Future
Talisman specialises in extracting significant amount of reserves from mature fields by using advanced drilling techniques to improve the production and tap additional reserves in the field.
One such method being tested as of 2001 is for an underbalanced drilling and coil tubing drilling programme, which at the time had not been tried before from an FSPO (CCNMathews 2001). This would sidetrack an existing hole and increase production. This did indeed increase production by 5,500 bbl/d (870 m3/d), raising the daily average to 13,000 bbl/d (2,100 m3/d). Since the success of this type of drilling, a further two wells will undergo this treatment.
The Buchan field plays an integral part in Talisman's long-term strategy as they hope to continue to produce from this field long past the expected closing date of 2015. This continued success with new technology has inspired hope that Talisman can extract a much larger part of the total 400 million barrels (64,000,000 m3) in place.
Read more about this topic: Buchan Oil Field
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“Real generosity towards the future lies in giving all to the present.”
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“The future is just as much a condition of the present as is the past. “What shall be and must be is the ground of that which is.””
—Friedrich Nietzsche (1844–1900)