Mature fields
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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Production from older wells in the Permian Basin is declining faster than widely assumed, according to a new study. If this trend holds, it could lead to problems for companies that are depending on those wells to pay for future development or to justify a big acquisition. -
The complete paper describes a recent directional coiled-tubing drilling (DCTD) job completed for an independent operator in the Appalachian Basin.
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Anadarko aims to maximize immediate short-cycle value through tiebacks and platform relocations in the Gulf of Mexico.
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The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS.
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There is a growing awareness that maximizing field production involves not only having a clear understanding of subsurface intricacies but also ensuring that existing surface facilities are performing at their best to handle production in an environmentally safe manner.
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Fields in the Upper Assam-Arakan Basin have been studied intensely to find prospective sweet spots, perforation intervals for new wells, and potential workover candidates. These forecasts, guided only by dynamic-numerical-model results, have had mixed results when implemented in the field.
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In this paper, an integrated work flow is proposed for brownfields where oil production is driven mainly by water injection. Produced-water salinity plays a key role, acting as a natural tracer and, thus, helping avoid additional costs for new data acquisition.
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This paper presents a data-driven technology and associated work flow for fast identification of field-development opportunities in mature oil fields that accelerates subsurface field-development planning and reduces the time requirement from months to weeks.
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Additive layer manufacturing technology has gained prominence in the aerospace sector and is being used for the rapid production of prototype parts. Its credibility has quite literally “taken off” and is now used to build in-flight production components for aircraft.
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One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets.
