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
Famous quotes containing the word future:
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“I would sell my life to avoid
the pain that begins in the crib
with its bars or perhaps
with your first breath
when the planets drill
your future into you....”
—Anne Sexton (1928–1974)
““Dark times” is what they call it in Norway when the sun remains below the horizon all day long: the temperature falls slowly but surely at such times.—A nice metaphor for all those thinkers for whom the sun of mankind’s future has temporarily disappeared.”
—Friedrich Nietzsche (1844–1900)