A little about me that post on “FRACTIONAL FLOW”
NAME: Rune Likvern
AGE: Grown up
Holds an MSc from Norwegian University of Science and Technology (NTNU), 1980, Marine Technology.
20 years of experiences from several international oil companies, primarily Statoil inclusive management and encompassing major process components, site supervision, field developments, area studies, exploration economics, value chain analyses, technical and commercial responsibilities for natural gas logistics related to Troll Gas Sales Agreements (TGSA).
This was followed by independent consultancy involving establishment of databases for profitability/cash flow analysis, development of production forecasts, portfolio evaluations for oil/gas fields on the Norwegian sector of the North Sea. Gradually increased focus on global energy (primarily oil and natural gas) supply/demand analysis.
Had a sabbatical from 2007 to join full time informal studies and group discussions to improve insights, understandings and interrelations of resources in general and energy in particular, society, macroeconomics, politics, biology/psychology/sociology.
2009/2010 VP (oil/gas demand, trend analytics) for a New York based energy hedge fund.
Have amongst other tasks also carried out profitability analysis for several US shale gas projects like Haynesville and Horn River feeding LNG plants.
Post the Global Financial Crisis (GFC) and in cooperation with other acknowledged experts focused on the interrelations of debt, Gross Domestic Product (GDP) and energy and themes like energy companies, prospects for production changes, cash flows, debt and debt carrying capacities.
Debts/credits have for decades played and will continue to play a major part in the near future and will thus also affect future energy supply/demand issues.
In the fall of 2010 several of the group members had started to see the outlines of what we internally and informally referred to as …”The End Game”.
I am presently looking for gainful opportunities. I am ready to undertake research, studies, analysis, presentations, participate in projects and other in accordance with prior agreements. The blog hopefully presents some of the areas of expertise.
(I am mobile according to prior agreement.)
CONTACT [Email address]
Spam protected email address: rune [dot] likvern [at] gmail [dot] com
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WHY ”FRACTIONAL FLOW”?
Throughout the years and in several professional discussions/studies involving conventional oil reservoirs, it became clear that one of the world’s foremost experts in these discussions used the nick name Fractional Flow. Fractional flow as a reservoir phenomenon have great influence on oil reservoir behavior/productivity as the reservoir approaches depletion.
The chart at the left shows the principle of “fractional flow” by a simplified schematic. With increased water saturation in the reservoir there will be a point where only water is mobile and an (watered) oil well becomes a water well.
The term “fractional flow” may also aptly describe what happens within an economy if credit dries up and delays transactions or make these come to a halt.
Credit acts very much like a lubricant that makes an engine run.
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