Tight Oil Reservoirs California 2012: Monterey and Surrounding Sediments

Venue: Double Tree Hotel

Location: Bakersfield, California, United States

Event Date/Time: May 30, 2012 End Date/Time: May 31, 2012
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With estimates of the total oil in place in California ranging from 300 billion barrels to over 500 billion barrels, one thing is certain; California has the potential to become the largest oil producing State in the America. The EIA believes the Monterey to contain 64% of all recoverable shale oil in the continental U.S., eclipsing the Eagle Ford and the Bakken. Despite producing significant volumes of oil for over 90 years, new technologies and techniques are now being pioneered and implemented to significantly increase production in California.

Identifying pay zones and characterizing reservoirs in the virtually unique, organic rich, and ultra-tight diatomite zones is developing fast with the introduction of advanced seismic and logging techniques. This combined with the latest advancements in acidization and hydraulic fracing technology that are being innovatively applied within the extreme depths of the San Joaquin mean that resources are being more cost-efficiently exploited than was previously thought possible.

But relative to reserves in place, the vast majority of the Monterey and surrounding sediments are yet to be fully unlocked. So what is the key?

Tight Oil Reservoirs California 2012 is the first dedicated Californian oil congress bringing together leading operators from throughout the State to examine the heterogeneous and naturally fractured nature of the Monterey and surrounding oil sediments in California. The latest techniques and technologies being used to characterize and exploit the State’s capacious oil reserves will be delivered by E&P experts to the delegates present with the aim of maximizing recovery in California’s most prolific oil resources. Regulatory limitations and drivers in Californian will also be examined to offer a comprehensive review on the feasibility of maximizing production using the techniques addressed.

Day One will open with a sub-surface analysis on what makes California so unique in relation to its various oil sediments and how the natural fractures, heterogeneity and complex lithologies of the Monterey formation can be measured and integrated into developing optimal recovery strategies. Reservoir characterization of the organic rich sediments will then be addressed, examining the petrophysical and geochemical characteristics of Californian source and reservoir rocks. Day one will close with California’s leading E&P companies delivering case studies of E&P success in the San Joaquin, Santa Maria and Los Angeles basins, examining the stratigraphical and geological differences that differentiate the oil producing regions.

Day Two begins by examining how operators are implementing new advanced technological solutions for maximizing production in mature reservoirs. Drilling and completions strategies from leading operators will then be examined, looking at acidization and fracing techniques for exploiting the shales of the Monterey and where horizontal and vertical drilling techniques are most effective. Focus then switches to exploitation of the oil-rich diatomaceous zones in California and where fracing and thermal techniques are being used to produce from this unique sediment. Finally, the regulatory environment as it relates to air, water and industry operations will be examined, hearing from multiple stakeholders on how the industry can compliantly and efficiently work within ever-tightening State regulation.

Tight Oil Reservoirs California 2012 is the latest in the well attended Tight Oil Series from American Business Conferences that has consistently delivered tangible exploration and production solutions to leading operators in the Bakken, Eagle Ford, Marcellus and across Canada.

Now it’s time for executives and leading geological, engineering and operations experts from the San Joaquin, Santa Maria, LA, Ventura and Salinas basin to come together in the heart of California’s oil and gas community, Bakersfield, to help producers fully exploit California’s abundant oil reservoirs.