Asset Management
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.
The Norwegian operators will collaborate on technology development, standardization, and well-stimulation solutions aimed at making tight oil and gas resources commercially viable in the NCS.
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Applying an economic analysis for Trinidad and Tobago's deepwater gas fiscal regime, results were calculated for various price scenarios to identify a workable strategy for development of offshore resources. -
Field-development projects need to include and consider not only a static or dynamic subsurface characterization but also the production-systems and facilities options, to trigger profitability and establish clear breakeven thresholds.
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Studies show that almost 65% of megaprojects fail to meet the performance goals established when the financial go-ahead was given. Operators can avoid costly pitfalls if they focus on addressing the human-related problems.
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Schlumberger and Baker Hughes leaders said increased investments are critical to ensuring technological advancements for the industry.
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A key aspect of the project discussed in this paper is the use of minimal initial-production facilities to achieve significant early production from each of four preconstructed artificial islands.
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This paper presents the development of Sapinhoá field, covering the fast-track transition and decision-making process, from appraisal to conceptual and basic engineering of the Sapinhoá pilot project and on to its subsequent execution, highlighting the challenges, lessons learned, and results.
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New leadership aims to make positive, lasting changes at RPSEA.
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ADNOC and BP will collaborate to form an earth surface technology center in Abu Dhabi. ADNOC has also reformed its stage gate process for advancement of new technologies.
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Douglas-Westwood’s quarterly World Oilfield Services Market Forecast and World Oilfield Equipment Market Forecast continue to suggest that 2016 marks the start of a barren period for the global oilfield services and oilfield equipment sectors, with onshore looking more positive than offshore.
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Mass layoffs and rising bankruptcies haven't put an end to abundant supplies.
