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The technique involves matching seismic simulations with existing seismic data to produce subsurface images that are of better quality, BP says.
The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.
More than 2 million sq km (772,204 sq miles) of new 2-D and 3-D seismic are expected to lure companies to Mexico’s E&P sector.
Talos Energy specializes in revitalizing older assets by coupling new technology and additional drilling investment. E&P recently spoke to Talos CEO and president Tim Duncan about the U.S. Gulf of Mexico and Gulf Coast regions.
Operators managed to spud 78 deepwater exploration wells in 2016, while deepwater wells drilled had been cut by half.