Operators win completion game with lower costs, greater efficiency, more production

摘要

Although demand for completion services has declined at about the same rate as the price of oil, the need for technology to counterbalance cost reductions remains strong. The pressure is on for operators, whether it is from lower oil prices hammering the bottom line, pressure pumping crews onshore providing the best hydraulic fracturing for the lowest cost or dealing with HP/HT in ultradeepwater wells in the Gulf of Mexico (GoM). How operators react to the pressure will determine how well they survive the downturn.