[PRESENTER] Oil has been used for over 6,000 years and currently makes up 40 percent of our global

energy consumption.

[PRESENTER] Over the past 150 years, oil companies have drilled more than 2 million wells around the world.

[PRESENTER] Locating oil and natural gas is what is called the upstream part of the process.

[PRESENTER] Oil companies have developed a range of technologies to help them locate reservoirs deep beneath the earth's surface.

[PRESENTER] But the search remains a complex business.

[PRESENTER] Success is never certain.

[PRESENTER] The most powerful tool available in the upstream process is the acoustic survey.

[PRESENTER] Geophysicists use air guns to fire acoustic pulses down through the rock.

[PRESENTER] The sound waves bounce back like echoes, revealing different layers and depths.

[PRESENTER] This data gives experts the information they need to map reservoirs and identify whether they're filled with oil, gas or merely water

.[PRESENTER] Anyone who has seen a 3D film can imagine what the next stage in the exploration process is like.

[PRESENTER] In a special room called a Highly Immersive Visual Environment, or HIVE, geologists, geophysicists, computer scientists and drilling engineers come together to observe the seismic data in four dimensions.

[PRESENTER] On a large, curved screen, three projectors display sophisticated renderings of the reservoir's oil and gas deposits, the surrounding rock structures and the earth or sea above it.

[PRESENTER] These projections help to more accurately plan the next step: drilling into the soil and rock to find out for certain whether oil and gas is actually there.

[PRESENTER] When all the risks have been assessed, environmental studies have been carried out and the data has been compiled into workable maps of the exploration site, it's time to send in the drilling crew.

[PRESENTER] During this stage, before any drilling begins on land, access roads and a temporary power station must be built, along with a drinkable water source for workers.

[PRESENTER] In a fragile habitat, or very remote places, helicopters or barges may be the only way to bring in equipment and supplies.

[PRESENTER] After establishing that there are large quantities of oil at a drilling location, the site is then classified as a field, and the next step is to plan and build a production facility.

[PRESENTER] In its raw form, crude oil is practically useless.

[PRESENTER] Before it has any real value, it must be processed.

[PRESENTER] This is the downstream part of the process, and the products that result from it touch almost every aspect of our life: automotive fuels, liquefied petroleum gas (LPG), kerosene, heavy fuel oils, bitumen and waxes.

[PRESENTER] Oil has played an important role in the development of human civilization over the last 150 years.

[PRESENTER] As we move towards a greener, less fossil fuel-reliant world, it will be interesting to see how the industry adapts

Initially I'd like to say thank you for your advices. I'll keep all staff aware of about all points. The most important, in my opinion, is to keep all workers in safely, so I'll check personally if all hires is wearing protective gear at all the time and if the experienced staffs is helping the new employees. I'll be careful about rat holes discovered and I'll pay attention in wind direction. I'll try to keep adequate lighting in all rig. I'll talk to employees about the necessity to dont get distract the derrick hands while operating the drill bit. I I'll be careful about rat holes discovered and I'll pay attention in wind direction. I'll try to keep adequate lighting in all rig. I'll talk to employees about the necessity to dont get distract the derrick hands while operating the drill bit.

I hope I don't disappoint you while we rigging up on the new rig. Best regards,

We have been given green light to rig up. - Safety is a priority. - The substructure is in position, but the engines need aimed away from the rig floor so the exhaust has a chance to vent. - Workers on the rig must wear protective gear at all times. - Derrick hands must not get distracted while operating the drill bit. - Be careful of wind direction.

- Cover up rat holes. - Make sure there is adequate lighting. - Report any damaged equipment to the toolpusher. - Experienced staff must watch out for new hires. - Lets make sure there are no mistakes.

Title A Preliminary Assessment of Oil and Gas Resources in the Cotton Valley Field. Introduction

Formatted: English (U.S.)

The purpose of this report is to provide a preliminary assessment of the oil and gas resources in the newly opened Carlos Fields. The summary information in this report gives what we believe is a reasonable initial overview of each of the different commodities present, although the amount and quality of data for each commodity varies.

Formatted: English (U.S.)

Findings Forty-seven wildcat wells have been drilled within the field. Petroleum shows have been found in Triassic, Permian, Devonian, and Cambrian age rocks. These shows were in the form of petroleum recovered from drill-stem or production tests in wells and live oil stains in drilling cuttings. Sixty-three percent of the wells drilled in the plateau tested only the Permian section. Just five wells tested the Mississippian and Devonian sections, and only three penetrated the Precambrian. Our survey indicates that the field contains all the elements necessary for major oil and gas accumulations: source rocks, reservoirs, and trapping mechanisms. Commercial deposits of oil have been discovered both within and along the margins of the region. Although the characteristics of the field are favorable for the accumulation of oil and gas, wildcat density is extremely sparse. Although the exploration risk is high, the monument could contain major accumulations of oil based on the production history of the field and geologic evidence. Conclusion In summary, we estimate the ultimate recovery from Cotton Valley Field at about 21 million barrels of oil. With tertiary recovery techniques and new technological advances in enhanced oil recovery, the Cotton Valley Field should exceed the estimated amount of oil. However, the evaluation of potential petroleum resources presented in this report is based on a limited amount of information. Recommendations In our view, it is crucial that a detailed, combined geologic-engineering evaluation be conducted of the oil, gas and coal resources in the area. This would require us to acquire new seismic data, compile existing data, produce detailed structural contour maps for each potential reservoir, model the basic source rock parameters, and calculate petroleum volumetrics for each of the potential rocks.

The first step is ok. The petroleum is founded. However, more tests must be The first step is OK: the petroleum has been found. However, more survey should be done to discover which the real potential of the field. The first suggestions tell us that the estimate is about 21 million barrels of oil. Intensify the surveys to obtain more data about the field and keep analyzing the data already obtained.

A preliminary assessment of the potential for oil extraction in the Alberta oil fields. My purpose with this report is to provide a preliminary assessment of the Alberta oil fields. In my visit there, I paid attention in some information: 1- There is a lot of bitumen in Albertas oil sands. 2- Estimated operating costs: $6 to $14 per barrel of bitumen, an increase over 57%, and from $18 to $22 per barrel for synthetic crude, an increase over 18%. 3- Estimated supply costs: $14 to $24 per barrel for bitumen and from $36 to$40 per synthetic crude. The expectation of increase is over 71% and 11% in relation to the old prices of the bitumen and the synthetic crude, respectively. 4- The growth of oil supply is about 3,9 million barrels per day by 2015 Conclusion: Developments in traditional markets will occur. In this scenario, an expansion of the additional market or new markets will be coming.

Recommendation: Intensify the surveys to obtain more data about the fields and keep analyzing the data already obtained. Improve sales and reduce of operating costs. Perhaps hiring new employees may be necessary for an increase in production, in this case, prioritize the hiring of skilled labor, if necessary. Monitor a price of crude oil in the market.

The estimated operating costs range from $6 to $14 per barrel for bitumen and $18 to $22 per barrel for synthetic crude oil. The estimated supply costs ranges from $14 to $24 per barrel for bitumen and from $36 to $40 per barrel for synthetic crude oil. Total oil supply from western Canada is expected to grow to 3.9 million barrels per day by 2015. Conclusion In conclusion, in the short-term, expansions in traditional oil markets will occur and, in the longer term, additional market expansion or new markets will be required.

Recommendations One thing to factor in is the relative scarcity of skilled workforce. However, before this is even considered, more data needs to be acquired and more testing needs done. The price of crude oil and other oil products should be monitored during this time in order to assess the viability and cost-effectiveness of beginning drilling