The University of Trinidad and Tobago together with the Energy Chamber of Trinidad and Tobago cordially invite you to our symposium: “Enhancing Oil and Gas Production in Trinidad and Tobago” scheduled for Thursday, April 13, 2017 from 8:30am to 12:00pm at the Auditorium, UTT Point Lisas Campus. This symposium recognizes the importance of resuscitating our energy sector because if this sector doesn’t revive, other sectors will be severely impacted.
The global average recovery factor for a typical oilfield is approximately 40%. This results in a large amount of identified oil left behind despite an existing production infrastructure. The need to improve the recovery factor and the accelerating of the associated production is the main driver behind the many EOR schemes in practice around the world. There is possibly of another economy for us in our heavy oil reserves. Heavy oil reserves have been published to be around 1.5 billion barrels onshore and 3.6 billion barrels offshore Trinidad. Applying EOR mechanisms with just a 20% recovery rate, we can produce just over one billion barrels of oil; i.e. a comparable amount that was produced by us over the last 100 years.
With our decline in production, moving from a peak production of 230,000 barrels in 1978 to just under 70, 000 barrels to date, (i.e. a 69.6% decrease in oil production) in Trinidad and Tobago (T&T) Enhanced Oil Recovery (EOR) is a low hanging fruit and a promising option for T&T. Different types of EOR including steam, water, polymer and CO2 floods have all been tried in a number of fields which include Central Los Bajos, Palo Seco, Parrylands and Fyzabad to name a few. Some with great success stories and others that need re-evaluation and/or optimization.
The symposium will also address the current challenges facing the National Gas Industry in Trinidad and Tobago. Natural Gas production has declined from 4.3 billion cubic feet per day in 2010 per day to a current level of 3.2 billion cubic feet per day. Strategies to reverse this decline will also be explored.
At this symposium we hope to map out a way forward to expand the Enhanced Oil Recovery project in T&T and explore strategies to reverse our decline in gas production.
Date: April 13th, 2017
Venue: Energy Campus, University of Trinidad and Tobago
Cost: Free (but you must register, using the online form below)