Request you to kindly drop in all your mails/queries to support@infraline.com or call us at
+91-120-6799125 (D); +91-120-6799100 (B)

infra-search

User Name

Password

Forgot Password?


Set as Default

Webinar Details

Shale Revolution: Potential, Challenges, Innovations and the Future

Pre Recorded Webinar

Mr. Ashok Varma

Former Director - Onshore, ONGC

Thursday, November 2nd, 2017

3:30PM IST to 4:30PM IST

Abstract

The technological developments in exploitation of oil and gas from almost impermeable shale layers have made enormous hydrocarbon reserves accessible to the world at affordable prices. The fear of exhaustion of reserves has taken a backseat while the oversupply and resulting subdued prices have become the prime concern. The shale producers have proved to be quite nimble to adapt to market forces quickly and effectively, thus dampening the volatility of oil prices. Estimates of worldwide shale reserves are huge although most of the prospective basins outside the U.S. are yet to be evaluated. Continuous efforts are on to further improve the efficiency and the recovery factors by using new and improved methods for identifying sweet spots, closer spacing of wells, selective fracs and EOR techniques. What still remain the major concerns are the enormous water requirement, disposal of produced water, requirement of land for drilling of wells for production and disposal, contamination of water sources and fears of induced natural calamities like earthquakes. These environmental issues have so far been keeping most of the other countries wary, but the industry is making strident progress to find solutions to these problems also by using pad drilling – reducing the land requirement - and recycling of water – reducing dependence on natural water resources and reducing the quantum of produced water to be disposed.

The shale revolution has posed a major challenge to the cost intensive exploration and exploitation activities in difficult areas like deep waters, the Arctics and the permafrost regions, but still faces serious competition from the renewable energy resources, which, though riddled with their own constraints of land requirement, irregular and non-continuous supply and high costs, offer a more environment friendly choice, and is making rapid progress in improving efficiency and reducing costs.

Through the webinar, Mr. Ashok Varma (Former Director - Onshore, ONGC) shall take up key aspects related to Shale Oil/Gas, reserves around the world, technicalities involved in the production from Shale along with the challenges faced during the exploration and production activities, environmental issues, recent technological developments for improved economic production, potential impact on other energy sources from Shale Revolution etc. Other insights related to Shale like new and improved methods for identifying sweet spots, EOR techniques and closer spacing of wells would also be a key subject of discussion.

Key points to be addressed:

  • What is Shale, Shale oil and Shale gas
  • Estimates of reserves in major countries of the world
  • Technical challenges of production from Shale
  • Environmental issues
  • Technological developments to improve production and reduce costs
  • Impact of Shale Revolution on other renewable and non-renewable energy resources

Who Should Attend?

  • Key Stakeholders in Oil and Gas Sector from the Government and Private Companies
  • Sector Analysts, Consultants and Energy Sector Practitioners
  • Oil and Gas Operators
  • Service Providers
  • EPC Companies
  • Research & Training Institutes
  • Project Financiers
  • Policy Makers, Academicians and Others

About Our Speaker

Ashok Varma

Mr. Ashok Varma has been associated with the petroleum industry for about four decades. He graduated as a Petroleum Engineer from Indian School of Mines, Dhanbad, (now IIT-ISM Dhanbad), in 1977 and worked for Oil and Natural Gas Corporation Ltd, the national oil company of India, till his retirement in 2015 as Director (Onshore).

He has wide ranging experience in all aspects of the oil industry; He was involved in the design and engineering of all offshore oil production platforms and pipelines which were under various stages of development in Mumbai High in the eighties. He was a key person involved in the first major acquisition of an oil and gas property by India abroad - 20% stake in Sakhalin-1 Project by ONGC Videsh. He was the first CEO of Imperial Energy, acquired by OVL, in Siberia, Russia. He headed Assam Asset and Eastern Offshore Asset of ONGC. First oil production from deep seas off the East coast of India came during his tenure as head of that Asset.

Besides being a full time Director on the Board of ONGC, he was also on the Board of ONGC Teri Biotech, ONGC Mangalore Petrochemicals Ltd. and ONGC Tripura Power Company Ltd. He was a member of the Governing Council of Jawahar Lal Nehru Technical University, Kakinada, and is Adjunct Professor at IIT-ISM Dhanbad.

He has extensively worked in the oilfields of India spread over Assam, Gujarat, Andhra Pradesh and Tamil Nadu. He also had exposure to the oilfields of United States (Texas), United Kingdom (North Sea), Russia, Kazakhstan, Kyrgyzstan, Uzbekistan, Trinidad and Tobago, Colombia, Qatar etc.