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Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.

To survive in the current low-price environment, exploration and production (E&P) companies must better handle the complexities inherent in their projects through practices that promote capital effectiveness and collaboration.

Electrical submersible pump (ESP) systems are critical to achieving the maximum production rates and reservoir pressure drawdown that improve ultimate recovery. But variable volumes of gas in unconventional wells can pose challenges for performance of the ESP.

Despite the recent market conditions during the last year, our industry continued to demonstrate further advances in the monitoring and surveillance field and to attest to the added value provided.

Because the uncertainty analysis is complex and time consuming, in this paper, a stochastic representation of the computer model, called an emulator, was constructed to quantify the reduction in the parameter input space.

Rising demand for flowback technologies to reduce uncertainties is leading to the creation of more hydrocarbon and water tracers. These chemical-based tracers may play an important role in the shale industry’s effort to come up with more cost-effective fracture designs.

With the easy conventional oil in Argentina having been produced, one remaining way to find new oil in existing fields is to convert fields from primary or secondary production to secondary or tertiary production, respectively.

A RPSEA project identified the gaps in technology that are the most pressing for multiphase-flow measurement.

A new proppant exhibits a neutrally wet surface, which does not have a preferential affinity for oil, gas, or water and therefore will not promote the preferential entrapment of any phase within the proppant pack.

Hydraulic fracturing exerts transient geomechanical forces near the wellbore, enabling a brief time interval in which a second hydraulic fracture can be created in a different direction.