Technical Panel 5: Innovations and Technologies for Production Enhancement and Sustainability
As the energy transition picks up pace, the security of energy supply may be compromised as new technologies iron out their operability and reliability weaknesses. During this period of change, investment in exploration and new field development may become more difficult to finance, and hence our reliance on “brown” fields will become increasingly important. Therefore, the enhancement of production, both in terms of rate and ultimate recovery, may become the backbone upon which the transition can be achieved. Just as has been the case over the past century of production, the need to simplify complexity and drive cost optimisation will enable this success. Over the coming decades, production enhancement enabled through cost optimisation, will not only be an exciting field of work but will undergird the security of energy availability.
This panel session will discuss the strategies, opportunities, technologies, and results that companies in our region are following to make the most of their existing assets and/or support the industry in this area. They will discuss how topsides are being refurbished or retrofitted, how they are abating production decline, how improved recovery methods are being implemented, and waste management is being addressed.