EUROGEOSOURCE SEMINAR Brussels, 12th March 2013 NEW RESOURCES, NEW TECHNOLOGIES NEW DATA NEEDS António Costa Silva 1 12 March 2013 Chairman of the Management Commission EuroGeoSource Seminar SUMMARY 1. WHAT IS CHANGING in the WORLD ENERGY MARKETS and CHALLENGES for FUTURE 2. NEW RESOURCES 3. NEW TECHNOLOGIES 4. NEW DATA NEEDS 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 2 EuroGeoSource Seminar 1. WHAT IS CHANGING in the WORLD ENERGY MARKETS and CHALLENGES for FUTURE 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 3 Population, GDP and Primary Energy Consumption Source: BP Statistical Review of World Energy June 2009 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 4 PRODUCTION of SELECTED COMMODITIES, 1950, 1975, and 2000 (in thousand metric tons, unless otherwise noted) PRODUCTION Bauxite Cobalt PERCENT INCREASE 1950 - 2000 1950 1975 2000 8,370 25,401 135,000 1,513 7 30 Copper 2,645 6,960 Iron ore 250,000 887,389 Nickel 146 787 1,250 756 Titanium 814 3,298 5,187 537 33 371 13,200 399 1,061,148 324 Crude oil (billion barrels) 3,8 19,5 27,3 618 Natural gas (tillion cubic feet) 7,2 55,8 85,1 1,082 Source: US Grological Survey, Minerals Yearbook; BP, Statistical Review of World Energy 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 5 POPULATION 7 billion people GDP 65 trillion US$ 2030 2012 A VISION of the WORLD ENERGY CHALLENGES POPULATION 8,5 billion people GDP 130 trillion US CAR FLEET CAR FLEET 800 million cars 3 billion cars OIL USE in DEVELOPED WORLD OIL USE 14 barrels/person/year OIL USE in DEVELOPING WORLD Billions of people with better incomes go from 3 barrels/person/year up to 3 or 4 times more 3 barrels/person/year WORLD ENERGY MATRIX . Oil Production is 5 times greater than in 1957 . Renewables have established a more secure foundation . Oil/Coal /Natural Gas provide 80% of supply 12 March 2013 WORLD ENERGY MATRIX . Dominance of Natural Gas? . Consolidation of Renewables . Solution for the transport system: (electric/biofuels/GTL//fuel-cells)? ELECTRICITY ELECTRICITY 1,5 billion people without access . Wide access and needs WATER WATER 700 million people with scarce resources . How to lift restrictions? 6 ENERGY GAME CHANGERS in XXI CENTURY UNCONVENTIONAL GAS INSTABILITY in PRODUCING COUNTRIES and THREATS to SUPPLY 12 March 2013 INDUSTRY CATASTROPHIC ACCIDENTS (e.g. OFFSHORE OIL Spills) and PUBLIC IMAGE EMERGENCE of PACIFIC BASIN as TOP ENERGY CONSUMER EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission FUKUSHIMA NUCLEAR ACCIDENT CLIMATE CHANGE and ENVIRONMENTAL REVOLUTION 7 EuroGeoSource Seminar 2. NEW RESOURCES 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 8 OIL and GAS: KEY CHANGES UNDER DEVELOPMENT IOR / EOR POTENNTIAL From CONVENTIONAL to UNCONVENTIONAL RATIO PRODUCTION / NEW RESERVES - THE DECLINE for CONVENTIONAL - 140 Millions of barrels per day 120 100 80 60 NEW TECHNOLOGIES 40 UNCONVENTIONAL OIL 20 0 1970 CONVENTIONAL OIL 1990 2010 2030 2050 2070 2090 Source: IEA MAXIMIZATION of RECOVERY FACTORS Source: 21st World Upstream Conference GROWING NEED OF MINING the OCEANS GROWING DOMINANCE of UNCONVENTIONAL RESERVES Source: IEA Source: IHS CERA 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 9 MAJOR EUROPE SHALE GAS BASINS IDENTIFIED 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 10 D R I V E R S F O R F U R T H E R APPLICATIONS . Gas is most versatile of fossil fuels . Used both in power generation and transportation . GTL may be competitive solution for transport in Medium Term DECARBONIZATION OF ECONOMY . Gas is the least poluent of fossil fuels . May play key role in transition of energy paradigm D R I V E R S F O R F U R T H E R GAS DRIVERS G A S G A S D E V E L O P M E N T 12 March 2013 S D E V E L O P M E N T S EFFECTS OF JAPAN NUCLEAR CRISIS . Decision of some countries to slowdown nuclear power (Germany, Italy, Japan) . Opens a more decisive role for Gas EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 11 Major Oil and Gas Discoveries in the Atlantic Source: 21st World Upstream Conference Global Pacific & Partners 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 12 New frontiers: Brazil ultra-deep offshore (pre-salt area ) 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 13 PORTUGAL: ZEE com a Extensão da Plataforma Continental 12 March 2013 14 RECURSOS ENERGÉTICOS DO MAR EuroGeoSource Seminar 3. NEW TECHNOLOGIES 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 16 EXPLORATION Partex Global Seismic Inversion Sea Bed Logging FDP Optimization Explore the seismic data until the limits Partex has its own Seismic Inversion Methodoloogy CHALLENGES and INDUSTRY TECHNOLOGICAL RESPONSES “SPAGHETI FIELDS” FIELD CONGESTION (2005-2032) 12 March 2013 DIGITAL OIL FIELDS 2010+ Automation / i-Field EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission MICROBIAL EOR - MEOR 17 PRODUCTION SOLUTION: HYDRAULIC FRACTURING • Fracture Technology is responsible for USA success in gas shales Use large amount of water in a short period of time to develop a gas well Addition of sand or other material (proppants) to the fluid to keep induced fractures open Most wells are horizontal with one or more horizontal legs extending to the target sections The legs may extend more than 2 Km from the surface location of the well 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 18 THE FUTURE OF NATURAL GAS Gas should make the world a cleaner, safer place Source: The Economist, 6th August 2011 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 19 2010+ Automation / i-Field 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 20 SOLWARA COPPER GOLD PROJECT in PAPUA NEW GUINEA by Nautilus Minerals - OCEAN MINING - 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 21 The GEOPOLITICS of the PIPELINES 11 1 10 2 a b 5 6 9 8 13 7 3 4 12 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 22 Jihad in AFRICA The Danger in the Desert Source: The Economist, January 26th - February 1st 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 23 ENERGY, RESOURCES and SUSTAINABLE DEVELOPMENT . Use of Oil and Gas where they are INDISPENSABLE . “Low Carbon” solutions: - Buildings - Electric/Thermal Generation - Transportation systems . Energy Equation - Electric/Thermal Generation - Increase of Energy consumption Transport systems -- Need to reduce CO2 emissions . Reduction of Emissions - Kyoto lessons/IMPROVE “DESIGN MECHANISMS”/ENERGY EFFICIENCY/GAS FLARING . CO2 Sequestration and Injection in Oil Reservoirs - A win/win approach . Control/Reduction of VOC Emissions - Surface facilities . Optimization of local resources 12 March 2013 EuroGeoSource Seminar - Use of Renewables António Costa Silva – Chairman of the Management Commission - Use of Water 24 HOW TO MINIMIZE CO2 EMISSIONS? POWERGENERATION ► CO2 SEQUESTRATION ► UNDERGROUND STORAGE ► CLEAN-COAL TECHNOLOGY ► HYBRID CARS (Combustiv + Electric Motors) - Minim. CO2 Emissions TRANSPORTS SYSTEM 12 March 2013 ► FLEXI-FUEL (Biofuels + Conventional) - Low CO2 Emissions ► GTL (With Diesel) - Low CO2 Emissions ► HYDROGEN (Fuel-Cells) - No CO2 Emissions EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 25 BUILDINGS . Lighting 20% of world electricity . LED / SSL . Buildings: context . Energetic Performance . "Zero-Energy Homes" - Micro-generation Emerging Technologies: Decarbonisation Economy . Energy Efficiency . Economic Competitiveness . Security . Environmental Sustainability TRANSPORTATION SYSTEMS . Batteries and plug-in cars . Electric vehicles . Advanced biofuels . Natural gas vehicles . Evolving smart grids . Advances in internal combustion . Increasing fuel efficiency . Advanced diesels . New lighter materials . Chemical Propulsion: - Space Industry ELECTRICAL AND THERMAL GENERATION . Sequestration and storage of NANOTECHNOLOGIES . Production / Storage of Energy . Energy Efficiency . New techniques to process hydrocarbons 12 March 2013 CO2: - Post-Combustion - Pre-Combustion - Oxy-Fuel . Electricity 30% plus expensive "CLEAN COAL" FutureGen (USA): 1st Integrated Central - Electricity Production + Hydrogen with CO2 sequestration . Coal Gasification: Conversion in gas (H + OC) . Hydrogen Production . Renewables: Wind / Solar / Waves/ Geothermal / Biomass/ Nuclear Energy: 3rd and 4th Generation “SMART GRIDS” . Producer / Consumer . Decentralized and distributed networks 26 TRANSPORTATION FUELS TO SEE RISING DEMAND Source: Exxon Mobil, the 2010 Outlook for Energy: A view to 2030 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 27 TRANSPORTS: NEW PARADYGM Electric Cars HYDROGEN (Fuel Cells Vehicles) No CO2 Emissions HYBRID (Conventional Fuels+ Electric motor) Minim CO2 Emissions FLEXI-FUEL (Biofuels + Conventional Low CO2 Emiissions Conventional Vehicles Improved Conventional Vehicles ( Lightweight Materials) Today 12 March 2013 Tomorrow EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 28 Energy Road Map and Solutions: Many Possible Paths Leading to Same “Destination”” 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 29 IMAGEM TÉRMICA do DESPERDÍCIO de ENERGIA Washington, 2012 Estrada Congestionada Veículos em filas lentas Só 15% da energia fornecida pela gasolina é utilizada 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 30 EuroGeoSource Seminar 4. NEW DATA NEEDS 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 31 COMO LIDAR COM A INFORMAÇÃO DILUVIANA CARACTERÍSTICA DO NOSSO TEMPO? 2005 2010 • Mundo produziu 150 Exabytes de informação digital • 1 Exabyte = 1 000 milhões de Gigabytes Aumento 8 vezes em 5 anos • O mundo produziu 1 200 Exabytes de informação CONSEQUÊNCIAS • • • • • • Espécie de Lei de Moore acelerada para a informação A informação passou da escassez à super-abundância em pouco tempo A gestão da informação é crucial para o exercício da Engenharia moderna Transformar informação em conhecimento Minas digitais e campos digitais de petróleo e gás As implicações para a compreensão dos sistemas complexos e para o processo de decisão 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 32 FUTURAS AMEAÇAS: O CIBERTERRORISMO Ciberterrorismo • Ataques Sistema Informático Qatar Gas, Saudi Aramco e NIOC • Ataque a 15 de Agosto 2012 contra a Saudi Aramco paralisou 30 000 computadores • Vírus Shamoon / Stuxnet / Flame • “Novo Pear Harbour Cibernético?” • Novas Dimensões da Guerra: o ESPAÇO DIGITAL 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 33 New Energy Model 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 34 EuroGeoSource Seminar THANK YOU 12 March 2013 EuroGeoSource Seminar António Costa Silva – Chairman of the Management Commission 35