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Acreage in the Louisiana Austin Chalk and Anadarko Basin’s Oswego Formation were among the prospects presented during Summer NAPE.
Production from Al-Khafji field will be less than 50% of the field’s initial production capacity.
Technologies are streamlining frack sand logistics with shorter wait times, reduced costs and smaller pad footprints.
Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.
As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.
More and more organizations are ready to change the way they treat their people and their screens, and must use articficial intelligence to do it.
‘Onshore drilling just has better economics currently [and] cycle times also play a key role in offshore projects versus onshore drilling,’ said Sarp Ozkan, DrillingInfo’s director of energy analysis.
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