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Using MicroSeismic, Inc.’s proprietary Completions Engineering workflows and new real-time drainage visualizer, the industry now has access to an effective tool to customize the treatment design for every stage in real-time to achieve optimum stimulation and recovery.
Newfoundland and Labrador’s 2018 Resource Assessment has identified 11.7 billion barrels of oil and 60.2 trillion cubic feet of gas potential offshore.
The high delivery, yet rapidly declining production profile of shale reservoirs creates a bit of a treadmill for companies seeking production growth.
BP’s $10.5 billion acquisition of a portion of BHP’s U.S. onshore portfolio highlighted M&A activity in the U.S. during the third quarter, a report by Drillinginfo says.
The BP tieback project adds a new subsea manifold and connects two wells to existing flowlines about 3 km north of the platform in the U.S. Gulf of Mexico.
Stratas Advisors analysts believe the final outcome of investigations into Jamal Khashoggi’s disappearance will be limited, targeted U.S. sanctions that will leave crude oil flows unscathed.
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