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The next couple of years for the oil and gas industry are likely to be defined by mediocre prices. “It is going to take a long time to get back to the good old days," said Atul Arya, senior vice president of IHS Energy, during OTC.

Transforming and shaping the future of the exploration and production (E&P) industry will be the theme of SPE's first Annual Technical Conference and Exhibition to be held in the Middle East, running September 26-28 at the Dubai World Trade Center.

Of all the attention generated over the opening of the Mexican oil and gas sector to the outside world, one consideration has been largely left out of the discussion: What does it all mean for service companies?

Precise casing-wear prediction is important for improving well integrity and longevity, while simultaneously making casing designs more cost-effective. There are no industry guidelines for casing-wear prediction. This article presents a validated predictive model.

As it has since 1969, the world came to OTC to make critical decisions, share ideas, and develop business partnerships to meet global energy demands.

Presentations at OTC's d5 event included discussion about the impact of industry disruption, the need for innovation, learning from technology failures, and how diversity contributes to success.

For deepwater development, panelists at OTC emphasized the need for scalable technology, the standardization and simplification of projects, patient capital investment in innovation, greater collaboration, and new perspectives coming from outside the industry.

Offshore exploration will be slow to come back as companies have delayed billions in projects through 2020. Exploration projects also must complete for funds with brownfields developments like EOR that potentially provide a shorter time to show a return.

A number of companies are pushing for alternative approaches to offshore development that seek to access marginal reservoirs. Their differing and unique ideas call for a departure from the usual playbook, but share a common goal of slashing capital costs.

Well control is built around huge steel machines, but the future of the business is digital. Data have become a critical asset as operators and service companies work to increase the safety and reliability of their products and operations.