Digital Energy: Working Smart in the Oil and Gas Industry
- Tags:
- Industry,
- Management,
- Oil,
- Royal Academy Of Engineering,
- Strategy,
- Well
- Source:
- The Royal Academy of Engineering
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Overview: In the past, the technologies used in well engineering have been relatively simple. The well was drilled and the hardware selected, installed down the hole and locked in place. The production then started but the well remained passive. It was essentially just down-hole plumbing - albeit on a grand scale. With the oil industry approaching 'middle age' - having produced about half of current proved reserves - merging state-of-the-art technologies now available will enable wells and fields to become 'smart'. This will ensure the oil and gas industry receives a lot more value for input and extends the producing life of its traditional assets.
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Format: PDF | Size: 261KB | Date: May 2004 | Pages: 5




