Asset Management
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development.
Hydraulic fracturing holds great potential in the region, but there are several key questions worth asking as efforts move forward.
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Low oil prices that forced operators to slash upstream spending budgets has led to the lowest level of discoveries in decades. -
Congress is close to lifting a 40-year-old ban on energy development in Alaska’s Arctic National Wildlife Refuge, but drilling for oil in that frozen wilderness may still be years away as the effort faces exhaustive environmental reviews and likely lawsuits.
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McDermott and CB&I will form a vertically integrated onshore-offshore construction and engineering services provider. Other deals include Jacobs Engineering Group acquiring CH2M and the expected close by year end of the Schlumberger and Weatherford OneStim JV.
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Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades.
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With their newly refined portfolios, operators are looking toward growth in the coming years but will remain cautious given ever-changing industry economics.
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Leaner business approaches have led to guarded optimism in the industry. While no bonanza is yet being trumpeted, the road to recovery appears to be smoothing out for the operators. But what about the oilfield services companies? How are they faring?
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The papers highlighted in this article cover technical assessment of unconventional resource plays, portfolio optimization, and technology development, all very relevant in today’s environment.
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The objective of the complete paper is to present an integrated work flow that can be used to build P90, mean, and P10 type wells, which represent the range of potential outcomes for the geologic subset in an unconventional resource play.
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One E&P company has found that implementing and sustaining a portfolio process require technical solutions and application of best practices for three critical elements: production forecasting, project modeling and economic evaluation, and portfolio management and decision making.
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a holistic view of technology maturation that addresses both technical and nontechnical risks. The definition of success is expanded to include the establishment of successful, commercially viable, and sustainable solutions that meet end-user needs and requirements.
