Karsten Olsen

Senior Consultant at Saudi Aramco Base Oil Company-Luberef

Jeddah, Makkah, Saudi Arabia

About

I am a results-oriented professional engineer with 19 years of experience in reservoir, exploitation and petroleum engineering in the oil and gas industry. I have enjoyed the opportunity to work a wide range of assets from heavy oil/unconventional (tight/shale/CBM) gas in Western Canada to conventional gas and light oil plays in Middle East. While possessing a passion for excellence in technical engineering work, I have also developed valuable experience in the economics and business development side of the industry through previous area-based asset exploitation roles. My future goals span both technical and business-related aspects of the industry,with particular emphasis in opportunities with international exposure. Of keen personal interest would be a varied role that allows me to consolidate my education and professional background, expand my knowledge and provide opportunities in both technical and business development/new ventures arenas.

Experience

  • Senior Consultant at Saudi Aramco Base Oil Company-Luberef
    Jan 2020 - Present · 6 yrs 6 mos

    Provide PDD asset teams with advice and guidance on Petroleum engineering activities that directly impact company’s short and long term field development plans and day to day activities. These roles include but are not limited to: - Lead and guided work processes in implementing two different projects namely:  - Integrated Asset Operations Model, IAOM, (commercial system used, iDO, Intelligent Daily Operations)  - Integrated Reservoir Management (IRM) as managed and guided by mother company management by being asset focal point in coordinating, ensuring the progress and reporting to the OPCO and corporate management through presentations, reports and sharing knowledge sessions involving other OPCO’s as well. - Continued promoting smart field systems (FDIS, iDO, CWE…) though continues update follow up and enhancements in all petroleum and reservoir engineering related aspects to increase systems efficiency and thus profitability with concentration on special areas of expertise namely: - Well, reservoir and network performance and deliverability  - Production/Injection monitoring with respect to target allowable and reservoir management guidelines while respecting HSE and integrity - VRR automation in iDO for all reservoirs where we have injection and integrating data using real time systems from FDIS - Continued training and mentoring of young professional staff and sharing knowledge and expertise with senior engineers (SPE/SRE) through petroleum engineering academy organized by ADCO and Subsurface Forum from OPCO’s (example DOF, digital Oil field organized by other OPCO’s).

  • Senior Petroleum Engineer at JKX Oil & Gas
    Sep 2010 - Dec 2019 · 9 yrs 4 mos

    JKX Oil & Gas develops and manages the Group’s upstream interests in oil and gas exploration and production in Middle East, Europe and Canada. JKX Oil & Gas is expanding their Middle East upstream portfolio and aim to invest in ventures in onshore and offshore oil and gas. Provide specialist advice to the PDD teams and PDD management in the company.  This includes highly specialized and unique expertise in most of petroleum engineering areas: well completion and design, stimulation, well and system performance, artificial lift, rig less operations and coiled tubing applications, corrosion, scale and metering. - Advise on quality control monitoring tools to ensure adherence to recognized industry and company standards. - Perform production optimization activities to ensure reliability and optimum well performance. - Participate in project technical review and review proposals to ensure efficient/economic operations. - Champion new technologies aimed at improving well productivity and streamlining efficiency. - Proficient in PE software applications, including: flow simulation, tubing movement, nodal analysis, PTA and production surveillance. - Proficient in well, reservoir and surface network modelling using almost all commercial software packages in the market (prosper, WellFlo, Mbal, ReO, GAP,..Saphire, WellTest) for both natural flowing wells as well as gas lifted ones and Microsoft application (Office) for databases development. - Carry out medium and long term technical studies aimed at meeting well requirements and enhancing efficiency in the areas of well technology, surface facilities, feasibility assessment and field pilot, test/projects.

  • Senior Reservoir Engineer at NuVista Energy Ltd.
    Aug 2005 - Jul 2009 · 4 yrs

    Experience with Creating Offshore Field Development Plan Special International Assignment, "Phenomenological Study of the Effect of Retrograde Condensation on the Production.  Personally in charge of: Creation of a dynamic simulation models from the existing geological model -Upscaling to multiple different resolutions -Quality check and model selection -Kv/Kh sensitivity -Revision and the relative permeability curves from lab data and preparation for simulation -Review and adjustment of the equation of state  -Improvement of basic match -Significant surface tension adjustments -Compositional changes with depth Match of multiple Drill Stem Tests, including velocity dependent relative permeability curves and non-Darcy flow at multiple flowrates. Demonstration of the formation of the condensate ring with time and distance from the wellbore Calculation of reserves, including all velocity and banking effects, with variable abandonment pressure. Demonstration of the effect of well rates, injection and gas cycling on productivity and reserves in the presence of condensate banking. Determination of the effect of inclined wells on productivity Identification and documentation of many improvements to be made in ECLIPSE to improve condensate banking modeling -Creation of custom visual basic algorithms to achieve project goals on time0 Recommended an alternate field development plan, with 46% predicted increase in Net Present Value.

  • Operations Engineer at CB&I
    May 2001 - Jul 2004 · 3 yrs 3 mos

    Held full responsibilities of regular asset activities including monthly production forecasts, quarterly reserves revision, simulation for new opportunities studies and management through water injection strategy, TCM and Annual Working Program & Budget presentations and CoP preparation. Performed a complete development study for Lowry & Knox gas fields including dynamic model building, uncertainty and sensitivity analysis, WTA, SCAL and PVT analysis, with the estimation of production profiles and reserves. Completed a full MBAL study of the South field to evaluate drive mechanisms and production allocation. Review of the annual reserves and production profiles of non-operated assets  Carried out simulation for history matching and prediction, with model updating and optimisation for field monitoring, surveillance and management. Completed a set of production profiles for a new well proposal, including parametric reserves calculations and uncertainty analysis. Performed a MBAL study which helped to identify drive mechanisms, review production allocation and generate production profiles using GAP. Prepared a full technical evaluation of two new Oil and Gas discoveries for field development strategy, field management, uncertainty analysis, production profiles and reserves estimation. The study was performed using reservoir simulation and integrating different sources of data including analysis and interpretation of well test and PVT data.

  • Reservoir Engineer at Baker Hughes
    Mar 1998 - Apr 2001 · 3 yrs 2 mos

    Worked as reservoir engineer conducting reservoir simulation studies (Both black oil and compositional). Using Eclipse and Sure simulators. - History match mature fracture multi reservoir oil field in dual porosity / dual permeability mode.  - Determination of Minimum Miscibility pressure, using slim-tube experiments simulations. - Conversion black oil models to compositional. - Run sector models. - Used compositional model to evaluate miscible gas injection EOR process in giant oil field and using the model for future forecasting/optimization of the process. Optimization includes defining optimum amount of injected gas, defining when to blow-down the gas cap, and targeting water flooded zone for tertiary EOR process. - Run material balance calculation using MBAL software. This includes complicated reservoirs with multi connected reservoirs. - RFT interpretation and fluid contacts determination by integration RFT and logs.  - Liaise with petrophysist in determining n,m, and Rw values to be used in log interpretation.