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www.skoilfield.com

www.skoilfield.com. www.skoilfield.com. GEODynamics Perforating for Profit - Manav Kanwar SK Oilfield, Mumbai. IDEC | 23 May 2013. Company Purpose. www.skoilfield.com. GEODynamics Helps Operating Companies and Service Providers Complete More Profitable Wells. Business Activity.

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www.skoilfield.com

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  1. www.skoilfield.com

  2. www.skoilfield.com GEODynamicsPerforating for Profit- Manav KanwarSK Oilfield, Mumbai IDEC|23 May 2013

  3. Company Purpose www.skoilfield.com GEODynamics Helps Operating Companies and Service Providers Complete More Profitable Wells

  4. Business Activity www.skoilfield.com GEODynamics develops and manufactures wellbore perforationsystems. Our direct customers are oilfield service companies. They deploy our equipment for the ultimate end user, the well operator. We also market to end users, so that they select/specify our equipment.

  5. General Challenges www.skoilfield.com Issues when selecting a perforating system • Rule-of-thumb approaches used to design • Most systems are optimized for cement … not rock Busy, under-trained engineers • Replicating well plans and minimizing cost • Without guidance, procurement takes control Reservoirs vary between & within wells • Suboptimal perforation/stimulation designs

  6. Economic Impact www.skoilfield.com Productivity varies Rates decline faster than expected Untapped reserves Incremental cost of intervention Wells are less profitable than planned

  7. www.skoilfield.com

  8. GEODynamics’ Product Families www.skoilfield.com Custom-built solutions Reactive liner shaped charges Industry-leading perforators Value-engineered systems Completion systems & valves Supported by a full range of carrier systems & accessories

  9. Reactive® Perforating (CONNEX® Product Line) www.skoilfield.com • Shaped charge liner contains proprietary metals that react with each other after detonation • Reaction generates heat & pressure within and around tunnel, breaking up & expelling debris • Crushed zone surrounding tunnel is removed • Over-pressure fractures the tunnel tip Debris-free tunnels with superior geometry for flow &/or stimulation are delivered without underbalance

  10. Industry Leader in Penetration www.skoilfield.com Data Source: http://www.api.org/certifications/witnessing/perforator/index.cfm

  11. Industry Leader in Big Hole Systems (Flow Area) www.skoilfield.com Data Source: http://www.api.org/certifications/witnessing/perforator/index.cfm +20% +10% vs. nearest 39g competitor +32% +62%

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  14. Why Should I Care? Simple Economics… www.skoilfield.com DPerf cost $ 40k per well D Investment $ 200k (5 wells) 20% greater IP 480 bopd vs. 400 bopd offsets D Cash flow ($ 90) 90 x 80 x 5 x ($90 – $25) = $ 2.34 mln ROII (production) $ 2340/200 = 11x (8 days payback) Economics on re-perforation are even stronger, especially if you are re-entering the well anyway

  15. Summary of GEODynamics’ Differentiators www.skoilfield.com • Capabilities • People & Experience (multidisciplinary) • Evaluation Facilities • Manufacturing Facilities • Technology • Reactive® Perforating systems developed for rock • Industry-leading DP and BH Systems • Focus • Operator well performance/profitability • Agnostic to service provider

  16. www.skoilfield.com THANK YOU … QUESTIONS? manav.kanwar@skoilfield.com www.perf.com www.skoilfield.com Phone : +91-22-2837 7070 Join SPE at www.spe.org

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