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Volume 27 Number 6 March 2008 CONTENT Page 1 Surprises in the Oil Industry 4 Meeting Schedule 7 E n h a n c e d O i l R e c o v e r y a DTU Perspective Surprises in the Oil Industry future meetings for more information regarding the programme see pages 4-5 Let me thank Leo Roodhart for an inspiring presentation and Shell for sponsoring an excellent dinner. It is not often heard that a company spends much energy and many resources to generate innovative ideas only to float new companies that can commercialize the idea and at the same time allow competitors to use it. The surprising logic is that it has greater value to Shell to accelerate the innovation process than to keep the ideas for themselves. It was also interesting to hear how many new ideas were generated by combining existing knowledge from different disciplines and industries - i.e. that networking and communication is a powerful supplement to research. Our next meeting is hosted by the Technical University of Denmark (DTU). We will get an overview of EOR techniques in the past and in the future and I look forward to hearing if some of the existing ideas that originated when the oil price was lower than it is today deserve more attention now. I am also curious to hear which new ideas are brewing in the research community. We also have an after dinner talk on perspectives and challenges for the Petroleum Engineering Education in Denmark. For newcomers to the industry, this meeting is an excellent opportunity to learn something while the more experienced people may brush-up existing knowledge and be surprised by some of the new ideas. I hope this agenda will bridge gaps and strengthen ties between the industry and the researchers in Denmark. And just in case this agenda is not inspiring enough for everyone, we have engaged with the Danish chef Søren Gericke who will come up with an exquisite menu. For our non-danish readers, Søren Gericke is the Danish equivalent to Jamie Oliver and Gordon Ramsey. Your contribution to this evening s program is to adhere to the chefs orders and sign-up before Easter on March 16th because the menu requires preparations that leave no flexibility to late comers! Expect to be surprised. I hope to see many of you at the SPE meeting on March 25th at Hellerup Park Hotel. Per Bak Section Chairman

3 SPE Copenhagen section The Board 2007-2008 season Section Chairman: Per Bak Tel.: +45 3363 3750, e-mail: pb@maerskoil.com Programme Chairman: René Frederiksen HESS Corp. Østergade 26B, 1100 Copenhagen K Tel.: +45 3330 1243, e-mail: rene.frederiksen@hess.com Newsletter Chairman: Susanne Poulsen Tel.: +45 3363 3986, e-mail: spn@maerskoil.com Membership Chairman: Ole Vejbæk Hess Denmark Aps Østergade 26 B, 1100 Copenhagen K Tel.: +45 33 301 232, e-mail: OleV.Vejbaek@hess.com Treasurer: Hans Plessing Welltec Gydevang 25, 3450 Allerød Tel.: +45 4814 3514, e-mail: HAP@welltec.dk GLOBAL VIEW LOCAL INSIGHT INGENUITY BACKED BY GLOBAL EXPERTISE In more than 75 years of working around the world, Schlumberger has learned the importance of local insight and ingenuity. We live where we work hiring locally, developing talents, and gaining understanding of your environment. As a result, we have a vested interest in finding solutions to your local challenges. +45 75 453500 www.slb.com/oilfield 2007 Schlumberger. 07-OF-158 Web Master: Erik S. Jakobsen Tel.: +45 3363 3902, e-mail: esj@maerskoil.com Secretary: Gerwyn Williams Chevron Denmark Inc. Parken, Øster Allé 48, 2100 Copenhagen Ø Tel.: +45 7021 8424, e-mail: gerwyn@chevron.com Members: William Ginty, BPS Aps., Tel.: +45 4055 5107 e-mail: Ginty@mail.tele.dk Klaus Hasbo, Noreco Exploration and Production www.dongenergy.com International working culture based on Nordic values Substantial job flexibility Good work/life balance Minimal hierarchy Efficient decision processes High responsibility Emphasis on competency development Nicolas Kjær, Schlumberger, Tel.: +47 9822 5728 e-mail: kjaer@copenhagen.oilfield.slb.com Alexander Shapiro, DTU IVC-SEP, Tel.: +45 4525 2881 e-mail: ash@kt.dtu.dk David Walsh, Shell, Tel.: +45 3337 2088 e-mail: David.Walsh@shell.com Sean Kelly, DONG E&P, Tel.: +45 4517 0723 e-mail: seake@dongenergy.dk 2

Meeting schedule 5 2007-2008 September 25 Main After Dinner Tractor Applications in the Oil Field Welltec: Guided tour at Christian Krüger, Welltec Welltec facilities October 22 Main After Dinner New and Emerging Water and Gas Shut-off Techniques Naz H. Gazi, SPE Distinguished Lecturer Håndværkerforeningen, Dronningens Tværgade 2A, 1302 Kbh. K. Welltec, Gydevang 25, 3450 Allerød Welltec Chevron May 22 Main Annual Meeting June 20 Main Dinner Seismic Observation and Verification of Line Drive Water Flood Patterns in a Chalk Reservoir, Halfdan Field, Danish North Sea Ole Jørgensen, Mærsk Olie og gas AS Summer party Per Bak, Section Chairman Schlumberger Per Bak, Section Chairman: Chairman Annual Report December 6 Main Dinner Petroleum Reserves Estimates -Where We Have Been, Where We Are and Where We Appear to be Headed Ronald Harrel, SPE Distinguished Lecturer Hotel Adina, Amerika Plads 7, 2100 Kbh. Ø. Hess Maersk Contractors : Ultra Deep Water Drilling Rigs January 16 Main Dinner CO 2 Capture, Storage and EOR - The Weyburn-Midale Story Carolyn K. Preston, Federal Department of Natural Resourses Canada A Generic Offshore CO 2 Injection Pilot Project, Morten Gjetting Stage, DONG Energy DONG E&P DONG Energy February 19 Main Dinner Game Changer: Enabling Global Innovation in Exploration and Production L.P. Roodhart, SPE Distinguished Lecturer Håndværkerforeningen, Dronningens Tværgade 2A, 1302 Kbh. K. Shell March 25 Main Enhanced Oil Recovery - Past and Future Enhanced Oil Recovery - Rock Mechanical Aspects Erling H. Stenby and Alexander Shapiro - Ida L. Fabricius Hellerup Parkhotel, Strandvejen 203, 2900 Hellerup DTU Dinner / Discussion Petroleum Engineering Education in Denmark: Perspectives and Challenges April 23 Main Dinner Lateral variability in chalk based on combined reflection and refraction seismics, nannofossil, cyclo- and chemostratigraphy - News from the Cretaceous Research Centre (CRC) Finn Surlyk and Lars Stemmerik, Department of Geography and Geology, University of Copenhagen GEUS 4 GEUS

Biography Ida Lykke Fabricius is Associate Professor at the Technical University of Denmark. She holds a Ph.D. in Technical Geology (1989). Her research interests include linking technical geology, rock mechanics and rock physics. She is a member of SEG and SPE. Erling H. Stenby is the Director of Center for Phase Equilibria and Separation Processes (IVC-SEP) and since 1996 Professor of Applied Thermodynamics at the Technical University of Denmark (DTU Chemical Engineering). He holds a Ph.D. degree from DTU (1986) where he has been employed for 25 years. He has been a Visiting Professor in France and China. One of his main research interests is EOR on which he has worked closely with many companies and universitites over the years. He has co-authored more than 100 scientific papers and supervised more than 25 Ph.D. students. Helle Foged Christensen received an M.S. (1988) in geomechanics and structural engineering from the Technical University in Denmark. She joined Danish Geotechnical Institute (now GEO) in 1988. She has been involved in consultancy work and research projects on rock mechanics for North Sea chalk and sandstone. She is a member of SPE and Assistant Professor at the Danish Technical University Alexander A. Shapiro acquired his M.Sc. and later Ph.D. from the Moscow Gubkin Petroleum University. Since 1995 he has worked at IVC-SEP (DTU Chemical Engineering). He was appointed Associate Professor in 1999 and has published more than 60 scientific papers and book chapters about equilibria and transport in porous media, including problems of petroleum engineering science and technology. He has supervised several Ph.D. students in this area, in projects sponsored by the petroleum industry. A.A. Shapiro teaches petroleum related courses at the DTU, as well as a course on mathematical modelling. Enhanced Oil Recovery a DTU Perspective Past and Future by Erling H. Stenby Rock Mechanical Aspects by Ida L. Fabricius and Helle F. Christensen The Technical University of Denmark has been active in EOR research for 25 years. With the current level of oil price EOR has become an attractive option many places in the world. The research needed to make EOR happen is now getting increased attention after more than ten years of moderate interest from the industry. Much of what was learned earlier has been forgotten and progress in many scientific fields has opened new possibilities. Some simplification made in the 1980 s are not needed anymore and some of the assumptions made then have turned out to be wrong. At this meeting Erling H. Stenby and Ida L. Fabricius from DTU will give their views on EOR from the past and into the future with a focus on both fluids, flow, and rock properties. EOR requires excellent skills, hard work and not least creativity. Therefore it is appropriate to let creativity be a theme of the evening as well. We have been able to persuade the most creative chef in Denmark through several decades, Søren Gericke, to cook our dinner. The today highly acclaimed Nordic Cuisine was in reality invented already 20 years ago by Søren Gericke, and since then he has refined his cooking by going back to basics. The situation may well be the same for us as we discuss the reinvention of EOR. During dinner the theme will be Petroleum Engineering Education in Denmark: Perspectives and Challenges. This will hopefully be a lively discussion session with the members based on introductory statements from the industry and a short presentation from DTU. Alexander A. Shapiro will present the current and future options for Petroleum Engineering education at DTU. C o p e n h a g e n m a r c h M e e t i n g Tuesday 25 March 2008 Programme 17:00 18:00 Drinks and Poster Session 18:00 19:00 Presentation and SPE news 19:00 Dinner Hellerup Parkhotel, Strandvejen 203, 2900 Hellerup main Erling H. Stenby, Ida L. Fabricius, Alexander Shapiro and Helle F. Christensen EOR Entrance Fee None Registration Please indicate your attendance by 16 March by signing up on the internet: www.spe-cph.dk DTU Please note that the meeting takes place at Hellerup Parkhotel, Strandvejen 203, 2900 Hellerup 6 Søren Gericke is a pioneer chef and larger than life personality when talking Danish food. SPE Copenhagen Section www.spe-cph.dk www.spe.org

What is reliability worth? Photo courtesy of ConocoPhillips It s simplifying your complex completions especially in tough well conditions. Industry Challenge Deploy liner in difficult conditions that require rotating the liner at acceptable circulation rates to mitigate the risk of the well bridging off and the hanger pre-setting a high risk with conventional liner hangers. Halliburton Solution The VersaFlex expandable liner hanger system with hundreds of installations to date and superior liner-top seal integrity has a streamlined design that withstands aggressive reaming or even drilling to depth. System has no external parts such as slips, hydraulic-setting cylinders or liner-top packers used in conventional liners simplifying the complexityof the completion. Customer Benefit Optimized capital expenditure. The robust design of the VersaFlex expandable liner hanger improves rig-time efficiency and helps avoid costly redundant conditioning trips, hanger damage and premature setting. To learn more about how Halliburton puts reliability in action, visit www.halliburton.com/reliability or e-mail us at versaflex@halliburton.com. For further information, contact your local representative at +45 79145426. Unleash the energy. HALLIBURTON 2008 Halliburton. All rights reserved.