Innovating in Oil and Gas | SLB
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Innovating in Oil and Gas

Improving performance in the oil and gas industry

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Rethink what oil and gas can do

As the bedrock of the energy transition, oil and gas remains an important part of our energy mix today. That’s why we need innovative solutions to drive performance and decarbonize operations.

What potential is there to access the energy we depend on now in a better, cleaner way?

5 Gt
of CO2 equivalent per year generated from the oil and gas industry (Source: IEA, McKinsey, 2020)
37%
increase in well intervention days, while production only grew by 10% over the same period (Source: Rystad Cube, 2022)
74%
improvement in unconventional project drill rates, with only an 18% improvement in conventional projects (Source: Rystad Cube, 2022)

What does reservoir fluid geodynamics mean for oil and gas?

Initiated and led by SLB Fellow Dr. Oliver C. Mullins, the oil and gas industry has introduced a new technical discipline called reservoir fluid geodynamics (RFG) to enhance the understanding and management of reservoir fluids over geologic time. RFG offers a comprehensive approach similar to "structural geology" for rocks, focusing on how fluids and rock structures evolve together. This new discipline helps operators address uncertainties in reserve estimates, productivity, and reservoir connectivity, and the Ora platform is a key enabler. Learn from Dr. Oliver Mullins how RFG is becoming an essential tool in reservoir management and development.

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