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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“Perfect present has no existence in our consciousness. As I said years ago in Erewhon, it lives but upon the sufferance of past and future. We are like men standing on a narrow footbridge over a railway. We can watch the future hurrying like an express train towards us, and then hurrying into the past, but in the narrow strip of present we cannot see it. Strange that that which is the most essential to our consciousness should be exactly that of which we are least definitely conscious.”
—Samuel Butler (1835–1902)