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A new workflow generates probabilistic history-matches and production forecasts for any decline-curve model while incorporating variable BHP conditions. It provides fast history matches and forecasts of shale gas wells more accurately than traditional DCA while quantifying model uncertainty. The primary value added is an innovative method for probabilistic variable-pressure DCA.
The most recent spike stemmed largely from Putin’s invasion of Ukraine. But gas prices were rising long before that, primarily from growing demand.
Carbon capture innovations will play a key role in bridging the gap between fossil fuels and a net-zero emissions future
IGas Energy has become part of an academic - industry consortium called Net Zero RISE (Research Infrastructure for Subsurface Energy). Its aim is to repurpose existing onshore oil and gas infrastructure as research sites for carbon sequestration, hydrogen storage and closed-loop geothermal technologies.
<strong>Exclusive</strong>: Consortium of energy firms and universities says underground storage of hydrogen can also be investigated