While onshore fracking in the U.S. remains front-and-center, numerous analysts are predicting strong growth for the Gulf of Mexico in the year ahead. A number of historic firsts, including Shell’s Appomattox and Chevron’s Anchor, could set the stage for years to come and trigger a new wave of offshore “mega-investment” in the Gulf. These new plays venture into Jurassic-age sands, which some believe represent the final frontier of deep-water development. If these massive new projects produce as expected, then mergers and acquisitions (M&A) activity in the Gulf is expected to pick up as larger players sell maturing assets and focus on new priorities. This shift is like the trends in the Permian Basin, where larger players have shed noncore positions to target “low hanging fruit.” If things play out as expected in deep-water Jurassic-age sands, then a new round of consolidation and migration could leave behind scores of maturing wells—which could create a renaissance for enhanced oil recovery (EOR) activities.
How today’s pumps address these challenging conditions.
Pulsafeeder
04/12/2019
Image 1. Scores of relatively shallow offshore wells have been capped, even though they still contain up to half of their contents. (Images courtesy of Pulsafeeder)
Image 2. Water injected into a reservoir displaces oil deep in the reservoir and drives it toward production zones for extraction.
Image 3. Today's metering pumps should address EOR requirements better than their predecessors.