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As Permian Basin E&Ps increasingly turn their focus to unconventional plays such as the Wolfcamp, Bone Spring, Spraberry and Cline, geologists and geoscientists working in the area...
Operators working in unconventional plays across the US, including the Bakken, Eagle Ford, Permian Basin and Marcellus, have seen cost-reductions of up to 15-30% by adopting multi-well pad...
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If Argentine production declines were improved by mere percentage points, the country's production could increase substantially, adding enough crude recovery to fuel the entire country for years to come. With the global average recovery factor in a mature field sitting at only 20-40% for oil and 70% for gas, much of the country's assets remain untapped.
Considering production optimization can increase incremental production by up to 25% and EOR applications up to 70%, operators are acutely focused on adopting the right production technologies and strategies for application in these fields.
The answer lies in optimizing production techniques and EOR; the initial investment into which can be far lower than exploration and workover efforts, while delivering some of the highest returns. A modest 1% improvement in recovery could potentially deliver millions of dollars in added value to a company's assets; YPF is just one company that agrees, stating that waterflooding can improve recovery by 6-8%, with polymer injection recovery forecasted to be even higher at 12-16%.
ARGENTINA'S FIRST MATURE FIELDS CONGRESS FOR PRODUCTION AND RESERVOIR PROFESSIONALS
Mature Fields Argentina Production Optimization 2014 is the first congress of its kind addressing how to select the optimal lift method to maximize reservoir production in light oil, heavy oil and gas fields. The congress will deliver best practices on artificial lift, production monitoring, deliquification, sand control, corrosion control, paraffin control and EOR.
For more information on this exciting initiative, please click here.