offshore

With exploration in harsh environments and consequent high-pressure and high-temperature conditions, calculating reservoir properties has become complex and changes in pressure-transient response need to be understood and appreciated by taking appropriate measures.

The Hadrian-5 prospect in the US Gulf of Mexico was drilled in approximately 7,000 ft of water as one of the first Gulf of Mexico wells drilled after a deepwater moratorium was imposed after the Macondo disaster.

The Goliat field will be the first offshore oil field in the Barents Sea and the world’s northernmost offshore oil field.

We all know that things have changed significantly for offshore drilling and completion in the last 3 years. Regulations have been reviewed, and operational procedures and requirements have changed.

This article focuses on offshore opportunities globally and identifies the hot spots of activity. It also examines some of the key issues facing the sector and the energy supply chain, such as the need to maximize oil and gas recovery from challenging environments, to innovate, and to reduce costs.