Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Historically, the largest operators have made the investment to find, develop and produce greenfield properties. As oil and gas fields age, they are often passed to smaller firms with lower overhead that continue to exploit them until the last drops of petroleum have been wrung, and the economics dictate subsequent plug and abandonment. This basic business structure has been in place since Titusville, and so it always will be – or will it?
Nimble players will prosper and new actors will emerge, while others will join the vanished members of the Oil & Gas 500 of 20 years ago. Similar to most other industries that are embracing Six Sigma (see Definition box) practices, the digital oil field is becoming less oil and more digital. Timely and accurate information is more important to shareholder value than simple physical assets, because only this type of information can optimize geological and hardware performance.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Kuala Lumpur - March 25-28
The Woodlands, TX - April 1-3
Houston, TX - April 6-9
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.