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Confidential – Reproduction Prohibited
History of the Oilfield – Oil 101
A Special Presentation for: Petroleum Equipment Suppliers Association
13 March, 2014
Presented by Steve Jacobs
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Challenge: Developing Infrastructure In Historically Volatile World Regions
Source: James Baker Institute For Public Policy
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Oil Supply and Demand – A Macro View
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Early History of Oilfield Technology
Oil seeps 3rd Century AD
Late 1800’s
Limiting Factors
Whaling industry Oil demand Refining capacity
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1,500 Years of Drilling Technology Progress?
3rd Century AD
Early 1800’s
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End of One Era/Beginning of Another
Hawaii: 1850’s
Early Refinery
Snake Oil Salesman
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Important Milestones in Petroleum
1853 Drake Well - 1859
1878 1880’s
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Modern Era of Petroleum Industry
1901 – Spindletop TX 1859 – Drake Well - PA
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“Necessity is the mother of invention.”
-- Plato
Oilfield Technology Edict
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Howard Hughes Bit – 1908
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Invention of Blow Out Preventor (BOP) – 1922
1922 1910
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National Petroleum, Coffeeville, Kansas - 1911
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Alexander Grigoryan – First Mud Motor and Multilateral – 1953
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How Major Service Companies Started
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California Pier Drilling
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Drill Bits – 1908 and Present
Hughes Bit
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Wireline – 1912
Conrad & Marcel Schlumberger
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Subsea Equipment – 1967
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Logging While Drilling – 1978
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Top Drive Drilling Systems – 1982
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Geophysical Surveys
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Drilling Rigs
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Hydraulic Fracturing
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NASA Used Oilfield Bit Technology to Drill on Mars
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Macondo Tragedy - 2010
Before After
20 April, 2010
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The Shale Play Revolution Has Changed the World
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Safety Issues – Texas Upstream in 2012 (Latest available figures)
65 Fatalities in Texas!!
13 Fatalities in the Eagle Ford!!
Some operators are being
“overwhelmed” by contractor activity
One oil company said floor hand turnover rate is around 50%!!
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Pending Manpower Shortage – Almost Here
Questions?