Mature fields
Thanks to stepout-well and tieback technologies, Shell’s Mars platform is the first single offshore platform in the US Gulf to produce 1 billion bbl of crude over its lifetime with production expected to continue into the 2040s.
BP said it expects to keep the Azeri-Chirag-Gunashli (ACG) project in production into the 2040s by tapping into separate nonassociated gas reservoirs.
Still flowing nearly 40 years after startup, Gullfaks recently delivered its 5,000th cargo of sweet, low-sulfur crude to Sweden, underscoring how Equinor’s aging shelf assets continue to support Europe’s energy supply.
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This paper describes the successful deployment of flexible coiled tubing technology in an oil-producing well of the offshore Frade field in Brazil’s Campos Basin. -
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil & Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
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The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
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ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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Technology and partnerships remain important, while phased approaches may supplant lengthy appraisal programs, experts said during CERAWeek.
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The operator developed a solution that has kept the well at stable production for over a year after treatment.
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A multidimensional Wiener process approach predicts casing remaining useful life, enabling safe, cost-effective well life extension and repurposing for carbon dioxide injection, CCS, and geothermal applications.
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SponsoredUnwanted water production can erode well performance and asset economics if left unmanaged. Interwell’s precision water shutoff approach, grounded in diagnostics and engineered isolation, helps operators identify water-entry points, protect hydrocarbon flow, and restore sustainable well performance in mature and complex wells.
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The award comes as a contract release purchase order under a long-term agreement that simplifies ongoing efforts to maintain mature field production in Saudi Arabia.
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Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
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