Integrating Technology Operational Excellence Improves Efficiency, Lowers F&D Costs

摘要

As 2015 begins, the oil and gas industry is facing another possible downdraft with steeply lower energy prices worldwide. Over the past few years, historic increases in production volumes in the United States along with sustained high prices have enabled operators to maintain momentum, despite significant increases in the cost of operations and third-party services. The decline in prices has caused severe ripples across the business such that, if they continue for a sustained period, it will force operators and service providers to change their behavior to survive. The question of the moment is simple: How can the industry improve operational efficiency and lower full-cycle finding and development costs that will allow operators to weather the impending storm while increasing production, and also maintain the required safety and environmental safeguards?