Page 8: of Offshore Engineer Magazine (May/Jun 2019)

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LEADING OFF West Africa

CHEVRON: MATURE FIELDS,

MAXIMUM PRODUCTION

By Jennifer Pallanich hevron is combining technology and streamlined ? ll drilling, workovers, recompletions, deepenings, and perf work processes to maximize production ef? ciencies jobs, to name a few – mature ? elds could suffer a 10% to 15% in its mature offshore ? elds. Continued investments decline rate, he says.

Cin the ? elds, reservoir surveillance, analytics and “Chevron’s decline rate is 3% to 5% annually,” Kikani says. portfolio optimization are some of the top methods Chevron “All of these small projects allow us to manage these ? elds [to relies on to keep ? elds like Okan (1965) and Meren (1968) achieve] small decline rates year over year.” offshore Nigeria along with Malongo West (1970) offshore Clay Neff, president of Chevron Africa and Latin America

Angola producing. Exploration and Production, says the company focuses on ex- “It’s amazing that they keep giving,” says Jitendra Kikani, tending the economic life of existing mature ? elds by improv- general manager for reservoir management, Chevron Africa and ing performance and driving ef? ciencies.

Latin America Exploration and Production. “It’s heartening” to “We obtain additional pro? table barrels from our mature as- have such ? elds with continuing recovery, even in “remote ar- sets by applying technologies and streamlined work processes eas where sometimes things are challenging.” that maximize value creation from older ? elds,”

Without continued investment in the form of Neff says.

In 2012, the what the company terms “small projects” – in- Continuous optimization of each of the

Block 0 offshore concession in

Angola produced its 4 billionth barrel of crude oil.

Chevron is the country’s largest foreign oil industry employer.

Source: Chevron 8 OFFSHORE ENGINEER OEDIGITAL.COM