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Case Study – Microseismic analysis for a horizontal well completed in the San Andres was used to understand wellbore density for highest capital efficiency.
The company said it plans to spend $3.9 billion overall in 2018 and increase production by between 8% and 12% with a 40% annual growth in Permian resources in 2018.
This region’s gas production equals predownturn levels.
Half of the spending will go toward E&P activities as the country aims to increase domestic oil and gas production.
The company recently announced 150 self-driving trucks would be introduced over the next six years, starting with its North Steepbank mine north of Fort McMurray, Alberta, Canada.
Technologies must be domain specific with end-to-end workflows so they can be put to use, according to Binu Mathew, senior vice president and global head of digital products for Baker Hughes, a GE company.
Challenges posed by the hostile environmental characteristics of Brazilian presalt oil and gas fields have prompted Petrobras to weigh use of rigid risers instead of flexible risers, which are mostly used by the company offshore Brazil.
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