Since 2015, low oil prices have forced many national and international oil companies to work their respective assets harder in order to maximise oil and gas output, without necessarily developing new capital projects. This harvesting approach is currently representing over half the world’s oil and gas production, and it may persist or even increase as crude oil prices remain persistently close to USD 50 per barrel. Such a tough business environment is highlighting the importance of implementing smart strategies and innovation to continuously maintain and even increase production.
This workshop on Production Optimisation is addressing the efforts developed in this topic by national, international, and independent oil and gas companies. Several experiences, lessons learnt, and best practices are going to be presented through keynote speeches and four panel sessions. Topics covered include the implementation of new core processes and workflows, the needed changes in organisational structure and relationships between operating companies and contractors to adapt to this difficult times, the application of new technologies, and the development of strategies to prioritise, allocate, and manage the resources.
Overall, the programme has been designed to maximise opportunities for networking, knowledge dissemination, and expertise technical learning.