations and ultra deep water reservioirs are the sources of the oil at present. The engineers of C2C can identify the location and distribution of the un swept or bypassed oil and untapped compartments. High resolution fluid flow modeling and seismic imaging techniques will be used by the company for data assimilation and can determine the place of drill and finding out unswept oil. (Gene Charleton et al, 2007)1 2. Plan WBS: work of Alexir can mainly divide into three parts; Explaining to the visiting team about activities of the company, making them to meet the staff of the company, making them to meet any of the three customers of the company of their choice the schedule can be as follows: May 21st: Arrival of the Chevron team May 22nd: Meeting external affairs director Alexir and his staff to discuss the visit and the agenda of the vist. May 22nd after lunch: Preparation of the list of the customers to visit and the reasons to visit them. The schedule to meet the experts in the company to know about the service they offer. May23rd before lunch: Meeting the customer service staff and asking about the customer care methods they are following and extra care they offer if the chevron outsource work for C2C. May 23rd after lunch: Meeting the administrative staff working under Lee. The administration of the company is crucial for any customer who offers work on a large scale. The administration will stream line the whole processes and is responsible for the timely delivery of the assignments. May24th before lunch: meeting the accounting staff to know about the accounting standards of the company. As from 2005 many global companies are adopting international standards of accounting for more transparency, the meeting with the accounting department is also needed. May 24th after lunch: Meeting the staff in the department of integrated PVT Field studies. May 25th to end of the visit: meeting any three customers of the company and deciding about the work that can be entitled to the company. 3. Current Situation of Chevron and C2C can Offer Chevron is a global enterprise that offers competitive products across all energy sectors. The company brings together the values, talent and commitment in developing energy sources world wide. The C2C can help the company in exploring new sources of oil and gas with relatively less expenditure than in the past due to the exact analysis and detection of the fuel sources underground. As the Chevron is keen about cost effectiveness to improve its financial and operational performance, it requires to decrease the cost on exploration and detection of the sources. This can be possible by analysing the seismic data available on the proposed place as the C2C is expert in doing that. The cost effectiveness of any oil company will depend upon the raw material it finds from its sources. By analysing the oil, gas and water at a particular place C2C can decide the standard of the production facilities to be established and the amount of the oil and gas available at a particular place suggested by Chevron. The oil companies now a days are keen about environmental protection activities. The analysis of the company should result in minimum expense for the chevron to meet the environmental protection measures set by the administrations. As Chevron is an international company C2C can offer its services any where in the world by establishing a off shore lab within a short notice. This helps our client to conduct exploration operations all over world and C2C is ready to deliver anywhere in the world. (Chevron, 2007) 2 4. Solution Objective: The problem of the Chevron company is exploring cost effectively. The cost effectiveness depends on exploring the right oil source and making the drilling there. This involves selecting some places of exploration and again choosing a few best places to drill depending on the availability of the oil and gas. The company has to set up the production and refining facilities depending on the nature of the fuel and amount of it present at a particular place. C2C can do bottom hole and separator sampling for estimating the near accurate oil gas ratio measurement. This will enable the company to decide the nature of the set of the production facility. If the will is able to produce more oil, the company can be prepared for oil refineary and vice versa if it is gas. The company uses a single phase bottom hole sampling tool with nitrogen accumulator to compensate the pressure from the during the tool retrieval. The tool can work at 15,000 psi. Using this tool the C2C's experts can decide about the loss of solution gas due to draw down as the oil flows into the wellbore. (Pencor, 2007) 3 Benefits: This enables the client to estimate the productivity of the future. Objective: C2C is also offering the specialised compositional analysis of oil samples to Santos Limited and this can be utilised by Chevron also. The C2C can analyse the most difficult or intractable materials. It follows innovative abrasion sampling techniques. The dissolution can be done before analysis. The microwave digestion, acid fusion, carbonate fusion are available with specialist elemental services like spectrometric techniques. With the above techniquies C2C can analyse the oil and gas and their composition. This decides the quality of the product they the client can extract from the source of the oil or gas. The wet chemical techniques that include colourimetry, titrimetry and electrometric methods are also followed by the company. These are based on chromatographic or extraction procedures. (Intertek, 2007) 4 Benefits: the client can estimate the quality of the raw material available from the source. 5. Risk Assessment The risk assessment of the project offered by C2C can avoid the probable risk involved in the projects taken from the client. The identified risks can be as follows: 1. the places selected by the company to explore the oil may be the moderate oil sources and there may be more oil and gas rich resources can be present in other parts of the world. 2. The search of the rich oil sources may be difficult to a company like chevron as the sources of that type are decreasing in the time being. Measures taken to avoid: the risk of selecting a wrong source can be minimised by selecting the place by seismic analysis of the place. This compels the client to enable the C2C to select the place of exploration. The client can rely on C2C on selection of a places for exploration as the company is expert in seismic imaging and can select the right place rich with oil and gas by analysing the seismic data supplied by the administrations of that place. The provision of the seismic data of the places suggested by C2C will rest with the Chevron. 6. Conclusions C2C is ready to offer its services for Chevron to enable the one of the largest oil and gas producer of oil to increase its cost effectiveness in the exploration and production. The methods and the risks involved in them are explained and the potential risks need to be identified. This depends on selecting the places of exploration by the company. C2C can offer its services in the places selected by its client and the products supplied by it. To minimise the risks, the clients can give the responsibility of selecting place to explore the oil and gas. The services of C2C to Chevron will enable the company to estimate the quality and quantity of the products it can produce and thus making it to decide on the capacity of the production and transportation facilities to be established. References: 1. Gene Charleton et al, 2007, to drill or not to drill, Texas A&M Engineering, ,electronic, 7-6-07, http://engineer.tamu.edu/research/magazine/2006/todrill/ 2. Chevron, 2007, About Chevron, Chevron.com, ,electronic, 7-6-07, http://www.chevron.com/about/company_profile/ 3. Pencor, 2007, Bottom hole sampling and analysis, core lab, ,electronic, 7-6-07, http://www.corelab.com/Pencor/BottomHole/BottomHole.asp 4. Intertek, 2007, Specialist Elemental Analysis Services, Intertek, ,electronic, 7-6-07, http://www.intertek-cb.com/section_03/s03a/Elemental%20Analysis.pdf 5. Neeri, 2007, Environmental Impact & Risk Assessment and Environmental Audit, Neeri, ,electronic, 7-6-07, http://www.neeri.nic.in/EIA.html Read More