brownfields
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After suffering a 2-year delay and unexpectedly large cost overruns, the Norwegian oil and gas field is expected to produce for 20 more years.
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The complete paper describes a tool developed to evaluate and characterize thin beds or laminations in a mature offshore field.
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The amount of oil and gas resources approved for development last year surpassed 20 billion BOE, the highest level seen since 2011. Telltale signs have emerged that we are entering a new offshore investment cycle.
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Fields in the Upper Assam-Arakan Basin have been studied intensely to find prospective sweet spots, perforation intervals for new wells, and potential workover candidates. These forecasts, guided only by dynamic-numerical-model results, have had mixed results when implemented in the field.
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In this paper, an integrated work flow is proposed for brownfields where oil production is driven mainly by water injection. Produced-water salinity plays a key role, acting as a natural tracer and, thus, helping avoid additional costs for new data acquisition.
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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.
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The case for focusing on boosting recovery from older fields in a depressed drilling climate is compelling. At a breakfast session during IHS CERAWeek on squeezing more oil from brownfields in a low oil price environment, panelists discussed today’s improved field recovery capabilities.
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Project management is one way to keep an eye on the big picture. Focusing on the little things too can increase your bottom line. The complexity of modern facilities construction projects necessitates a cradle-to-grave approach to managing projects over long periods of time.
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