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The five top offshore producing nations produce 43% of all the oil offshore.

If crude prices, rig counts, and tight oil production demonstrate a stronger upward trend in the months to come, US shale operators may find themselves with more produced water than they bargained for.

The oil and gas sector is an area primed for transformational development of its operations through new digital infrastructures, GE’s CEO said in an address to technological developers and company partners.

With declining trends in production and dwindling reserves for a 35-year-old offshore field, the Samarang Redevelopment Project was initiated with a vision toward implementing integrated operations as an asset-management decision-support tool.

Visualization technology has played a key role in reducing operational expenditure (OPEX) and improving collaboration, thus maximizing uptime across the industry throughout the asset life cycle.

In order to meet short- and medium-term expansion goals as well as ensure a sustainable long-term future, an operator has recently embarked on several greenfield and brownfield developments. These involve several megaprojects running in parallel with different teams.

This paper presents approaches for proper risking of uncertain recoverable volumes for an unconventional resource, taking into account the chance of false positives from appraisal-well information.

An Excel-based tool was developed that uses cubic-equation-of-state (EOS) and thermodynamic electrolyte-chemistry modeling to assess sour-production streams.

The optimization algorithm used in this work is a hybrid genetic algorithm (HGA), which is the combination of GAs with artificial neural networks (ANNs) and evolution strategies (ESs).

As an operator approaches the end of a field’s life, the remaining value may lie predominantly in a low-cost decommissioning delivery coupled with some upside value from the retention of critical infrastructure to enable maximum regional resource recovery.