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.
Increase exploration success, optimize drilling costs, and maximize well productivity.
Shale gas and oil, tight gas, and coalbed methane are in reach.
Heavy oil resources are twice those of conventional oil.
Enhanced oil recovery (EOR) tertiary recovery could unlock 300 billion barrels of oil or more by some estimates.
Characterize and reduce the uncertainty of exploration and the cost of finding hydrocarbons.
Geomechanical factors affect every part of the life cycle of a hydrocarbon reservoir and need to be assessed and managed.
Given the high profile nature of HPHT wells, a methodically scientific approach to design and execution is mandated in order to be successful in HPHT environments.
Carbonates hold more than 60% of the world’s oil reserves and 40% of gas reserves.