Adapting Flagship Exploration Technologies to New RealitiesThu, 07/01/2021 - 13:25
Q: What role did your products and services play in the industry’s accelerated interest in remote operation, automation and other aspects of the digital transformation process?
A: Beicip-Franlab’s OpenFlow Suite is ready to be adapted in the accelerated remote operation transition, from accessing all our technology through VPN remote access to the implementation of our currently able cloud-based services. In the subject of consulting and training services we have also made significant progress to help our clients remotely in projects and also adapt all our knowledge transfer and training from online remote sessions with significatively good results from 2020.
Specifically with Pemex, from 2020 we started online remote On Job Training (“Aprender Haciendo”) projects and also with remote short training sessions to ensure the complete knowledge transfer.
Q: How far along is PEMEX in its migration to cloud-based services and infrastructure? What are the main obstacles to overcome in this regard?
A: Beicip-Franlab has ready cloud-based technologies to provide to PEMEX, along with technologies and services for our complete OpenFlow Suite platform. The current status and delays with PEMEX implementation are focused on the fact that they need to implement inside the norms and standards of IT policies and regulations regarding how it will be implemented and how it will be adopted, ensuring that they respect the security of their information above their current policies.
The main obstacles could be the plan to complete all the requirements and short time expectations to improve their current internet services that permit constant good internet communication to keep in real time all the applications and projects able for final users in PEMEX.
Q: What are the most important recent updates that your software suite has received? To what needs do they respond?
A: We are promoting our E&P Software Solutions Openflow suite 2021 that covers all our solutions from exploration to reservoir management and that have significant updates this year and will be released in July 2021.
This 2021 release will be, for the first time, supported by FAQ videos for each product, including IT videos for software installation and troubleshooting. These videos will be accessible through the User Area of our website. We will also create Users Communities on LinkedIn for TemisFlow, KronosFlow and DionisosFlow, to start, where we will be able to share news, best practices, examples, and new FAQs as well.
Q: What role is your software suite playing in the development of exploration campaigns authorized by CNH throughout 2020 and early 2021?
A: Beicip-Franlab had developed multidisciplinary technologies and methodologies allowing to define new plays and prospects and to reduce risk in exploration. Our software solutions for Petroleum System modeling TemisFlow or stratigraphic modeling DionisosFlow have become industry standards and are widely used around the globe to evaluate the oil and gas potential of sedimentary basins. They are the tools that allow Beicip-Franlab explorationists to ‘think differently’. Especially in Mexico from 2020 we have focused more on helping our clients in Mexico to implement and use DionisosFlow solutions in exploration, field development and reservoir projects.
Our Beicip-Franlab consultants have a widely recognized experience in regional exploration around the globe. We would also like to highlight that our experts have practical experience in a very large number of basins and plays around the world. This experience is constantly enriched by new studies, incorporating the most recent data and applying new methodologies. It is important also to highlight that our regional exploration studies have gained a reputation for excellence around the world. Our track record includes a large list of oil and gas discoveries made by our customers and successful promotion studies carried out for governments.
Q: What are the most direct, material and concrete terms in which you could express the degree to which you have de-risked exploration for operators in Mexico during the last 12 months?
A: In exploratory matters, the reclassification of prospective resources into reserves and, in production matters, the increase in the recovery factor of the fields. In particular, it is necessary to increase the application of improved recovery methods in mature fields and take advantage of the tools offered by the Energy Reform and inside the operator’s contracts to develop the potential in deepwater and ultra-deepwater, in extra-heavy oil reservoirs and other reservoirs.
To face it successfully, a great effort will be required to increase execution and investment capacity, adopt the best practices in risk management involved in investments, and use the most appropriate technology for the exploration and exploitation of new reservoirs. The adequate exploration and sustainable extraction of hydrocarbons that belong to the nation represents an opportunity for economic development as well as a benefit for Mexicans, since it is intended to expand the energy supply at competitive prices.
Q: How was your demand disrupted by production cuts seen in 2020? What are your views regarding the industry’s recovery both globally and in Mexico?
A: 2020 was a year with significant impact in all subjects. First, as I mentioned, in the production cuts seen in 2020 that affected all the business inside governments and private investments globally, generating a general clear reduction in the planning of budgets and projects negotiated with clients. The impact of the pandemic in 2020 also was a significant influence in the economic global investment, generating also a significant reduction in business. The ongoing increase in oil prices, which have soared by 75 percent since November 2020 and around 26 percent since the beginning of the year, marks a dramatic change from last year and made a significant contribution to the recovery of oil-producing emerging markets.
Beicip-Franlab in general was maintaining during all this critical phase an internal support to maintain the company without significant losses globally and in Mexico to maintain the most strategic plan of business ongoing with our clients. Due to the pandemic issues and the limitations of trips, we solved our logistics with a proactive remote work solution to continue the most important projects.
Q: As the industry adopts a more sustainable approach, where do you see Beicip-Franlab adding the most value to the industry?
A: Beicip-Franlab is working in aligned strategy together with the IFP group in a very new strategy to be involved in a working consulting group that will be supporting our current and future clients inside the Energy Transition focused in developing and accelerating R&D and technology innovation on specific domains related to Energy Transition, starting with a not yet prioritized list that includes: CCU and carbon chain, H2 value chain, energy storage and batteries, Low Carbon Mobility and Connected Mobility, recycling of plastic and petrochemicals, wind tech, grid tech and etc...
The working group is formed at a management level with Beicip-Franlab, IFPEN, Axens and IFP Training from mid of June 2021 and Beicip-Franlab will be working, in addition, together with Axens to attend the needs for E&P and Downstream Consultancy and Technologies. We are starting our Road Map Strategy with some topic like CCUS and CO2, with a Master Plan to pilot, H2 Road Maps and Markets, Green Road Map, Geothermal and its global potential along with a pilot design, decarbonization of E&P operations at both a global and local level, flaring mitigation, emission tracking, updating of petroleum contracts to account for Energy Transition constraints, etc...
Q: Which sectors could attract the most attention in the future (deep-water, onshore, shallow water, mature field, unconventional) and why? What opportunities do you see in Mexico’s natural gas market?
A: Currently we are more focused, due to the current strategies and regulations, in projects related to onshore, shallow water and mature fields areas. We believe that in the future we will continue supporting our clients in Mexico with our experience, methodologies and technologies in all these required areas plus we see special attention in the future to start working inside deepwater and possible unconventional areas where Beicip-Franlab has a successful track record for deepwater and ultra-deepwater offshore exploration in the world’s most active basins and a significant expertise in unconventional resources assessment, exploration and production.
In the subject related to natural gas in Mexico we see significant rapid growth and a continued vertical integration of PEMEX in this subject, in general the natural gas market in Mexico will be attracting international investments and Beicip-Franlab could help with our global experience on this subject to optimize the reserves and production inside this business.
Q: What are the most important aspects of your strategy to maintain steady growth during 2021 and beyond?
A: Beicip-Franlab is always innovating in all subjects related to consulting, methodologies, technologies and Energy Transitions. It is our principal strategy to afford to maintain steady growth during 2021 and beyond, also we are constantly adapting to any crisis that our global clients could have as we did during 2020 with the production cuts and during 2020-2021 with the COVID-19 pandemic, we are ready to afford constant improvements and support our global clients.
Beicip-Franlab is a developer of upstream software and a provider of consultancy services for exploration and production. Its OpenFlow Suite is a package of modeling tools that supports the minimization of exploration risk and recovery optimization.