GE Oil & Gas President and CEO Claudi Santiago’s vision is to raise the safety and reliability standards of oilfield equipment to those of the airline industry.
A “black box” simulation of several shallow-water oil wells producing to a single platform revealed that the field’s maximum production rate could be increased by 5%.
In a Permian Basin case study, scale stress testing provided a more accurate assessment of scale inhibitor effectiveness, enabling optimization of a waterflood program and enhancing asset integrity.
Broadly speaking: Oil good, natural gas bad. As gas prices hovered around $4.40/Mcf in 2010, crude oil prices averaged $88/bbl, higher than many expected as global economic recovery took hold and non-OPEC supply growth remained tepid.
Compiling historical well and field data into a consistent, easily accessible electronic format has saved PDO substantial project time and costs, and has increased user confidence in the data upon which critical decisions are made.
Existing technology and methods can quantitatively integrate geophysical, geological and engineering data to develop reservoir models for fractured reservoirs. Such a workflow was used to model the Tensleep reservoir in Wyoming.
Part 3 of 3: Improvements in material properties and testing methods are being pursued to make PDC the cutter of choice for an increasing variety of applications.
While rig utilization rates continue to climb and newbuilds enter the North American market, other census numbers yield mixed results.
Majors and a few independents have established an assembly line of mega-projects that span the E&P cycle from exploration to improved recovery.
E &P sector embracing RFID technology
Science, sound and serendipity, from geophysics to hip hop
Climate change: Maybe, but in which direction?
Benchmark crude futures were range-bound in September but by early October had breached the $80/bbl mark.
GCC production to increase in 2011