Options to produce deepwater oil, gas to proliferate

In the next millennium, the petroleum industry will be have the opportunity to select from among a number of concepts for developing deepwater fields. Decisions on which technology to implement will be based on its cost-effectiveness as well as the field's location, size, and water depths. Click here to enlarge imageVarious subsea and floating production concepts offer a number of choices for implementing an economically viable project (Fig. 1).Likewise, downhole development economics can be improved by increasing the production per well with such technology applications as multilateral wells, smart completions, and other technologies that are also being designed for nondeepwater envi...

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