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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Oil and gas producers in the Gulf of Thailand face unique technical challenges. This review of papers illustrates some of the innovative solutions used in the region. -
I would like to steer readers’ attention to new technology, advanced modeling, and the interesting topic of fracture hits.
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After 70 years of production, more than 30% of the Arab C reservoir stock-tank original oil in place has been recovered through various mechanisms including natural depletion, waterflooding, gas lift implementation, and horizontal-well development.
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This paper describes the first job in southeast Asia in developing horizontal-well placement in a turbidite environment.
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This paper discusses the successful, fully integrated, 3D Earth modeling (EM) and dynamic reservoir simulation of the Hollin Formation in the Lago Agrio Field within an operator’s first producer field in Ecuador.
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An auction of small discoveries that were passed over by India’s national oil companies is a test of the country’s efforts to boost oil and gas development by encouraging participation from inside and outside this energy-hungry country.
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Successful rejuvenation of two declining fields was enabled through innovation in both engineering and procurement strategy.
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A number of companies are pushing for alternative approaches to offshore development that seek to access marginal reservoirs. Their differing and unique ideas call for a departure from the usual playbook, but share a common goal of slashing capital costs.
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Young Technology Showcase—Top-Down Modeling: A Shift in Building Full-Field Models for Mature FieldsData-driven, or top-down, modeling uses machine learning and data mining to develop reservoir models based on measurements, rather than solutions of governing equations.
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A closer look at the design and construction of Statoil’s subsea gas compression systems in the Åsgard and Gullfaks fields, the first of their kind in the oil and gas industry.
