• 2 minutes Oil prices going down
  • 11 minutes China & India in talks to form anti-OPEC
  • 16 minutes When will oil demand start declining due to EVs?
  • 2 hours Oil prices going down
  • 7 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 8 hours Another WTH? Example of Cheap Renewables
  • 3 days Bullish and bearish outlook for oil
  • 1 day Trump Hits China With Tariffs On $50 Billion Of Goods
  • 2 days Rolls Royce shedding 4,600 jobs
  • 4 hours What If Canada Had Wind and Not Oilsands?
  • 2 days When will oil demand start declining due to EVs?
  • 7 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 2 days Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 3 days After Trump-KJU, Trump-Putin Summit
  • 14 mins China & India in talks to form anti-OPEC
  • 3 days U.S. Cars Will No Longer Need 55mpg Fuel Efficiency By 2025.
  • 6 hours The Permian Mystery
  • 19 mins No LNG Pipelines? Let the Trucks Roll In
  • 3 days Epic Fail as Solar Crashes and Wind Refuses to Blow
Alt Text

Saudi Aramco Looks To Double Refining Capacity

Saudi Aramco looks to almost…

Alt Text

Russia Boosts Oil Production Before OPEC Meeting

Russia pumped almost 11.1 million…

Alt Text

Oil Falls On OPEC Uncertainty

Oil prices seesawed for most…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Extended Reach Drilling – The Offshore of Tomorrow

While there is some disagreement as to its prospects, some say that offshore drilling looks to be one of the biggest growth markets in the energy industry. In an effort to find more viable deposits, producers are turning to ultra-deep-water projects for new supplies. Goldman Sachs predicts that the offshore drilling industry will grow 40 percent annually through 2016. Some of the most promising advancements in offshore drilling have come from extended-reach horizontal drilling. While more difficult than traditional vertical drilling, recent technological advancements have helped improve horizontal drilling’s accuracy and helped lower its cost.

Extended reach drilling, or ERD, of horizontal wells isn’t a new idea. In the 1970s, British Petroleum’s Wytch Farm project was the first to use ERD to reach deposits under Poole Bay, just off the coast of Dorset. Because the area was a popular recreation destination, traditional vertical drilling was not going to be possible. Instead, BP used a horizontal method, extending about 33,000 ft., to develop the field with minimal environmental impact. Their efforts actually won them the Queen’s Award for Environmental Achievement. You don’t often hear of petroleum companies winning environmental awards.

 
Credit: RWE

Extended reach drilling starts off like traditional drilling. Beginning at an on-shore site, the well is initially drilled vertically and then deviated, continuing horizontally…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News