A case study in improving capital efficiency

摘要

The initial phase of Venezuela's first large-scale horizontla dvelopment drilling program in the Faja del Orinoco will soon be completed.This project is known as the Venezuela Extra heavy Oil Project (VEHOP) and is operated by Petrozuata,C.A.,a strateic associaton btwene petroleos bde Venezulea.S.A.(PDVSA) and Conoco.Inc.The plannign proces began in 1994 with the evlauation fo worldwide heavy oil oeprations.A test well was drilled which incorporated design changes to imporve well productivity and allowed the operator to gain experience in Venezuelan operations.