4th Global Heavy Oil Management Praxis Interactive Technology Workshop
Posted by PRAXIS GLOBAL RESEARCH on Thursday, December 06, 2012
Start Date Monday, March 25, 2013
End Date Thursday, March 28, 2013
Puerto Spain, Trinidad & Tobago
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2013 4th Global Heavy Oil Management Praxis Interactive Workshop
Maximizing Productivity… Increasing Efficiency…
The 4th Global Heavy Oil Management Praxis Interactive Technology Workshop, to be held on March 25-28, 2013 in Trinidad & Tobago, will address case studies, new and advanced technologies, methods to overcome challenges and international best practices, taking key knowledge from previous Committees and Workshops. It will focus on technical and operational strategies for effective and ef?cient methods for heavy oil production without undermining the environmental effects.
World oil demand at least in the next two decades is expected to continue to increase at a slow rate, whereas production from conventional light crude oil fields seems to have reached a peak. With the current growing global energy demand and the world’s depleting light oil resources, the world's energy industry is focusing on developing and maximizing heavy oil production. Companies and Governments globally have increased the focus on attaining the best technology, knowledge and streamlining methods to be able to tap into this complex resource. In short, the decline of production from light crude oil fields will have to be compensated by non-conventional production, mainly from heavy and extra-heavy crude oil fields.
It has been predicted that heavy oil’s share of total supply will jump to 16 to 20 percent by 2030 from about six per cent today. Several NOC’s are now in the process of vying to get a lead into the Latin American region to be able to tap into the Heavy Oil. Meanwhile, worldwide downstream facilities (pipelines and refineries, in particular) will have to be adapted to changes in oil supply. In the short- and medium-term outlook, heavy crude oil production peaks at 12.3 million b/d in 2020, remains at this level through 2025 and declines thereafter. North American heavy oil output will increase by 800,000 b/d, followed closely by South America at 770,000 b/d.
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