Whole-Of-Life Approach To Oil-Field Economics Helps Technology Decisions

Richard Uden Continuum Resources International Houston Roger Anderson Columbia University New York Operating an oil field at low oil prices usually means that budgets are reduced and costs are further scrutinized. However, unless the operator is careful, production can be damaged. A period of low oil prices, such as the one from which the oil and gas industry seems to be emerging, is a good time to reexamine the technical premises that the field has been built upon. The individual economic benefits of many technologies previously taken for granted must now be reexamined and tested for their service to the profitability of the field. This implies looking at the fie...

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