Technologies found to hike reserves, benefit HSE

Application of new technologies led to substantial commercial reserve additions during 1990-97 on the Northwest Europe continental shelf, and further additions are possible.Exploration and development projects in which new technologies were used also resulted in health, safety, environmental (HSE), energy security, employment, national security, and other economic benefits.More than two-thirds of the total reserves gain of 12.4 billion bbl of oil equivalent resulted from fields whose development would not have been commercial without technological advances, a study showed.The study participants have a minimum expectation that technological progress can "create" a further 7 billion boe by ...

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