In wake of the accident, Statoil has temporarily shut down production at Gullfaks B; aviation authorities have banned Airbus EC225LP helicopters from flying until further notice.
The company is paying attention to demand growth as it works to maximize shareholder value.
Real-time monitoring of CO2 in EOR applications is made possible with K-waves.
The volume of liquids discovered has plummeted annually from 8 Bbbl from 2012 to2015 to about 19 Bbbl, according to a recently released study.
The company expects startups of 2016 and 2017 projects to put in place 500,000 barrels per day of new net BP capacity by year-end 2017.
Quantitative seismic interpretation is about transforming seismic data, with units that are nebulous and vague at best, into physically meaningful units similar to a well log.
The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’