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Exploration of shale gas from next month: Babar

Shale oil has no pressure you have to put alot of water(and recently air) in and extract oil out...
its average cost is 40-50$ vs 8-10$ for ordinary oil gas


That is completely ignorant and false statement.

  1. You don't water flood tight shale (somewhat subjective).
  2. Shale with potential is usually overpressure (depending on depth - i.e. overburden vertical stress)
  3. Nobody injects air into shale (beyond maybe some sort of pilot experimental basis)
  4. You have to inject water+chemicals+proppant with mostly the pad retuned as frac flowback fluid as immediate production followed by hydrocarbons
  5. Cost are always improving as technology improves and with improving efficiencies... Lower service company completion costs

Its shale oil, much more expensive to extract. It also need lot of water.

You can use saline sea water
 
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I remeber the time when all of yous on PDF were planning to change your names to Sheikh Al Malik Bin Fulaan Thaani :rofl::rofl:

Shale oil and gas is less prospective. You do not need risk capital in exploration well for geological potential. Upon successful sonar and core from a wildcat you can delineate the formation extent and estimate your total volumetric reserves.

The challenges with shale resources is:
  1. High capital costs in drilling horizontal multistage fractures wells
  2. The completion costs
  3. The high use of water (saline works now as well)
  4. Induced seismicity (earthquakes - usually of small scale)
  5. Fast decline rates. I.e. shale wells production declines a lot faster than conventional (normal) wells
  6. Due to fast declines you need to keep drilling new wells (called in fill drilling)
  7. Disposal of the produced waste water
 
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One thing I know shale industry is a huge plus for truck drivers. In US at least $100,000 easy.
Shale oil and gas is less prospective. You do not need risk capital in exploration well for geological potential. Upon successful sonar and core from a wildcat you can delineate the formation extent and estimate your total volumetric reserves.

The challenges with shale resources is:
  1. High capital costs in drilling horizontal multistage fractures wells
  2. The completion costs
  3. The high use of water (saline works now as well)
  4. Induced seismicity (earthquakes - usually of small scale)
  5. Fast decline rates. I.e. shale wells production declines a lot faster than conventional (normal) wells
  6. Due to fast declines you need to keep drilling new wells (called in fill drilling)
  7. Disposal of the produced waste water

InshAllah Pakistan is successful and we can also become an oil rich country like UAE and hopefully not like Libya or Venezuela.
 
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@Clutch do you have a professional background in oil, or are you just well clued up on Shale gas? I have a couple of questions.

1. Doesn't the extraction process pollute the local water table?
2. In the UK several sites have been shut down due to them causing earthquakes. Isn't this a risk in Pakistan too?
 
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Shale is expensive and has huge environmental implications. Its better to concentrate on natural oil and gas reserves first.
 
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@Clutch do you have a professional background in oil, or are you just well clued up on Shale gas? I have a couple of questions.

1. Doesn't the extraction process pollute the local water table?
2. In the UK several sites have been shut down due to them causing earthquakes. Isn't this a risk in Pakistan too?

1. Yes and no. The issue is that when you hydraulically fracture a well you can cause well integrity issues. What that means is you can cause micro channelling behind the cement and casing (steel pipe) of gas to the potable ground water. However, this is largely mitigated by making sure you have multiple layers of pipe and cement protecting the ground water. 1. A cemented surface casing, 2. A cemented production casing 3. You temperture log (think of it as running a scanner) after the hydraulic fracture you don't have gas migrating up to the ground water.
If you follow those best practices (and some more details I haven't listed to keep this simple) you will protect the ground water. There are thousands of shale hydraulically fractured wells... And only very few of them leak to the groundwater.. and it's mostly because the company cut corners not because shale gas wells are particularly prone to this.

2. Yes, earthquakes are an undeniable risk for the hydraulic fracturing. More so in certain jurisdictions thanks others. The main mechanism is due to pore pressure increase of hydraulic fracture fluids causing existing stress faults into slipping. What that means... The earth has faults ("cracks") and these faults are held together under stress. Think of a jigsaw puzzle you are holding up and pushing together from all sides making sure it doesn't fall apart. Now when you fracture you "lubricate" that fault it will slip. Something akin to you holding your hands clapped together with alot of pressre and I come along and pour oil between those hands... They will slip.
So what about Pakistan... These faults are more prevalent in mountain making regions. .They run parallel to mountain making regions. In Pakistan the Himalayas run approx east-west in the north and some what north-south in the western region of Pakistan. This causes a complex stress regime and possible a lot of natural fractures. Pakistan is already known for being an active seismic region. My guess is (I don't know too much about Pakistan's geology) Pakistan is at particularly high risk... More so than the North American region I'm from.
But almost all earthquakes recoded because of hydraulic fracturing have been "small". The maximum ever recorded was about ~4 on the Richter scale. Usually a completions company is required to have real time monitoring when they stimulate (fracture) the well. And immediately shut-in if they cause a induced seismic event.

Hydraulic fracturing has risks. But if done right with proper regulations has been proven to be a viable technical. Don't believe everything you hear in the media. A lot of it based on fear and misinformation or just pure scientific ignorance.
 
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:rofl: Kekra ne dhoka diya
I still don't understand how come Iran is having new oil fields of 50 billion barrel and we can't even find 15 billion barrel. It's so sad In Shaa ALLAH one day we will be able to find
 
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It's not really about finding them resources. But being able to disclose them and then use them for making money without irking the American shaitan.
I still don't understand how come Iran is having new oil fields of 50 billion barrel and we can't even find 15 billion barrel. It's so sad In Shaa ALLAH one day we will be able to find
 
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