The findings have identified room for improvement in the way maintenance is planned, highlighting the need for a consistent strategy across equipment groups, systems and production units.
Kenneth J. Gerbino, Titan Oil Recovery, USA, considers the production upsides that could be gained from using a proven enhanced oil recovery technology and a seldom-used smallbore lateral drilling method.
Oil prices are just below yesterday’s levels as everyone waits to see how crude stocks will evolve and amid fears of demand destruction by Covid-19.
Because of the new market reality, Rystad Energy now estimates that instead of rebuilding Angola’s lost output by 2029, the country will likely never manage to produce at current levels again.