Global Impacts of Trend in Oil & Gas Industry
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TREND IMPACTING THE GLOBAL COMMUNITY
Introduction
New techniques & methods
Self installation platforms – SIP
Injection methods
Summary
Introduction
The purpose of this article is to highlight the latest trend of using new exploration methods for oil & gas with its global impact.
Oil and gas technologies include the exploration and development of oil and gas fields, and production processes. These developments have made meeting the growing global demand for hydrocarbons possible in spite of the unavoidable decline in new giant reservoirs.
Latest techniques & methods
Many Companies in the business of oil and gas extraction are getting steadily better at what they do. They have no choice. Most of the easy fossil fuel is gone. The environments in which they must work can only become steadily less forgiving. This is leading to the emergence of new methods and techniques, two of them are explained later in this article.
Self-Installation Platforms (SIP) Technology
This is one of the latest technologies used (
Source: SPT offshore (2010)
Injection Methods
Another latest method in oil / gas production is using of injection methods into deep sea beds for drawing out the oil. In this technology produced water, natural gas or liquefied CO2 is being injected into the sea bed or the earth surface in order to bring up the available oil or gas at that surface. Earlier these deep buried fuels were hardly accessible & thus only the part of oil/gas field was being utilized out of the total available source thus helps in meeting the global demand of this Black Gold (Rigzone).
Source: Rigzone.com (2012)
Summary
Over the past decades, dramatic improvements in all