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Welcome To Investing in Oil and Gas
Recent News & Issues
Peak Oil Paradigm ShiftPeak Oil Paradigm Shift
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Nickle's Daily Oil Bulletin
Canada's latest Oil and Gas industry news
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AME Info | Energy, Oil and Gas
Energy, Oil and Gas news and features
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In addition to coating technology and hydrogen-resistant glass, Swenson credits OFS with other advances. “For example, they’ve made tremendous progress in minimizing the bend radius where attenuation effects start to occur. It is not an insignificant thing what they’ve done on some very basic fiber issues,” he adds.
Optimizing oil and gas production gets more complicated all the time – and the financial risks are tremendous. As a result, OFS and SensorTran continue to work together on enhancing fiber-based sensing technology that makes wells more efficient and productive. Says Swenson, “OFS has a long history in fiber optics and specializing in customer solutions that need specialty fiber and cable. They’re right at the forefront of very difficult fiber-based solutions.”
After we’ve established that there are large quantities of oil or gas (or both) at a drilling location, this site is known as a field. The next step is to plan and build a production facility, taking environmental, social and logistical factors into account.
Out at sea, we build oil or gas platforms which are strong and steady enough to cope with the amounts of oil and gas to be extracted, the depth of the water and the harshness of the climate or underwater environment.
Over the decades-long lifespan of most production facilities, chances are new technologies will help us reach deeper and deeper into reservoirs, helping us to extract more of the resources within it.
To plan a production facility, geologists, geophysicists, engineers and others return to the HIVE (Highly Immersive Visual Environment). At their disposal they have all the data gathered during the exploration plus some powerful computer modelling techniques.