The UK's Minister of State for Trade and Investment is under no illusion about the need for his nation's energy industry to expand its global upstream activities while also ensuring new investment is attracted into Britain's maturing offshore sector to keep its home fires burning.
The task of developing the equipment and capability to safely produce oil and gas at 20,000 psi in deep water, with greater pressures and higher temperatures, is a challenge that BP is up for.
A statistical approach has been successful in shale plays. As the gas surplus continues, combining upfront integrated analysis and execution management is essential.
Transparency goes a long way to answering stakeholder concerns. Failure to address any one of these aspects could cause unforeseen difficulties that can lead to a costly learning experience.
Operators, including majors, are beginning to move into the Mississippi Lime play in Kansas, while an emerging horizontal Woodford play in Oklahoma is adding to the attraction.
Colombia's hydrocarbons agency is looking to establish a new frontier in a previously little-explored area off its west coast in the country's latest licensing round.
A glance through any article on South America's upstream activity in recent times will almost certainly throw up the usual suspects – Brazil,Venezuela, and Colombia. But the continent's northeast margin also is being viewed by an increasing number of oil companies as the next 'big thing.'
A contrarian strategy of investing in conventional assets has its advantages.
Propagating uncertainty from well logs to production forecasts enables quantification of its effect on other subsurface measurements.
Technology blends features of RSS and mud motors to optimize drilling in low buildup-rate wells.
For all the commentary on intelligent oil fields and 'smart' well-based operations, operators are still struggling to access all the information they need on their subsea operations and subsea well performance.
Openhole logging is a well-established means by which E&P companies better understand reservoirs and determine where and how to complete their wells.
Proper reamer selection proves to bolster drilling efficiency in directional applications.
With drilling companies soon to be exploring in 3,500 m water depth and far beyond within the next five years, the challenge of dealing with the deployment of increasingly heavy weights for risers and moorings – often in high currents – has demanded radical advances in terms of product design and materials technology for the offshore industry.
With increasing cyberattacks on production facilities and pipelines, operators must be proactive in defending SCADA systems.
Being able to directly monitor the tensions being experienced by mooring lines in situ and in real time on a floating production unit or mobile offshore drilling unit gives vessel operators the full picture when it comes to how their fleets are performing on location.