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Amarjit Bakshi

Amarjit Bakshi

Refining Hydrocarbon Technologies LLC, USA

Title: New developments in oil and gas production and future developments

Biography

Biography: Amarjit Bakshi

Abstract

Major advancement in oil and gas production has been in horizontal drilling for the last 25 years; other advancements have been in shale fracking which has released major oil and gas from tight formation. Though with the technologies we have, the recovery is 25 to 55 of the original oil in place (OOIP). With new technologies it is possible to recover 80 to 90 percent of OOIP. Shale fracking and horizontal drilling has revolutionized the fossil fuel and energy industry affecting the petrochemicals and refining industry profits. Shale fracking is coming to Argentina, Brazil, Poland, Slovak Republic, India and with all the Shale formations in China, it has the biggest potential. What is needed is new technology and looking outside the box; also in some countries geology and terrain is difficult. Hydraulic fracking with horizontal drilling might not work in Poland and other options like RHT technology is one of the option to provide solutions. Development of hydraulic shale fracking in USA for gas and oil production has brought major advantages to petrochemical industry with cheap gas to the steam crackers. This has increased the profit of petrochemical industry by reducing ethylene feedstock for petrochemicals. USA is now the net exporter of the gas and couple of terminals for LPG export have been built. With the low gas prices in USA, most of the shale fracking operators are working on wells which provide gas/oil, enhancing the economics and oil production more than it is in Saudi Arabia. The oil and gas industry is going through major shift; however, it does not mean end of oil and gas industry but changes are expected in major ways. Small amount of the energy market share is taken by alternate energy (wind mills, solar panels and alternate fuels, ethanol and biodiesel). Energy efficiency will impact the supply and demand.

Recent Publications

  1. Sahoo B B and Sahoo N and Saha U K (2009) Effect of engine parameters and type of gaseous fuel on the performance of dual-fuel gas diesel engines—a critical review. Renewable and Sustainable Energy Reviews, Elsevier 13(6-7):1151–1184.
  1. Korakianitis T, Boruta M, Jerovsek J and Meitner P L (2009) Performance of a single nutating disk engine in the 2 to 500Â kW power range. Applied Energy, Elsevier 86(10): 2213–2221.
  1. Baiju B, Naik M K and Das L M (2009) A comparative evaluation of compression ignition engine characteristics using methyl and ethyl esters of Karanja oil. Renewable Energy, Elsevier 34(6):1616–1621.
  1. Saravanan N, Nagarajan G, Kalaiselvan K M and Dhanasekaran C (2008) An experimental investigation on hydrogen as a dual fuel for diesel engine system with exhaust gas recirculation technique. Renewable Energy, Elsevier 33(3):422–427
  2. Saravanan N, Nagarajan G and Narayanasamy S (2008) An experimental investigation on DI diesel engine with hydrogen fuel. Renewable Energy, Elsevier 33(3):415–421.