Technoeconomic analysis of shale gas gross split contract in Naintupo Formation, Tarakan Basin

The deficit of natural gas supply and demand could be minimized by discovering new reserves in conventional or unconventional reservoir. Shale gas potential in Indonesia was estimated 574 TCF and Naintupo Formation in Tarakan Basin had 5 TCF of technically recoverable reserve with 35 TCF risked gas-in-place. This study would discuss technoeconomic aspect of shale gas field development in Naintupo Formation, Tarakan Basin using gross split contract scheme. Three flow profiles would be developed by using Arps hyperbolic decline curves, consist of low flow profile with initial production (qi) of 150 mmcf/mo, medium (qi = 250 mmcf/mo) and high flow profile (qi = 350 mmcf/mo). Costs estimation were based on benchmarking cost of developed shale gas field in United States and nearby oil/gas field development in Tarakan Basin. Economic analysis showed that medium and high flow profile gave positive economic indicator marked by positive NPV and IRR>10%. Sensitivity analysis showed that flow profile gave more effect in NPV and IRR increased than the gas price. In order to develop positive NPV with discount rate of 10%, it is required to sell shale gas at $6.52/MMBTU in high flow profile or $8.42/MMBTU in medium flow profile.

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Optimize Shale Gas Field Development Using Stresses and Rock Strength Derived From 3D Seismic Data

10.2118/137315-ms ◽

2010 ◽

Cited By ~ 3

Author(s):

Frederick David Gray ◽

Darren Schmidt ◽

Franck Delbecq

Keyword(s):

Shale Gas ◽

Seismic Data ◽

Rock Strength ◽

3D Seismic ◽

Gas Field ◽

Field Development ◽

3D Seismic Data

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Development of Multi-Scale and High-Resolution Integrated Earth Models in Silurian Longmaxi Shale Gas Field for Effective Full Field Development in Geographically Challenging Mountain Area, Sichuan Basin, South China

10.2118/182364-ms ◽

2016 ◽

Author(s):

Liang Xing ◽

Xian Chenggang ◽

Zhang Jiehui ◽

Wang Lizhi ◽

Jiao Yajun ◽

...

Keyword(s):

High Resolution ◽

Shale Gas ◽

Sichuan Basin ◽

Gas Field ◽

Mountain Area ◽

Full Field ◽

Field Development ◽

Multi Scale ◽

Longmaxi Shale ◽

Earth Models

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Multi‐period design and planning model of shale gas field development

AIChE Journal ◽

10.1002/aic.17195 ◽

2021 ◽

Author(s):

Zedong Peng ◽

Can Li ◽

Ignacio E. Grossmann ◽

Kysang Kwon ◽

Sukjoon Ko ◽

...

Keyword(s):

Shale Gas ◽

Planning Model ◽

Gas Field ◽

Field Development

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General Optimization Model of Modular Equipment Selection and Serialization for Shale Gas Field

Frontiers in Energy Research ◽

10.3389/fenrg.2021.711974 ◽

2021 ◽

Vol 9 ◽

Author(s):

Bingyuan Hong ◽

Xiaoping Li ◽

Xuemeng Cui ◽

Jingjing Gao ◽

Yu Li ◽

...

Keyword(s):

Shale Gas ◽

Optimization Model ◽

Supply And Demand ◽

Gas Production ◽

Equipment Management ◽

Gas Field ◽

Actual Case ◽

Processing Cost ◽

Green Production ◽

Productivity Prediction

The potential technical and economic advantages and flexible operability of modular equipment make it increasing widely used in gas field production and development. In addition to considering the manufacturing process, the selection and serialization of modular equipment should be made according to the productivity prediction of a gas well, so as to meet the field demand to the greatest extent and enhance the flexibility of gathering and transportation system. This article proposes a method to determine the use planning of modular equipment in shale gas field. Considering the processing capacity, processing cost, floor area, construction cost of modular equipment, and the changes of market supply and demand, an optimization model is established. On the basis of the abovementioned model, the method of serialization of modular equipment is proposed. The effectiveness of the model is verified by an actual case study. It is proved that the model can optimize the layout of modular equipment, make the modular equipment run efficiently and economically, reduce costs, and increase efficiency. This study provides a reference for optimizing the equipment management strategy and promoting green production practice of shale gas production.

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