Kim, Young In Han, Jung Kuy [Korea Institute of Geology Mining and Materials, Taejon (Korea)Īs agreed by the Second Meeting of the Expert Group of Minerals and Energy Exploration and Development in Seoul, Korea, 'The Construction of Database on the Oil and Gas Fields in the APEC Region' is now under way as a GEMEED database project for 1998.
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Findings indicate that using the power production, the volume of the recuperator and the net present value as objective functions the optimal pressure ratio (2.52) and the exhaust gas temperature (178.8 Â☌) differ from the values (2.80 and 145.5 Â☌) calculated using the theory of the power maximization.Įnergy Technology Data Exchange (ETDEWEB) Firstly, the design is determined using the theory of the power maximization. Subsequently, the multi-objective.This paper aims at comparing two methodologies to design an air bottoming cycle recovering the waste heat from the power generation system on the Draugen off-shore oil and gas platform. This paper aims at comparing two methodologies to design an air bottoming cycle recovering the waste heat from the power generation system on the Draugen off-shore oil and gas platform. The worst-case scenario sees a peak in 2008 and the best-case scenario, following a 1.4 % demand growth, peaks in 2018ĭesign and optimization of air bottoming cycles for waste heat recovery in off-shore platforms In all scenarios, peak oil occurs at about the same time as the giant fields peak. The results, in combination with forecasts on new field developments, heavy oil and oil sand, are used to predict future oil production. A model, based on past annual production and URR, has been developed to forecast future production from giant fields.
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The domination of giant fields in global oil production confirms a concept where they govern future production. A large number of the largest giant fields are found in the countries surrounding the Persian Gulf.
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However, giant fields are something of the past since a majority of the largest giant fields are over 50 years old and the discovery trend of less giant fields with smaller volumes is clear. Their contribution is striking: over 60 % of the 2005 production and about 65 % of the global ultimate recoverable reserve (URR). Only 507, or 1 % of the total number of fields, are giants. A giant oil field contains at least 500 million barrels of recoverable oil. Instead, giant oil fields, the largest oil fields in the world, can be used as a parameter. However, the reliability of the oil price as a single parameter can be questioned, as earlier times of high prices have occurred without having anything to do with a lack of oil. The belief in a soon peak production of oil is fueled by increasing oil prices. Since future oil demand is expected to increase, the question to what extent future production will be available is important. The cheap supply of oil has been the engine for economic growth in the western world.
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Since the 1950s, oil has been the dominant source of energy in the world. International Nuclear Information System (INIS) Giant Oil Fields - The Highway to Oil: Giant Oil Fields and their Importance for Future Oil Production The greatest exergy destruction takes place in the gas treatment (51%), recompression (12. The total energy demand is moderately sensitive to daily and monthly variations: it ranges between 22 and 30 MW, of which 18-26 MW and about 3-4 MW are in electrical and thermal energy forms. In this paper, the processing plant of the Draugen platform is evaluated by performing an energy and exergy. Oil and gas processing on offshore platforms operates under changing boundary conditions over a field lifespan, as the hydrocarbon production declines and the water extraction increases. Nguyen, Tuong-Van Jacyno, Tomasz Breuhaus, Peter Thermodynamic analysis of an upstream petroleum plant operated on a mature field