News

New job listings on the PGK jobs page

Tuesday 19 September 2017

EBN has job openings for:

Trainee Geoscientist

Trainee Reservoir Engineer

Geoscientist

Go to the jobs page for the links

Ruhrgebiet Field Trip Open For Registration

Saturday 9 September 2017

If you would like to join the field trip please follow this link to register:

PGK / AAPG YP Ameland Trip Programme Announcement

Monday 21 August 2017

If you are going to Ameland wih the YP's 7-9 September, check out the programme here or download from the YP page (below the field trip information)

Sponsors

Upcoming Events

lecture
drinks

lecture · drinks

Wednesday 4 October 2017  18:30 - Wednesday 4 October 2017  

PGK/AAPG YP Wiekert Visser From specialist to generalist

The Young Professionals section of the PGK-AAPG is pleased to announce our next event for petroleum geology students and young professionals: Wiekert Visser (Independent geoscientist, former professor at GUtech Oman and former Shell) will be sharing his experiences in his talk titled "From specialist to generalist", in combination with examples of beautiful geology from Oman.

Please see the YP pages for the abstract:

We invite you to join us for the lecture at the Shell offices in The Hague, followed by drinks (first few are on us!) in the Sherlock Holmes pub, a short walk from the lecture venue.

Note that this event is free, but to access the venue, you need to pre-register by confirming your attendance here or via an email to YP@PGKNET.NL. You will also need to bring your ID.

Location

Shell HQ
Carel van Bylandtlaan 30
The Hague
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excursion

excursion

Friday 6 October 2017  08:00 - Saturday 7 October 2017  

Carboniferous in the Ruhrgebiet

Organiser: PGK
Guide: Manfred Brix (Ruhr University Bochum)

To register please follow this link

lecture
drinks
meeting

lecture · drinks · meeting

Wednesday 18 October 2017  17:00 - 19:00

PGK Lecture: Edward van Riessen – How to make oil price forecasts?

In 2014 several people in the hydrocarbon business told me the oil price would never again drop below 100$/bbl. Some of them now have to live with unprofitable projects because of this belief. The reasons why I did not agree with them at the time generally still apply. They will form the core of this lecture.

Oil price forecasts are used by oil and fuel traders, airlines and other energy related industries, but the E&P Industry is special, since it requires long term forecasts for project economic evaluations. Let us first review the past, to understand the reasons for oil price fluctuations. From the oil price record we can learn that the price is cyclic, with 5-10 year cycles. Changes are driven by world economic up- or downturns, political events (e.g. the start of the OPEC in 1973) and wars. Especially wars that affected the Middle East and temporary supply restrictions dictated by OPEC caused sudden large price increases. Emotional behavior of traders tends to amplify the change. There have not been shortages of global oil reserves, but the fear of running out of oil has driven the price up at several occasions (e.g. Club of Rome, "Limits to Growth" 1972: peak oil scenario). With the present consumption of 90M bbl. / day, the global reserves will last some 60 years. New plays, enhanced recoveries and efforts to conserve energy will increase the time reserves will last. Apart from the mentioned triggers for change, supply and demand have dictated the price over time. There is a balancing system: when the price drops, E&P companies will limit investments in order to maintain a profit. Global rig count is a good measure for E&P activities: it dropped in 2015 from 3500 to 1500. As production of oilfields declines with time, the global production capacity will hence decline as well at a rate of 2-3%/year, without additional drilling and development activity. This is currently happening. After a few years of excess production, supply and demand are now about in balance, but production capacity is likely to decline further. As soon as the excess stocks, currently estimated at 1 B bbl., have been depleted, the price will go up again.

Having analyzed what is likely to happen in the short term, we need to have a look at the longer term future: the next 10-30 years. Extrapolating past growth, global demand for oil is likely to increase with almost 1% per year. However, will other factors influence the demand such that we will see a peak demand scenario? Some of these factors are: 1. The declining share of oil used for power generation. 2. The increasing application of renewables for power generation. 3. The change from fuel engines to electric engines for cars. 4. The efforts to reduce CO2 emissions. 5. The stabilizing political situation in Iran, Iraq and Libya, allows an increase of oil production from these countries, and hence global supply. An attempt will be made to illustrate how one can analyze and use this information to make long term oil price scenarios.

Location

KIVI
Prinsessegracht 23
2514 AP
Den Haag
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lecture
drinks
meeting

lecture · drinks · meeting

Wednesday 1 November 2017  18:30

PGK/AAPG YP Allard Martinius (Statoil)

excursion
external event

excursion · external event

Friday 10 November 2017 - Saturday 11 November 2017  

Sedi Kring Excursion: Bentheimer Zandsteen

Organiser: KNGMG Sedimentologische Kring
Guide: Harmen Mijnlieff and Rory Dalman (TNO)

We are pleased to advertise a two day trip to study the Bad Benthheim sandstone, organised by our KNGMG sister organization the Sedimentologische Kring.

For more details and registration instructions (in Dutch) follow this link. To read the new concepts to be discussed (in English) click here.

lecture
drinks
meeting

lecture · drinks · meeting

Wednesday 15 November 2017  17:00 - 19:00

PGK Lecture: Gerhard Diephuis – There is more in and about salt than meets an oilman’s eye

Abstract

Magnesium rich minerals are being exploited by NedMag in the North of The Netherlands, around the town of Veendam. These salts have been discovered during appraisal and development of giant Slochteren gasfield. A considerable research effort has been made to elucidate parameters that determine deposition of such high-soluble evaporites. About two years ago, seismic inversion has been applied on the 3D dataset, owned and imaged by NAM. The interpretation and some rock physics modelling led to much improved insight into the possible occurrences and internal geometry of Bischofite-rich sequences. Uncertainties will be discussed prior to conclusions.

NAM is acknowledged for the seismic datasets, NedMag for its cheerful support and RWTH
(Aachen) for its effective and pleasant cooperation.

Location

KIVI
Prinsessegracht 23
2514 AP
Den Haag
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excursion

excursion

Friday 17 November 2017

PGK One Day Excursion - PGK goes Geothermal - Trias Westland

Organiser: PGK
Guide: Floris Veeger, Marco van Soerland (Trias Westland)

    More details and registration information to follow. We will visit an active geothermal drill site and discuss:

    • New (live) drilling to 4 km
    • The Triassic challenges
    • Greenhouse culture and technology