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Three Ways to Reduce Operating Costs for Increased Reserves
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Critical Need for Fossil Fuel Substitutes Fuels Global Wind Power Market, Growth Projected at Promising 10% CAGR from 2021
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Critical Need for Fossil Fuel Substitutes Fuels Global Wind Power Market, Growth Projected at Promising 10% CAGR from 2021
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Qatar Society of Petroleum Engineers holds virtual event
24 Jan 2021 - 7:41
The Peninsula
Doha: Qatar Society of Petroleum Engineers recently held its first virtual Distinguished Lecture Programme for 2021 season, entitled ‘Techniques to Reduce Operating Costs for Increased Reserves and Profitability’.
The lecture was presented by Philip Hart, a President of Excalibur Ventures, who provides consultations to improve fields through Reservoir and Operational Studies and also designs oilfield equipment for Omega Technologies in Houston, Texas.
The lecture was about how employing certain practices in past field operations reduced operating costs by over $4.4MM per year and helped increase reserves by more than 3 million barrels of oil (MMBO).