Mature Field Management

Mature fields represent one of the largest remaining resources globally, but, in many cases, they have not received the attention and technology focus of operators that may have more attractive opportunities in their portfolios. Once mature fields’ concessions have expired, the international oil companies (IOCs) that developed and operated them often transfer the fields back to the management of national oil companies (NOCs).

Mature fields commonly benefit from an integrated management approach that involves updating the reservoir/network models, identifying quick wins, developing bypassed reserves, and adopting a more rigorous reservoir and production management process. Under a broad range of business models, our team collaborates with you to develop appropriate integrated management approaches for these mature fields.

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Summary Summary Multi-discipline collaboration using earth model and CYPHER service creates value in Permian Basin.
Laredo Petroleum collaborates with Halliburton to increase reservoir understanding in a multi-target unconventional play
Summary Summary Earth model assists Permian asset valuation
This article describes a multi-domain model that Laredo, assisted by Halliburton Co., used to define the potential for the Permian-Garden City acreage
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