A better understanding of earth stresses resulted in a dramatic reduction in wellbore instability-related drilling events and NPT for the operator.
The Yellowtail wells and upcoming Redtail well will form the basis of another FPSO development, executives say.
Preliminary estimates indicate between 7 Tcf and 9 Tcf of raw gas in place along with 400-500 MMbbl of associated condensates, the company said.
Reservoir characterization through production history matching can lead to significant increases in economic return.
Tendeka, an independent global completions service company, said July 15 it has joined the OSIsoft EcoSphere, a collection of more than 300 industrial leaders that provide products, applications, and services for the PI system.
Panelists agreed there are, however, exceptions. And costs could run from thousands to millions of dollars depending on services needed to restart production.
Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.
Brazilian state-run oil firm Petrobras has begun a long-term test in the Forno area in the Albacora Field in the presalt region of the Campos Basin, the company said in a securities filing May 17.
The 4D solution offers oil and gas operators keen seismic monitoring of subsurface movements from a single source and a single receiver, SpotLight CEO Habib Al Khatib said in this exclusive interview.
The solution enables operators to self-install their real-time wireless downhole monitoring system without requiring specialist engineers onsite.