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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This paper presents a comprehensive comparison of two modeling-based approaches of fluid tracking for condensate allocation and gas usage. -
A well-pattern-design work flow proved able to identify substantially better patterns than the traditional approach for a giant mature field.
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The paper evaluates the effect of different injection methods on oil recovery and CO2 storage potential in a depleted sandstone reservoir in the Norwegian Continental Shelf.
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The authors describe a carbonate reservoir stimulation technique able to deploy acids in the rock far away from the wellbore through mechanically drilled holes with known depths and azimuths.
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The complete paper reviews the history of enhanced oil recovery and the Scurry Area Canyon Reef Operators Committee, discusses changes in theory over time, and provides a look at the field’s future.
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In the complete paper, the authors present a novel approach that uses data-mining techniques on operations data of a complex mature oil field in the Gulf of Suez that is currently being waterflooded.
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The complete paper describes the first implementation of a solution to control fracture height for conventional wells in the Pannonian Basin.
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The complete paper describes the first successful implementation of natural dumpflooding offshore Malaysia as a case study to provide insight into the value of using the approach to maximize oil recovery in a mature field, particularly in a low-margin business climate.
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In this year’s papers on mature fields and well revitalization, I have found operators focusing on making all-out efforts to improve their ongoing waterflood operations to extend the life of existing wells, which is preferred over drilling new infill wells.
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The complete paper outlines some of the challenges involved in late-life field management and how Reserves assessment may be affected.
