Transworld Technologies Inc. Bioengineered Enhanced Oil Recovery EnerCom Tech & Innovation Day August 17, 2017
Transworld Technologies and BioEOR Growing Enhanced Oil Recovery technology company based in Golden, Colorado Technology is proven in the field to result in increased oil production Numerous patents protect our technology, and…
Bioconversion is a natural process of the carbon cycle Source: Woods Hole Oceanographic Institution 3
BioEOR Technology Improves economics and extends the lives of mature waterfloods BioEOR accelerates the natural process of bioconversion already alive in many oil reservoirs Sampling and DNA sequencing identifies resident microbes in…
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Bioconversion of hydrocarbons to methane Diverted water contacts unswept oil 6
Bioconversion of hydrocarbons to methane New displacement increases oil cut, and oil production 7
BioEOR Impact on Oil Production 100 200 mbo incremental oil expected on typical 300 BOPD oil field Incremental oil Plateau: the waterflood is now exposed to more of the reservoir Ramp-up: the swept zone is expanding Oil…
BioEOR Project Returns 50 WTI 30 net after royalties and costs, 3 7x return and payout < 18 months Incremental Cash Flow (Upside) Incremental Cash Flow (Base Case) 8.0 7.0 6.0 5.0 Cash Multiple of Project Cost 4.0…
Evidence of BioEOR in the Field BioEOR pilot project: Ardmore Basin, Oklahoma Drilled 1940s, waterflooded 1960s, shut down 1980s No modern well logs; one core; no seismic data of any kind Re-developed for renewed waterflood…
Ardmore Basin, OK Pilot Project Oil Cut Increased 10.0 3 years after first BioEOR injections, oil cut was 1.3%, vs 0.5% on the baseline trend Production (BOPD or BWPD or % oil cut) BioEOR: oil cut has 8% annual decline…
Ardmore Basin, OK Pilot Project Water production stayed on trend, even as oil cut increased 100.0 10,000 Production (BOPD or % oil cut) 10.0 1,000 Production (BWPD) 1.0 100 Injection of Injection of activators and…
Evidence of BioEOR in the field Post BioEOR tracer studies prove that the swept zone has expanded Post BioEOR injection: Tracers take longer to travel from injection wells to producing wells, indicating a larger swept zone Tracers…
Identifying Commercial BioEOR Projects Operations and Biology screening Operations: Is the waterflood successfully displacing oil o Is water still being injected, at good volumes o Will field operating economics support field…
Identifying Commercial BioEOR Projects Data needed to confirm application Production and injection data o Monthly volumes, by well, since inception o Good ongoing measurement of performance at the well level (monthly tests) o…
Transworlds testing and research laboratory in Golden CO DNA sequencing Custom formulation Response confirmation Project Monitoring & Evaluation 17
Deploying BioEOR in the Field Temporary skid-mounted facilities This skid-mounted unit is a 20 ISO can attached to a rigid steel base 18
Deploying BioEOR in the Field Temporary skid-mounted facilities The skid is insulated, and has secondary containment installed inside the unit 19
Deploying BioEOR in the Field Temporary skid-mounted facilities The skid is located in an unclassified spark hazard area on the site Power supply to the skids BioEOR pump is via a relay also serving the main waterflood injection…
BioEOR as an Opportunity for Waterflood Operators Talk to TTI to Sample for BioEOR Confirmation BioEngineered Enhanced Oil Recovery is appropriate for deployment in many mature waterflooded oilfields Safe and cost effective option…
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Bioconversion of hydrocarbons to methane The natural process Chemicals for cells from water Organic Bioconversion Methane Molecules 23
Bioconversion of hydrocarbons to methane Assessing the natural process in the reservoir Lab studies employ DNA sequencing to identify microbes already present within an oil reservoir, which also identifies their biochemical…
Bioconversion of hydrocarbons to methane Accelerating the natural process to produce more oil Supplemental chemical activators are injected Organic Flow Bioconversion Methane Methane bubbles Molecules Diversion…
Bioconversion of hydrocarbons to methane Accelerating the natural process to produce more oil Injecting the activators via the ongoing waterflood stimulates the microbes, who create methane gas as part of their natural life…
Bioconversion of hydrocarbons to methane Accelerating the natural process to produce more methane Oil globule is trapped, with 35% Sor water moving 25m around it Oil globule is slightly degraded and reduced in volume 5m Bubbles…
Evidence of BioEORs effectiveness in the field 1: Injectivity of waterflood will be slightly reduced Ardmore Basin field trial: 12-2W injector 3.0 2.5 2.0 Injectivity (bwipd/psi) 1.5 1.0 0.5 0.0…
Evidence of BioEORs Effectiveness in the Field 2: DNA Sequencing prove changes in the microbial society 2 years of DNA sequencing data shows that the microbial society living in the reservoir has changed, and species involved in the…
Evidence of BioEORs Effectiveness in the Field 2: DNA Sequencing proves changes in the microbial society 2 years of DNA sequencing data shows species involved in the bioconversion of oil have become dominant altered demographics of…
Ardmore Basin, OK Pilot Project Heterogeneity caused variation in response times at individual wells 10000.0 1000.0 A: 12-1W 12-12W Injector 12-8W 13-4W A B C 13-1W Production (BOPD or BWPD or % oil cut)…
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