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Some of the largest U.S. oil and gas companies are growing reserves and bringing down costs amid improved market conditions.
Companies are using fuels other than diesel to power well stimulation fleets, reduce site footprints and save money.
Renaissance Oil Corp. got an early foot in the door to develop these potentially giant fields.
The program aims to reduce capex and opex for production offshore in areas such as subsea systems, surface systems, processing and construction, starting with 39 R&D projects.
Completions have been holding the attention of the industry as lateral lengths grow and techniques become more complex.
Despite transportation issues, Canada remains a top global producer.
According to Malcolm Banks, well construction solution centre manager for the Oil & Gas Technology Centre, work being done could pave the way for wider adoption of technology that has the potential to change the way wells are managed.
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