Malaysia Petroleum Management realized that some 50% of the country’s well inventory was idle, resulting in a locked-in potential of some 80,000 barrels of oil per day. So it set out to arrest Malaysia’s production decline rate.
As of late April there were 30 vessels in service offshore North America, but only 18 were actually active.
Well intervention work to increase production rates offers a significant opportunity to oil companies. Some get it more than others.
Giving vendors access to performance data could bring operators significant benefits while ushering new business models into the supply chain.
Submarine cable market activity is set to grow and make the North Sea—and other regions—an even busier place in which to operate in years to come.
Automation, robotics and drone technologies are helping to keep aging North Sea facilities profitable for longer.
Digitalization has the potential to create around $1 trillion of value for oil and gas firms. But it also puts companies in a complex position.
Norwegian subsea technology firms are pushing ahead with technologies to enable a new wave of seafloor field development.
