Equinor and its license partners have decided to invest NOK 3 billion (US$345 million) in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent, the company said on Dec. 22.
Weatherford International Plc revealed its smart rod-lift solution, comprised of production optimization software, automation, and skilled engineers, boosted uptime 42% and increased production 37% for 40 reciprocating rod-lift wells in Sumatra, Indonesia on Nov. 5.
The divestiture of the rod-lift unit to Lufkin Industries follows several other asset sales made so far this year by Schlumberger as the oilfield services giant works to restructure itself into a leaner customer-aligned structure.
The Tellerus inline static mixer cuts chemical costs by 40% to 80% and extends the life of protected equipment by, in some cases, more than a decade.
An expert panel of judges has selected the top 25 industry projects that open new and better avenues to the complicated process of finding and producing hydrocarbons around the world.
Powered by surface pumps, a new pump design harnesses the momentum of one fluid to move another fluid.
High-density datalogs helped an operator determine the root cause of tubing buckling and improved production equipment placement.
With increased and improved data collection, gas-lift optimization can be automated across the full field and lead to operational discoveries that make an economical lift type even more cost effective.
Weatherford International Plc has been awarded an exclusive two-year, $15 million contract with a major independent operator in Argentina on July 22.