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For 30+ years, this E&P company has thrived by adopting transformative technologies. Recently it began using a new system to increase profits by reducing geosteering operations from hours to minutes with real-time data, improving communication efficiency between engineers and geophysicists, and by integrating seismic information with well data.Learn More About Our Client's Successes
A technology leader and pioneer in unlocking hydrocarbons from US shales, Statoil has leveraged its acreage holdings and its expertise in both drilling techniques and the geology of the leading shale plays to grow into a company that produced nearly 91 thousand barrels of liquids per day, and 818 million cubic feet of natural gas per day during first-quarter 2016, on an equity-volume basis.Learn More About Our Client's Successes
This regional energy exploration and production company reduced the time required to generate monthly reports from 1 day to 20 minutes and reduced the workload from 2 full-time positions to one. Experienced staff now spends time making decisions instead of making reports and pumpers' accuracy has improved, too.Learn More About Our Client's Successes
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The oil price crash of 2014–15 sparked a difficult recalibration between upstream oil revenue and oil field development costs. The slowdown in upstream activity led to an oversupply in the markets for equipment, materials, and labor—and thus the costs of these inputs declined dramatically. Oil producers have built o..more
This is a collaborative article by Michael Ryan, Sara Johnson and Antonia Bullard. On balance, the global economy is expected to accelerate in 2017 but not without considerable risks that have the potential to disrupt world output and trade. Global real GDP growth will strengthen in 2017–18, led by better performan..more
In gas wells, liquid loading takes place when the gas rate is not high enough to lift liquids (e.g. water and/or condensate) to the surface. Engineers are often tasked to identify and correct this type of production problem through operational changes (e.g. reducing wellhead pressure). Similarly, based on field experience, engineers can plan in advance the..more