View Of Upstream Asset Development And Optimization

The vibrant upstream oil and gas industry is investing large amounts of capital in the pursuit of new reserves/resource plays, new extraction technology, and advances in operating automation…all with the hopes of improving oil recovery and maximizing production. There is certain risk but smart companies know that today’s investment will lead to huge payouts in the future. Regardless of the asset type, the number one challenge remains—how do you improve production output and oil recovery factors given the current environment and impending risk? Is there a way to meet this challenge when first considering an asset for development before commissioning a facility?