Old wells, new technology in spotlight at 2005 OTC

The past and future of offshore oil and gas technology drew close attention at the 2005 Offshore Technology Conference in Houston.Aging wells off the UK are showing signs of structural strain that likely will worsen, according to a study reported by the UK firm UWG Ltd.But new technology soon will be available to keep deepwater subsea wells in good repair. ExxonMobil Corp. and its licensees unveiled a system at OTC for performing deepwater well servicing from the seabed.Also at the conference, speakers discussed the importance of technology to exploration; offshore regulatory and operational developments in Norway, Nova Scotia, and the US; and the challenges of developing leaders and main...

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