tight oil
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In striving to boost production of shale gas and tight oil, China is trying enhanced-hydraulic-fracturing technology and real-time data analysis in the Sichuan shale basin. In Daqing’s tight-oil fields, an alternative fracture-completion strategy and post-stimulation flowback technology has been tested. -
With only around 30 installations worldwide, ADNOC’s onshore team has seen enough results from its first “fishbone” stimulation to embark on a 10-well program that will decide a full development scheme.
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Production data from the oldest horizontal wells in the three largest oil plays in the US show that annual decline rates remain relatively high for a long period of time. This challenges assumptions held about production after 5 years and directly affects reserve and ultimate recovery estimates. -
The agency updated its methodology and production volume estimates to factor increasing production from new, emerging plays as well as older plays that have rebounded thanks to drilling advancements.
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Russia has looked to the east to find more oil and gas, growing markets and investor support, allowing it to shrug off the global slump and trade sanctions.
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Dubai Petroleum embarked on a new mission last year to drill and complete its first multistage, hydraulically fractured, and propped horizontal well from an offshore platform.
