SecOp Presentation

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SecOp Petroleum International, Inc.

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SecOp Presentation

  1. 1. Second Opinion Petroleum AN OVERVIEW
  2. 2. Second Opinion Petrol Ltd. & SecOp International, Inc. & SecOp Petroleum International, Inc. INTERNATIONAL ADDRESSES: TURKEY – ANKARA : Büklüm Sokak 14/4 K. Dere 06660 ANKARA-TURKEY Tel.: +90-312-425 88 35 Fax: +90-312-417 27 63 e-mail: [email_address] TURKEY – ISTANBUL : Büyükdere Cad. Oya Sok. 2/1 K.5 D.9 34349 Gayrettepe ISTANBUL-TURKEY Tel.: +90-212-356 01 25 Fax: +90-212-356 01 27 e-mail: [email_address] & kaan@secop.net
  3. 3. AZERBAIJAN – BAKU : Yasamal Rayonu, I.Gutgasenli Kucesi, Ev 4, Menzil 82 Index:AZ1006 BAKU-AZERBAIJAN Tel. & Fax: +99-412-510 01 08 AZERBAIJAN – BAKU : Istiqlaliyyat 49, men. 45 BAKU-AZERBAIJAN Tel.: +99-412-492 32 63; 497 24 67 Fax: 497 24 68 e-mail: baku_office@secop.net
  4. 4. IRAQ – BAGHDAD : Al Karadah, Hay Babil Sect., (929), St. (18) No (27) Al Samak Bldng. BAGHDAD-IRAQ Tel.: +96-41-776 11 17 IRAQ – BASRAH : 14th July St. Sect.301, St.21, No.4 BASRAH-IRAQ Tel.: +96-440-614 399 ______________________________________________________ URL: http://www.secop.net WAP: http://tagtag.com/secop
  5. 5. An Overview SecOp International, INC offers consultancy and oilfield services with its experienced international team and rich data-base covering petroleum basins of the world. SecOp is based in Ankara and Istanbul, Turkey and Baku, Azerbaijan. Our offices are strategically located for their proximity to areas of current interest and activity in the petroleum E&P industry (Caspian and Middle East).
  6. 6. SecOp’s Major Activities <ul><li>Locating, </li></ul><ul><li>Acquisition, </li></ul><ul><li>Technical and Economic Evaluation, </li></ul><ul><li>Field Inventory Work, </li></ul><ul><li>Oilfield management database, </li></ul><ul><li>Rehabilitation of oil and gas fields, </li></ul><ul><li>Reservoir geology and engineering applications, </li></ul><ul><li>Oil and gas production, </li></ul><ul><li>Oil and gas field surface and subsurface equipment including drilling and workover rigs, chemicals and turnkey project implementation. </li></ul>
  7. 7. SecOp’s Oil and Gas Field Evaluations Involve <ul><li>Economics & feasibility studies with SecOp’s custom-made software, </li></ul><ul><li>Oilfield management & database with SecOp’s custom-made software, </li></ul><ul><li>Geology and Geophysics, </li></ul><ul><li>Reservoir & Production Geology & Engineering – modelling & field implementation, </li></ul><ul><li>Rehabilitation, </li></ul><ul><li>Production. </li></ul>
  8. 8. SecOp International, Inc. is curently actively involved in several projects in Azerbaijan
  9. 10. FOUNDER AND PRESIDENT : Dr. L. Tufan ERDOGAN : Geological and Petroleum Engineer. Turkish and Belgian citizen COMPANY DIRECTOR: Fadhel A. OTHMAN : Chemical Engineer. Iraqi citizen Senior Production & Reservoir Engineer : Turkish nationality. Specialized in commercial production & reservoir softwares, field management, waterflood & production operations. 14 years of experience with western companies. Proficient in English & Russian. Production & Workover Engineer : Turkish nationality. Specialized in commercial production softwares, field management, workover & production operations. 12 years of experience with state & western companies. Proficient in English. THE TEAM TECHNICAL PERSONNEL COUNT
  10. 11. Data Base Expert (geologist) : Turkish nationality. Specialized in commercial geological softwares and creating data base programs. 34 years of experience with state and western companies. Proficient in English. Production Engineer : Azerbaijani nationality. Specialized in production softwares and data base. 13 years of experience in state companies. Proficient in Turkish, English and Russian. Production Engineer : Azerbaijani nationality. Specialized in production operations and commercial production softwares. 5 years of experience in state companies. Proficient in Turkish, English and Russian. Workover and Field Inventory Engineer : Azerbaijani nationality. Specialized in workover operations and field inventories. 12 years of experience in western onshore and offshore companies. Proficient in Turkish and Russian.
  11. 12. Senior Geologist : Azerbaijani nationality. Specialized in commercial geological softwares and development/production geology. 20 years of experience with state and western companies. Proficient in Turkish, English and Russian. Senior Geologist : Azerbaijani nationality. Specialized in commercial geological softwares and development/production geology. 30 years of experience with state and western companies. Proficient in Turkish, English and Russian. Senior Subsurface Geologist : Turkish nationality. Specialized in structural geology and stratigraphy. 33 years of experience in Southeast Turkish oilfields with state oil company. Reservoir Geologist : Turkish nationality. Specialized in reservoir and quantitative basin modelling. Over 20 years of experience in Southeast Turkey with state oil company. Proficient in English.
  12. 13. Senior Reservoir Engineer : Azerbaijani nationality. Specialized in reservoir evaluation, modeling and commercial reservoir and production softwares. 28 years of experience with state, Russian and western companies. Proficient in Turkish, English and Russian. Reservoir Engineer : Azerbaijani nationality. Specialized in reservoir evaluation, and commercial reservoir and production softwares. 22 years of experience with state and western companies. Proficient in Turkish, English and Russian. Petrophysicist : Azerbaijani nationality. Specialized in petrophysics and commercial geological and petrophysical softwares. 22 years of experience in state and western companies. Proficient in Turkish, English and Russian.
  13. 14. Log-Analyst : Azerbaijani nationality. S pecialized in log analysis. 9 years of experience in state companies. Proficient in Turkish and Russian. Senior Geophysical engineer : Turkish nationality. Specialized in seismic operations and seismic interpretation techniques. 35 years of experience in southeast Turkey with state and private oil companies. Can organize and lead a full team of field geophysicists. Geophysical engineer : Turkish nationality. Specialized in seismic operations and seismic interpretation softwares. 30 years of experience with state and western companies. Proficient in English. Geophysicist : Turkish nationality. 35 years of experience in seismic processing and interpretation. Proficient in English.
  14. 15. What can SecOp do for you?
  15. 16. 1. SEISMIC FIELD WORK, PROCESSING & INTERPRETATION : SecOp incorporates its own highly experienced staff and internationally recognized affiliates/contractors in 2D/3D seismic interpretation to further enhance its ability to propose actual drilling locations.
  16. 17. <ul><li>2. GEOLOGICAL & RESERVOIR MODELING: </li></ul><ul><li>SecOp is proud of its reservoir services it provides in Kazakhstan and Azerbaijan for the last 10 years. Our studies include: </li></ul><ul><li>Reservoir and Production Geology </li></ul><ul><li>Preparation of key maps on main producing horizons (structure, net pay, porosity, etc) </li></ul><ul><li>Calculation of initial stock tank oil originally in place (“STOOIP”), comparison with cumulative production, estimation of remaining reserves in place </li></ul>
  17. 18. <ul><li>Calculation of remaining recoverable reserves based on drilling of new vertical and horizontal wells (if applicable): </li></ul><ul><ul><ul><ul><ul><li>* natural depletion; </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>* enhanced oil recovery (“EOR”) via water injection; </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>* other EOR (if applicable); </li></ul></ul></ul></ul></ul><ul><li>Reservoir Simulation </li></ul><ul><li>Rehabilitation and Development Planning </li></ul><ul><li>Injection planning </li></ul><ul><li>EOR planning </li></ul><ul><li>Production planning </li></ul>
  18. 19. <ul><li>SecOp utilizes state-of-the-art and most current software for reservoir simulation studies and a very experienced group of engineers to interpret and document the results. </li></ul><ul><li>Reservoir modeling and simulation study is built using up-to-date commercial software for the oil/gas field. In such a study : </li></ul><ul><ul><li>Geological model of the reservoir is constructed. </li></ul></ul><ul><ul><li>Reservoir characterization is described and total geologic description of the reservoir is integrated with reservoir fluid flow data, reservoir production history and reservoir performance predictions to provide information required to plan effective depletion of the reservoir. </li></ul></ul><ul><ul><li>Well Productivity and Nodal Analysis are prepared. </li></ul></ul>
  19. 20. <ul><li>This simulation study is extended with different scenarios : </li></ul><ul><li>1) In existing conditions (No Flooding & No additional well): </li></ul><ul><ul><li>Calculation of original oil in place; </li></ul></ul><ul><ul><li>Calculation of reserve category for each productive series </li></ul></ul>2) With Waterflood or Gasflood 3) With new infill wells
  20. 21. <ul><li>3. PRODUCTION PLANNING: </li></ul><ul><ul><li>Well inflow performance for each well </li></ul></ul><ul><ul><li>Predictions of the future well performance will be determined by using simulation, decline curve, nodal analysis as well as the experienced data (production learning curve). </li></ul></ul>
  21. 22. <ul><li>Optimization of the wells by : </li></ul><ul><ul><li>* selecting the suitable artificial lift method in order to extend pump life, reduce equipment failures </li></ul></ul><ul><ul><li>* using necessary chemicals for paraffin, corrosion, emulsion, </li></ul></ul><ul><ul><li>* maximizing pressure drawdown across main producing horizons by utilizing new pumps & pumping equipment </li></ul></ul><ul><ul><li>* ordering the right size of PC pumps, ESPs, downhole pumps, rod & tubing string, wellhead equipment in scope of surveillance program </li></ul></ul><ul><ul><li>* modifying wellhead connections </li></ul></ul><ul><ul><li>* measuring flowline pressures & eliminating well back pressures </li></ul></ul><ul><ul><li>* Reviewing the production operations policies & preparing new procedures </li></ul></ul>
  22. 23. 4. OIL AND GAS FIELD ECONOMY: SecOp’s custom-made SecOp ECON ® (Second Opinion Petrol, Ltd) oil & gas field economic evaluation software, a unique software which incorporates all oil and gas field technical & economic parameters in one single Excel® (MicroSoft) workbook. The rules and regulations, technical data including well rehabilitation & drilling programs & schedules, production plans & forecasts, injection schedule, CAPEX & OPEX items and all state and local taxes, together with cost recovery plans are input into this program.
  23. 24. <ul><li>A complete petroleum economy analysis will have to include the numerical and analytical answers to the following questions: </li></ul><ul><li>Total expenses until payout time throughout the project period </li></ul><ul><li>Net Cash Flow </li></ul><ul><li>Net Present Value </li></ul><ul><li>Profit Ratio </li></ul><ul><li>Payout Time </li></ul><ul><li>Internal Rate of Return - corrected for excess profits tax, if applicable </li></ul><ul><li>Risk Analysis and Expected Monetary Value of the project </li></ul><ul><li>Comperative Economic Indicators. </li></ul>
  24. 25. The answers to these questions will help the company executives to decide on the viability or the abandonment of a venture. A good understanding of these parameters, on the other hand, will help the hosting country officials to decide on the truthfulness of an economic analysis.
  25. 26. 5. PROCUREMENT & MATERIAL SUPPLY: All the needed material can be transferred from western, local & Russian sources by using manufacturer affiliates of SecOp
  26. 27. SecOp International, Inc has so far successfully evaluated: 2 oil-condensate-gas fields in Western Siberia 2 oil-condensate-gas fields in Eastern Siberia 9 oil-condensate-gas fields in Azerbaijan 12 oil-condensate-gas fields in Kazakhstan 3 gas fields in Ukraine 5 oil fields in Northern Iraq 2 oil fields in Sotheastern Turkey
  27. 28. SecOp International, Inc has a unique position in the Middle East and Caspian Region: The technical staff of the company has a long history of exploration and production in Southeast Turkey , Azerbaijan and Kazakhstan , and a huge experience in the fractured carbonate reservoirs in Turkey , Iraq and Syria , and the clastic reservoirs of the Caspian Region .
  28. 29. SecOp International, Inc has joined forces with Al-Rumaila Oil Services of Iraq based in Baghdad, Basrah and Istanbul, an esteemed company with a unique experience in Iraqi and Middle Eastern oil and gas industry.
  29. 30. SecOp’s Affiliates SecOp proudly presents its major affiliates who join forces with SecOp’s international ventures in various aspects of diversified industries.
  30. 31. REHABILITATION & PRODUCTION DRILLING, WORKOVER & WIRELINE LOGGING DRILLING & WORKOVER RIGS, PUMPS, EQUIPMENT SUPPLY TECHNICAL CONSULTANCY ENGINEERING-CONSTRUCTION SEISMIC FIELD WORK, PROCESSING & EVALUATION RESERVOIR MODELING & SIMULATION BASIN MODELING ECONOMICS & FEASIBILITY STUDIES

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