Did you know that oil fields spend more than 75% of their productive lives in decline? Now, more than ever, new logging, well stimulation, production optimization and reservoir management technologies are capable of uncovering new reserves, reducing decline rates or increasing recovery in Mature Fields.
However, with multiple opportunities and the need to show rapid payback, where should an Operator focus its investments? Halliburton offers a short, data-driven Mature Fields Diagnostic that helps clients detect production uplift opportunities and prioritize investments.
We focus on pulling three basic “levers”:
Proactive reservoir management and well productivity solutions;
Aggressive production optimization capability;
Process fitness and top performance management.
The Objective of the Mature Fields Diagnostics is to detect production and recovery uplift opportunities and prioritize investments.