Cost Reduction of Well Construction on UK Continental Shelf
at an all-time low. However, collective industry efforts are already focusing in on how a reduction in core drilling costs of 50 per cent could potentially unlock around five billion boe of known reserves over the next decade. The significant work the industry is doing through the Technology Leadership Board (TLB) to address the well cost reduction challenge, will feature in a forthcoming event organized by the Society of Petroleum Engineers (SPE) Aberdeen section on September 21 at Aberdeen’s Douglas Hotel. As one of eight MER UK government industry forums focused on maximising
O&G JIPs Target Seismic Imaging, Cyclone Forecasting
and the Aerospace Technology Institute (ATI). The event is also being supported by the Department of Energy & Climate Change and the Department for Business Innovation & Skills. Attendees will hear updates on the progress of government and industry initiatives plus the UK Technology Leadership Board. The event also offers an opportunity to participate in discussions where oil and gas operator and service companies will share insights into pressing industry challenges, including drilling efficiency, water injection, digital monitoring and better imaging of reservoirs, while technology