Industry Challenges
Increasing global energy demand, at a time when more assets are maturing and declining, is challenging the industry as never before. In response, technology is increasing the ability to discover and access hydrocarbon resources once thought to be inaccessible or unrecoverable. Technology is also enabling mature fields to be a significant source of production for many more years than initially planned. What follow are key industry challenges where our technology, experience, and commitment to service excellence are helping meet the demands of the future.
A complex environment that pushes all boundaries.
Advanced technologies from reservoir pore to process facility.
Shale gas and oil, tight gas, and coalbed methane are in reach.
Heavy oil resources are twice those of conventional oil.
Tertiary recovery could unlock 300 billion barrels of oil or more by some estimates.
Carbonates hold more than 60% of the world’s oil reserves and 40% of gas reserves.
Real-time enabled technologies improve decision making.