Old oil fits broad category with big supply potential

Although new oil is much in the news these days, old oil represents big potential worth similar attention. New oil is what comes out of high-potential, low-quality formations considered, until recently, to be impossible to develop profitably. It’s new because its profitable production requires new technology—or at least new application of old technology. But old oil represents large potential, too. The “old” category is broad. One part of it includes small fields in mature production theaters, such as the UK Continental Shelf. Operators in the UK have invented ways to make latter-day use of platforms and pipelines installed to service the big old fields, now depleted or nearly so, that in...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected