Completions
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Intelligent completions could improve many of the world’s oil and gas wells, but not all are suited to the technology. There is another option.
Casing deformation has emerged as a major challenge in China’s unconventional oil and gas fields, prompting the development of new solutions to address the issue.
The US supermajor is using one of its lowest-value hydrocarbon products to generate double-digit production increases in its most prolific US asset.
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The Alberta government has announced a new liability management framework aimed at expediting the cleanup of orphan and inactive well sites, signaling a more active approach to reclamation and management of those sites. -
Weatherford will embed INT’s IVAAP framework into the Weatherford Centro digital well delivery software, advancing its data-visualization capabilities.
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ExxonMobil is reluctant to join other big oil companies writing down the value of their reserves. It could chop its reserves by 20%, but it has not made a final decision.
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A multizone water-injection project has ultimately proved a method of using intelligent completion interval-control valves in place of traditional sand-control completions in soft sand reservoirs.
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The forces of low oil prices and new efficiency trends are converging to remake the US pressure-pumping business into one that can complete more wells with less horsepower than ever. However, that might also mean service provider margins remain low for much of this new decade.
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The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year.
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Why stimulate horizontal wells one by one when they can be done two at a time? The largest pressure-pumping company in the business says it might even be possible to complete three wells at once.
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The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers.
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A lot about the blowout preventers used for offshore drilling has changed since Macondo in 2010, but the essentials remain. This evolution serves as a case study on why some oilfield technology is hard to change.
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In an era where capital markets are hitting the brakes on funding the US shale sector, operators have increasingly pivoted from production growth to maximizing the rates of return via lower-cost wells.
