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ERE Seminar: TREVOR DEMAYO (Chevron) - "Optimizing Energy Use in Upstream Oil & Gas Operations"
TREVOR DEMAYO | Chevron
"Optimizing Energy Use in Upstream Oil & Gas Operations"
Oil and Gas accounts for about 53% of primary energy use in the world (IEA 2013). The extraction and conversion of those resources to a useful product is relatively efficient, on the order of 85-90% on average. However, as assets mature and “easy” oil and gas opportunities decrease, especially for International Energy Companies, new production will likely require more energy intensive recovery operations. This presents Oil and Gas Upstream (i.e., Exploration and Production) companies with a new challenge to manage their energy footprint to meet environmental, financial, and social objectives. In many cases, optimizing energy use can lead to other operational and environmental co-benefits. This talk will discuss some of the Upstream energy efficiency opportunities being explored in Chevron, including the tools, processes, and strategies being deployed to tackle them and improve overall performance.