Technical Analysis of the Oil and Gas Development in Montney Formation in the Shadow Area,  Canada

Bryan Moon; Sun Il Kwon

doi:10.32390/ksmer.2019.56.3.239

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2019 Vol.56, Issue 3 Preview Page Next Page

Research Paper

Technical Analysis of the Oil and Gas Development in Montney Formation in the Shadow Area, Canada 캐나다 쉐도우 지역 몬트니 층 오일, 가스 개발을 위한 기술 분석 연구

30 June 2019. pp. 239-250

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Abstract

ontney Reservoir in the Shadow area, Canada, has been actively exploited since 2010 using horizontal multi-fracturing technology. But since the collapse in oil prices in 2015, the development trend that started from North to South has been halted in Normandville, Girouxville, and Kenzie areas. In this study, geological, technical, and economic analyses were performed for oil and gas exploitation in the Shadow area that is located south of the aforementioned areas. The results determine that the Montney Formation, that is structurally higher than the water/oil contact and located within the edge of the Montney Fairway, can be developed similarly to the Kenzie Montney model. Additionally, from the economic analysis based on the production of offset wells and statistics from the nearby operators, the rate of return per well was evaluated as 66.1%, payout in 2 years, and the NPV(Net Present Value) of 32 million dollars at 10% discount rate.

Keywords

Western Canada Sedimentary Basin

Montney Formation

Horizontal Multi-Fracturing

Kenzie Montney Development Model

Shadow Montney

캐나다 몬트니 분지 중 쉐도우 지역의 저류층은 수평정 다층파쇄 공법의 적용을 통하여 2010년 이후 활발하게 개발이 진행되어 왔다. 하지만 2015년 유가 하락으로 인하여 북쪽에서부터 남쪽으로 진행된 개발은 노르만드빌, 지록스빌, 켄지 지역까지 진행된 후 중단되었다. 본 연구에서는 상기 지역의 남쪽에 위치한 쉐도우 지역의 오일, 가스 개발을 위하여 지질학적 분석, 기술적 분석, 경제성 분석 등 다양한 연구를 수행하였다. 연구 결과, 구조적으로 물-오일 경계보다 높고 몬트니 퇴적분지 경계 내에 위치한 지역은 연구 대상지역 북쪽의 켄지 몬트니 지역과 유사한 모델로 개발이 가능할 것으로 판단된다. 또한 인근 생산정의 생산성, 운영사의 자료를 바탕으로 경제성을 분석한 결과, 공당 수익율은 66.1%, 투자금 회수기간은 2년, 10% 할인율을 적용한 순현가는 32 백만불(CAD)로 평가되었다.

키워드

서부 캐나다 퇴적분지

몬트니 층

수평정 다단계 수압파쇄공법

켄지 몬트니 개발 모델

쉐도우 몬트니

References

Alberta Energy, 2016.02.05, https://www.energy.alberta.ca/AU/Royalties/Pages/RIWellsSpud.aspx

BOE Report, 2018.12.17, https://boereport.com/canada-well-licences

Canadian Discovery Ltd., 2008, Montney Subcrop Kaybob Girouxville Resource Gas, Canaian Discovery Ltd. Report, Calgary, Canada, 1p.

Canadian Society of Petroleum Geologists and Alberta Research Council, 1994, Atlas of the Western Canada Sedimentary Basin, Chapter 16 - Triassic Strata of the Western Canada Sedimentary Basin, 2018.11.28, https://ags.aer.ca/publications/chapter-16-triassic-strata#Overview

Kuppe, F.C., Nevokshonoff, G., and Haysom, S., 2012. Liquids rich unconventional Montney reservoir: the geology and the forecast. SPE Canadian Unconventional Resources Conference 2012, SPE, Calgary, Alberta, Canada, p.1407-1434.

10.2118/162824-MS

Moon, S.H., Kim Y.J., Chang, S.S., and Kwon, S.I., 2017. Acquisition Procedure for Petroleum and Natural Gas (PNG) Rights in Alberta, Canada. J. Korean Society Mineral and Energy Resources Engineering, 54(3), 268-279.

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Seo, H.J., Moon, S.H., and Kwon, S.I., 2017. The Recent Trend on Oil and Gas Industry in Canada. J. of the Korean Institute of Gas, 21(2), 10-19.

Information

Publisher :The Korean Society of Mineral and Energy Resources Engineers
Publisher(Ko) :한국자원공학회
Journal Title :Journal of the Korean Society of Mineral and Energy Resources Engineers
Journal Title(Ko) :한국자원공학회지
Volume : 56
No :3
Pages :239-250
Received Date : 2019-04-10
Revised Date : 2019-06-17
Accepted Date : 2019-06-21
DOI :https://doi.org/10.32390/ksmer.2019.56.3.239

Journal of the Korean Society of Mineral and Energy Resources Engineers ISSN:2288-0291(Print) 2288-2790(Online) 한국자원공학회지

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