Day 1 Mon, May 04, 2020 2020
DOI: 10.4043/30781-ms
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Holistic Production Enhancement for Life of Field

Abstract: This paper summarizes enabling technologies that operators can utilize when planning their field lifecycles, from development and construction through to decommissioning. By approaching field development in a holistic manner, it is possible to minimize total expenditure (TOTEX; the sum of both capital and operational expenditures), whilst also maximizing return on investment and hydrocarbon recovery. With long-term regulatory compliance and production enhancement in mind, early introduction of f… Show more

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Cited by 3 publications
(1 citation statement)
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“…Achievement or improvement of eco-innovation practices can also help industry to optimize their research and development activities. For instance, oil and gas capital equipment providers also provide the technical assistance to operate and maintain the eco-innovative equipment, as well as the occasional system upgrades (Avery et al , 2020). High amounts of research and development (R&D) investments are often required in oil and gas sector, which increases the risk, given the uncertainty of exploration and production projects (Wanjau et al , 2019).…”
Section: Discussionmentioning
confidence: 99%
“…Achievement or improvement of eco-innovation practices can also help industry to optimize their research and development activities. For instance, oil and gas capital equipment providers also provide the technical assistance to operate and maintain the eco-innovative equipment, as well as the occasional system upgrades (Avery et al , 2020). High amounts of research and development (R&D) investments are often required in oil and gas sector, which increases the risk, given the uncertainty of exploration and production projects (Wanjau et al , 2019).…”
Section: Discussionmentioning
confidence: 99%