New technology to boost oil production.
The Energy Ministry and Tatweer Petroleum have been reviewing the feasibility of introducing the BPZ technology, which according to its founders, has proven successful by increasing production efficiency of oil wells by up to 500 per cent.
According to developers of BPZ - Pneumatic Pumping System, deploying this Enhanced Oil Recovery (EOR) technique in Bahrain could increase the oil production of Bahrain's wells from 50 barrels per day (bpd) to 90bpd.
Invented by Zadson Franco under patent and development with Petrobras - Cenpes, BPZ is designed for artificial lifting within oil wells using compressed gas available in fields.
Energy Minister Dr Abdulhussain Mirza said the technology could be ideal for Bahrain's brown field, which is in a state of decline.
"BPZ is a technology that is a combination of gas lifts which can increase production of oil wells by 500pc, according to its founders," Dr Mirza told the GDN.
"EOR becomes important as it helps companies to produce more oil from fields of low productivity.
"The benefits also depend on the nature of field and Bahrain's field is very complicated, so it needs study on the application.
"I have asked my team and Tatweer to look for benefits from this technology and it is important that we keep abreast of the fast moving developments in the field."
He was speaking on the sidelines of a meeting of the Special Interest Group (SIG) at the Bahrain British Business Forum (BBBF), which was held at the Ramee Grand Hotel and Spa, Seef.
The event's guest speaker was oil and energy expert and Earth East Africa president Abdur Rasheed Tunde Omidiya, who said the BPZ technology would increase Bahrain's oil production at a reduced cost.
"Bahrain is a field that is in a steady state of decline which we call a brown field, and being a brown field the best we can do is to increase production at the minimal cost," explained Mr Omidiya.
"This technology will help Bahrain increase its production at a reduced cost.
"Today with gas lifts system, productivity can be increased by minimum 70 to 80pc and in some cases even by 200pc, depending on the performance of each field.
"By deploying this technology in Bahrain, we can bring the production level from what it is today, which is 50bpd up to 90 bpd.
"We can almost double the production from each well, which is easily an additional 1,000bpd from 10 oil wells."
Mr Omidiya said Bahraini authorities should rethink the country's oil production strategy because its oil reservoir was challenging.
"We need to look into optimising Bahrain's oil wells, as some of them that are drilled may have to be converted into injectors, which can be used to inject gas to help oil drive to other wells," he said.
"Bahrain's oil reservoir is very challenging and we may have to review the current oil production strategy and also look into the expenditure and the availability of funds to go into enhanced production.
"Of the 100pc oil available in Bahrain, 25pc has surfaced and the remaining 75pc is hiding in the rocks which have to be tapped."
He also urged the country to seek private investors to fund the technology.
"Bahrain should seek investors that are willing to take a risk reward system, where they will bring in technology, finance them and prove it working so that the government will not have to put upfront investments," he added.
"These are private equity investors who bank on such technology, those who own and deploy these technologies to prove it successful and then get rewarded, based on the result, which is the trend of the industry."
The BPZ technology has been used with key installations in over 230 wells in South America and due to the continuous success of the technology on multiple worldwide installations.
A new contract, which is still under negotiation, looks into installing the technology in a further 3,000 wells in the area.
Copyright 2016 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( Syndigate.info ).
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|Publication:||Gulf Daily News (Manama, Bahrain)|
|Date:||Apr 10, 2016|
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