POWA 2011 - Production Optimisation Week Asia

How many million barrels are you losing per day?

100% reserve replacement rate has become extraordinarily tough, not only for large international companies, but also across the industry, affecting even national oil companies who have 100% access to areas for exploration. Declining production in Southeast Asia is now underscored by

? Indonesia quitting OPEC

? Malaysia’s aggressive exploration and development overseas, and

? Brunei’s capping of oil production deliberately to extend life of the fields and to improve recovery rates

Steep decline rates amid the slow pace of new discoveries, natural calamities affecting major buyer countries, and geopolitical turbulence rocking key oil-producing regions are further endangering oil and gas production levels and pose an imminent threat to the global economic recovery.

Oil and gas operators now need to focus on production efficiency and effectiveness to avoid steep drops in buyer countries' purchasing ability for petroleum causing a price collapse and massive losses.

Every field has unique characteristics, and often several viable options are available for revitalisation. Once a decision is made to implement a particular revitalisation option, it is very expensive to change course and attempt an alternative solution.

It is therefore absolutely critical for you to minimise the risk of pursuing incompatible or incoherent strategies by coming up with an informed and integrated technical and strategic approach across various engineering and strategic departments to maximise reservoir certainty, wellbore stability and ultimately reach your target production levels.

Production Optimisation Week Asia (25 ? 29 July 2011, Kuala Lumpur, Malaysia) is your way forward, providing you with a comprehensive, multidisciplinary technical platform, highlighting the breadth and depth of information you need to make your mature, marginal, deepwater and other reservoirs more technically and commercially viable to produce and increase your production effectiveness and efficiency, combining strategic coordination and reservoir, production and completions engineering for an informed and integrated technical and strategic approach.

Ensure production and profits in one of these 4 easy ways:
- Call +65 6844 2080
- Fax +65 6844 2060
- Email powa-AT-arcmediaglobal.com
- Visit arcmediaglobal.com/powa

Keywords: oil, gas, production, optimization, engineering, reservoir, drilling, completions, petroleum, decline, discovery, technical, challenge, mature, field, certainty, capacity, wells, horizontal, vertical, multilateral, asia