Richard Seader

Senior Simulation Engineer

Education

B. S. in Petroleum Engineering, University of Pittsburgh

Professional Profile

An accomplished reservoir engineer with more than thirty years of experience including

Work Experience

MHA Petroleum Consultants
(2009 – Present) Senior Simulation Engineer
Performed heavy oil simulation studies for steamflood projects in California. The studies involved large numerical models with hundreds of active wells and many years of historical production/injection.

SI International and Serco-North America
(2005 – 2009) Lead Reservoir Engineer
Skilled in reservoir simulation of IOR and EOR processes. Conducted numerical simulation modeling work on heavy oil reservoir located in the San Joaquin Valley, California involving primary depletion, waterflooding and steamflooding. Familiar with CMG STARS and IMEX simulators. Provided reservoir engineering and economic evaluations to the U.S. Department of Energy concerning finalization of equity interests at the Naval Petroleum Reserve No. 1 (Elk Hills), Kern County, California.

Kuwait KUFPEC
(1999 – 2001)Deputy Manager Far East Region / Chief Reservoir Engineer
Directed team providing engineering, geological, and geophysical expertise to Company's main producing asset in China, and to pursuit of new exploration and production opportunities in region. Led technical and organizational efforts leading to $100MM asset purchase in Pakistan. Supported legal providing review and technical input for all contracts and agreements.

Baker Hughes / Western Atlas
(1996 – 1999) Sr. Staff Reservoir Engineer
Pursued new foreign exploration and development opportunities. Provided exploration and development support for China operations. Led evaluation of Brazilian gas field resulting in partnership proposal to Petrobras. Served as team leader for a Mexican fractured reservoir integrated study.

Venezuela Western Atlas
(1995 – 1996) Staff Reservoir Engineer
Supplied general engineering support for Venezuela and various international projects. Developed integrated study project plans for field with gas and water injection while coordinating gas lift optimization efforts, which increased production nearly 1000 BOPD. Coordinated engineering effort on Venezuela undersaturated reservoir integrated study.

ARCO International
(1989 – 1994) Sr. Staff Reservoir Engineer, Reservoir Evaluation
(1986 – 1989) Regional Engineer, Reservoir Engineering
Primarily responsible for integrated reservoir simulation studies, with emphasis on enhanced recovery and recovery optimization. Promoted quick look reservoir simulation studies that were performed in 1-2 days to 1-2 weeks to provide leveraging input into acquisition, development, and exploration efforts. Optimized the development plan for an Ecuador new field discovery with a strong aquifer. Provided computer mapping support for Iranian field negotiations that gained $130MM settlement to Company. Learned use of the MCS mapping package for this project. Generated development plans, coordinated cost estimating, and conducted economic analysis on 25 exploration prospects for an extensive Indonesia exploration ranking planning study with the subsidiary staff. Calibrated rate forecasts with simple strip models. Adapted an outcrop study of shales to simulator input using a stochastic shale model. Performed simulation of a highly fractured, over pressured, retrograde condensate field in Dubai that allowed company to confidently purchase partner's WI share for $60MM.

Supervised group responsible for reservoir description and reservoir simulation support. Developed strategy for rate allocation in injection and production wells to optimize dry gas sweep in a Dubai field under gas cycling that increased condensate yield by 1000 BCPD. Initiated a full field model study for a China gas field to assist in field development negotiations. Study was instrumental to commercializing field. Successfully converted an idle Dubai dry gas injector to a wet gas producer by quantifying dry gas migration using simulation. Supervised a petrophysical study for an Indonesia carbonate reservoir that developed a new mineralogical analysis technique providing results more in agreement with core data

ARCO – Consultant
(1980 – 1986) Performance Evaluation, Investment Analysis
Conducted special performance evaluation studies including reserves acquisition, leasing strategy, and exploratory discovery tracking. Conducted an exploration effort evaluation for a $1MMM a year exploration program that provided the incentive for upper management to adjust exploration strategy.

ARCO
(1979 – 1980) Staff Reservoir Engineer, Reservoir Engineering
(1975 – 1979) Sr. Analytical Engineer, Reservoir Engineering
(1968 – 1975) Operations/Analytical Engineer
Coordinated preparation of internal domestic reserve report and EIA23 report to the DOE. Developed FORTRAN programs for EIA23 submittal. Participated in DOE field reserve audits.

Developed reservoir description for the Prudhoe Bay field. Served as task force representative on numerous Prudhoe Bay Unit (PBU) technical issues where innovative use of the data helped to negotiate major equity issues. Chaired the Data Acquisition Task Force for PBU, which set up log quality controls, an extensive conventional, bland, and oilbase coring program, and a special core analysis program with all of the Unit owners.

Extensive production engineering responsibilities for reservoir surveillance, workovers, waterflooding, pressure analysis, recompletions, acidizing, log analysis, and economics. Analyzed pressure buildup and interference tests to evaluate Monterey Formation. Designed high volume Monterey mud acid treatments that were conducted from a barge due to limited platform space, typically increasing rates a few thousand BOPD per well.

Professional Memberships

Society of Petroleum Engineers (SPE)