While investments in new technologies have played a crucial role in delivering savings, strategic E&P software is best placed to immediately improve returns.
In a contributed “Beyond the Horizon” viewpoint article in the March 2018 issue of Offshore magazine, Emerson E&P software experts explain how the upstream sector is employing exploration and production software to preserve operational efficiencies achieved in response to the oil price decline. Three key areas are highlighted: brownfield development via intelligent well planning and cost models; increasing recovery factors through predictive reservoir models; and expanding production efficiencies based on a complete overview of the field.
