ITF Technology Showcase - developing new technology faster

摘要

Chevron's current business imperatives in the North Sea are "to eliminate incidents, improve production efficiency, reduce costs, revitalise exploration, increase ultimate recovery, and efficient decommissioning," said Craig May, president and managing director of Chevron Upstream Europe, speaking at the ITF (Industry Technology Facilitator) Technology Showcase event in Aberdeen on March 5. Average North Sea production efficiency has dropped from around 80 per cent in 2005 to around 60 per cent today, he said. Chevron's production efficiency in the North Sea is 80 per cent, he said, although it is over 90 per cent for Chevron's activities in the rest of the world. Production efficiency is defined as the ratio of actual production divided by (what is considered to be) maximum production potential for the structure. It can be reduced by declining reservoir production, shutdowns or problems with the wells or topsides equipment, problems with export routes (pipelines and tankers) and lack of market demand. Of these, the biggest factor which people can influence is probably the length of time platforms are out of action for maintenance (known as 'turnarounds').