In the E&P segments, GE Oil & Gas will focus on three mega-trends in 2012: unconventional oil and gas development, enhanced oil recovery, and deepwater drilling.
Taking integration to the next level, model-based technologies aid in heavy oil production and maximize the potential of the digital oil field.
Horizontal drilling and hydraulic fracturing used in 30-year-old, waterflooded oil fields has boosted production per well from 25 to 300 barrels per day.
Some operators have better track records in slowing production declines and squeezing extra value out of the mature fields in the North Sea.