How navigation fits in a power transition

Low carbon technologies are also needed by geologists

Edge – Simon’s flowers

For more than a century, the search for oil and gas has grown exponentially. The attractiveness of the discovery and its great value attracted not only the geophysics and geologists (like me) to the business, but also entrepreneurs, financiers, and even the unscrupulous.

It is a good thing that the 6 million people who work directly in the oil and gas sector live on the belt of wealth explored by explorers.

Today, the energy transition will cast a huge shadow over future exploration. Survey costs and reviews are a little less than one-third of 2014 and browsing units are constantly declining, some of them closed forever.

COP26 will be harder to navigate, and will join the few who have closed the door.

But even a world at 2 degrees Celsius or below will depend on oil and gas, even on new resources, for decades. New generations of geoscientists need to supply the oil and gas supply and develop some useful new technologies and integrate them into low-carbon energy integration.

I joined the European Association of Geologists and Engineers (EAGE) this week for the annual conference in Amsterdam. After that, Dr. Andrew Latam and I talked about how the industry meets people’s challenges.

First, oil and gas companies must make themselves attractive to young people before they can start their education, work, and make decisions.

The industry as a whole has struggled with the concept of decarbonate and how it should present itself after the Paris Agreement. Most companies now get it, and many have set net zero targets. The proliferation of corporate name changes suggests an understanding of the image problem – there are still 20Th– Feelings about the industry century.

Oil and gas companies, which have a lot of work to do before convincing young people to choose their academic path, have turned it into an ‘energy’ label, not just a problem, but a solution. Essentially, geologists themselves become part of the solution.

Second, geosciences should be added to universities and colleges – these institutions follow the money. In the curriculum, there will be a shift to capital for solid (non-silt) rocks in anticipation of significant growth in transition metals such as copper, nickel, cobalt and iron ore. Avoiding oil and gas exploration will lead universities to focus on courses to deliver the development geologists and production engineers they need to produce.

Third, oil and gas companies must provide geoscientists with fresh and extensive employment opportunities. Who in the early 20’s wants to get involved in a particular profession before the end of the career?

With the declining number of geoscientists focusing on oil and gas, they still have to believe that they can enjoy the most satisfying work by providing the world’s cheapest and cheapest carbon barrels – and they don’t feel ashamed of being in a decent society. . Big Oil and Big Energy still have the financial capacity to attract top candidates.

Then there are the new carbon technologies that geologists are playing a key role in. Geothermal LINK has clear combinations – identifying, digging and stimulating parallel oil and gas skill sets. Majorities have begun to invest, and success in developing new technologies could play a central role in geothermal low carbon emissions.

Carbon Detection and Storage (CCS) could be a great opportunity for oil and gas geologists. CCS works in the opposite direction to oil and gas – CO2 It is thrown into a depleted tank or salt water. Although the role of geologists is closely related to the traditional model – to support well design, to seal and seal water reservoirs, and to better understand the characteristics of reservoirs. Today, the CCS at 50 MT is small, but in our forecast, the annual capacity of 5 to 10 GT could be a huge industry in itself. This is not less than the world’s oil and gas production capacity today.

Underground hydrogen storage (UHS) is another high-growth technology. Hydrogen storage works like methane storage, continuous injection and compressed hydrogen release on demand and on time. The current storage industry is focusing on small artificial salt caves. When hydrogen is built to an industrial level, depleted oil and gas reservoirs and reservoirs, like CCS, are dependent on geoscience. However, the UHS is unlikely to reach the Gigaton scale because each facility will be reused over and over again.

For soft-rock geologists, the curtain does not come down. The discovery of oil and gas, which has captivated many of us in the past, may not have some romantic connection. But the sustainable energy source in which geologists play a key role is crucial.

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