Exploration and Production (E&P) Technology in the Upstream Oil and Gas
New Exploration and Production (E&P) Technology
There are five
dominant technology themes in today's oil and gas industry
Geometries and lateral lengths have become much more aggressive
resulting in higher rates, recoveries, and lower costs per bbl/mcf.
Fracing: Advances in and
wider use of hydrofracing are core to non-conventional oil and gas
developments, especially shale gas plays and light, tight oil fields.
Advances in offshore production technology of all types are extending
the industry's reach and lowering its costs, especially as the E&P
industry looks to deeper water.
Seismic: Improvements in seismic continue
to lead to breakthroughs in exploration and production, and have been
directly responsible for the discovery of large subsalt reserves in the
Gulf of Mexico and offshore Brazil.
Enhanced oil recovery: CO2, steam
injection, miscible flooding and other technologies are increasingly
being used to extract more oil from already producing fields.