Drilling & Production: Smart wells, ‘e-fields’ shaping production plans

01/01/2007
Technology remains key to how fast and how much of the world’s remaining oil and gas resources the industry can produce economically from the varied environments that hold most potential: deep water, arctic regions, coalbeds, partially depleted reservoirs, and deep, tight formations with high temperature and pressure, as well as formations containing heavy oil or bitumen.The industry has an assortment of technologies at hand or under development, but applying the technology to any given situation is seldom clear-cut. For new technologies, a lag time, often lasting years, still exists for wide use. But high oil and gas prices combined with cost pressures provide incentives for their ...
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