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New Technologies Guide Strategic Changes in a Low Oil Price Environment

A low oil price environment presents a distinct challenge to the field development planning and reserves estimation process. The bulk of the world’s mature assets are currently operating on autopilot, with little active investment, and with a reserves base that is not accurately quantified. New techniques that can be executed with a small team in just a few weeks, without a full field model, lead to significant value creation opportunities, even at low oil prices.

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