Real results from our partnerships with leading energy companies worldwide
Our client is a leading overseas asset of PetroChina, situated in the Middle East. The key objectives were outlined to enhance the field's performance. The ambitious plan included the deployment of over 180 wells, sustaining a production rate of 140,000 barrels per day (bbl/d) for a decade, all while maximizing the recovery factor through an optimal water flooding strategy.
The contribution we provided including, but not limited to extraordinary experience in carbonate reservoir geology study, comprehensive reservoir simulation and modeling, utilization of advanced well completion techniques, robust monitoring and surveillance and tailored water flooding strategy.
Our reservoir management consultancy successfully designed and executed a water flood pilot test for our Middle East client, addressing the challenges posed by multi-layer carbonate reservoirs. Through the integration of numerical simulation, advanced reservoir characterization, and strategic risk assessment, we delivered tangible results in terms of increased recovery factors and an extended asset life.
This case exemplifies our commitment to experience and most advanced technology to optimize reservoir management and enhance the economic viability of oil and gas assets in complex environments.
Our client is an overseas enterprise, venturing into the oil and gas industry for the first time. This case exemplifies the successful collaboration between our team and client in achieving a rapid and effective transformation into the oil and gas industry.
By providing strategic guidance, market research and asset identification, facilitating the establishment of a BVI subsidiary, and overseeing the acquisition and operational processes, we played a leading role in the client's remarkable journey from a newcomer to a successful player in the oil and gas sector.
We successfully acquired a significant oil and gas asset spanning approximately 20,000 acres, with a mix of conventional and unconventional reservoirs. It is a great achievement that the first drilling, completion, and first oil occurred within an unprecedented timeline of just one year after signing the Frame Contract.