Asset Management
Operators struggle to understand proppant placement beyond the fracture, and that’s the information that could be the key to boosting EUR.
High-risk, high-reward projects focused on stimulation, enhanced recovery, and field-scale deployment are eligible under the DOE’s new UNLOCK initiative.
Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
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The latest updates on the North American shale sector’s efforts to consolidate and restructure. -
Equinor plans to cut its global exploration staff by 30% in the next 3 years and plans to drill 30–40 wells globally this year. Ongoing labor strikes have led to the operator shutting in four of its platforms.
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Bringing the Heat: Aramco Field Tests High-Temperature Chemistry To Slash Tight-Gas Completion CostsSaudi Aramco and university researchers are experimenting with a thermochemical fracturing fluid that aims to eliminate more than half of the pumping horsepower typically required to complete horizontal wells.
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Though shelved by low oil prices, the plan to execute the largest enhanced oil recovery program of its kind offers insights into what it may take for the shale sector to escape pilot mode and scale up gas huff ’n’ puff operations.
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Extending and transferring the high-temperature capabilities of existing E&P technologies could make geothermal energy development possible—and scalable—anywhere in the world.
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A recent round of funding which raised $18 million positioned ReconAfrica to proceed with drilling and seismic programs for the Kavango basin in Namibia, said CEO Scot Evans.
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Total resigned its operator role for five exploration blocks located in the Foz do Amazonas Basin, 120 km offshore Brazil.
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Petrobras will sell its stakes in 27 onshore exploration and production concessions located in Espírito Santo, called the Cricaré Cluster, to Karavan SPE Cricaré SA, a specific-purpose entity (SPE), for $155 million.
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CGG began a multiclient 3D survey in the Northern North Sea to provide a second azimuth over its existing Northern Viking Graben (NVG) multiclient 3D survey and extend into open acreage on offer in the UK 32nd License Round.
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Apache and Total said the Noble Sam Croft drillship gathered reservoir and other technical data in the upper cretaceous-aged Santonian intervals since its 29 July discovery.
