technology

World Oil Output May Fall By 10 Million Barrels a Day, IHS Says

IHS Markit expects as much as 10 million barrels a day of world oil production to be cut or shut-in from April through June as storage fills up and demand craters due to the Covid-19 pandemic. Read more

technology

Coiled Tubing Has Set New Benchmarks for Multistage Fracturing in Poorly Consolidated Terrigenous Reservoirs

Today, when most reservoirs have low productivity, the question of whether multistage hydraulic fracturing can be applied in wells with complex geology becomes very important. An outstanding example of multistage hydraulic fracturing using coiled tubing was a project in Messoyakha oil, gas and condensate field where multistage fracturing was successfully performed for stimulation of production of hard-to-recover heavy oil in poorly consolidated reservoirs at shallow depths and low temperature. Read more