Table of contents
Technology Drivers for the Exploration and Production (E&P) Segment of the Upstream Oil and Gas Industry
New Exploration and Production (E&P) Technology: There are five dominant technology themes in today's oil and gas industry
Complex Well Geometries Extending horizontal drilling to maximize recovery in everything from shale gas to deep water fields to oil sand SAGD production
Horizontal wells make the difference in non-conventional plays: Wellbore schematic for a Fayetteville shale well
New drilling technology is transforming land drilling operations by lowering well costs and improving drilling capability, allowing operators to economically drill complex geometry wells, such as horizontals and multilaterals.
North American Oil and Gas Drilling Rig Utilization Rates: New AC drilling rigs are dominating the North American rig market
Beating the Rock Into Submission: Advances in hydraulic fracturing have allowed firms to tap large resources, such as tight gas and shale gas that had been uneconomic
The pace of technological evolution has been impressive; with costs on a per recovered barrel basis declining by a factor of 3 in just 3 years; it is this type of rapid technological improvement, led by drilling and completion technologies, that supports the contention that the cost curve of the E&P industry is inside that of the alternative energy sector.
Saskatchewan is an area where multilaterals are being utilized in the Bakken; Canadian operators claim to be completing wells as dual laterals, potentially increasing recovery by 20%-25% due to the increased frac density enabled by the second lateral; what is not clear is how well costs for these seemingly more complex wells can be substantially less than for wells in the US portion of the Bakken
New hydraulic frac designs are also being applied to tight vertical wells: Pinedale/Jonah Operations Discussion
Firms large and small continue to experiment to find a better way to stimulate the Williams Fork. Below are approaches being used by ExxonMobil
Perdido will be one of the deepest water producing installations in the world when it begins producing in 2010
Advancing seismic technology, in this case greater data density and more modern sensors, can make a dramatic difference in what can be observed in the subsurface
Non-Thermal EOR Methods: CO2 may take the EOR crown from steam because of the growing emphasis on carbon capture and storage (CSS) and carbon sequestration