Achieving the goal requires optimizing and redesigning processes, training and engaging teams, and implementing and customizing technologies, a Petrobras executive says.
The continuous stream of data from wells in the North Sea’s Johan Sverdrup Field will be the equivalent of streaming 18,000 Netflix movies at the same time, Equinor executive says.
The Indonesian company fears production from aging fields could slip further if EOR projects are not implemented.
Production from the Greater Enfield reservoirs would make an important contribution to Woodside’s targeted annual production of about 100 million barrels of oil equivalent in 2020, Woodside said in a statement released on Aug. 26.
The turbines would power five platforms at the Snorre and Gullfaks oil fields, which are currently powered by generators running on natural gas.
A key factor in the economic development of unconventional resources is determining optimal well spacing. As development of unconventional play progresses, wells naturally become spaced closer together.