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The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years. For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. Oil and gas operators played it safe in the latest offshore auction by placing about half the high bids typically made. As a result, the total dollar commitment for the round was the lowest since 2017. This paper discusses the effectiveness of third-generation (Gen3) production-logging-tool (PLT) technology, which uses co-located digital sensors for simultaneous acquisition of flow data to provide the most accurate characterization of the flow condition at each depth surveyed.

  Country: North America > United States > Gulf of Mexico (0.48)
  Industry: Energy > Oil & Gas > Upstream (1.00)
  Oilfield Places:
  Technology: Information Technology (0.50)

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