JPT Topics

SPE.org 

Hydrocarbon processing and treating systems often require large and elaborate surface facilities. When operating in challenging locations, such as deep water or the Arctic, these systems can be expensive. The US majors plan to produce around 1 million BOE/D each from the basin, which has become a primary focus of their upstream operations. Two new centers in Bergen, Norway will lean on emerging digital technology to oversee much of the Norwegian operator’s offshore operations. The objective of this case study is to describe a specific approach to establishing an exploration strategy at the initial stage on the basis of not only uncertainty reduction, but also early business-case development and maximization of future economic value.

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  Industry: Energy > Oil & Gas > Upstream (1.00)