Hess
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The trend in fracturing designs has been longer stages with more perforation clusters, which save time and money. But there are a couple of companies testing whether shorter is better for production. -
The Pickerel-1 well encountered 90 ft of high-quality oil-bearing Miocene reservoir and will be tied back to the Tubular Bells production facilities.
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With global decommissioning activities forecast to reach $100 billion through 2030, early planning for it could go far in helping to minimize risk and associated costs.
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From refracturing old wells to ones that don’t have to be fractured at all, notable producers argue that experiments are paying off.
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Additional wells are planned for the GOM field in 2023 and 2024.
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The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.
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The operator believes the region has high potential for multiple hub-class targets.
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The discoveries bring the total number of its finds offshore Guyana to more than 25.
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The second plenary session at URTeC this week highlighted the stark reality of both knowns and unknowns oil companies must face in the race to a carbon-free future.
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ExxonMobil and its partners now believe they have discovered 11 billion BOE.
