New oil and gas — Technology leads the way
Following the sharp rise in oil prices in 1973, oil companies endeavoured to increase their reserves and production. This was attempted through the development of unconventional oil from bituminous shales or tar sands and the extensive use of enhanced oil recovery. However, when oil prices dropped in 1985, such projects were no longer viable due to the huge investments required. Subsequently, new reserves were found by applying new techniques to the search for traditional oil and gas accumulations.
KeywordsHorizontal Well Salt Diapir Depth Migration Bituminous Shale Deltaic Environment
Unable to display preview. Download preview PDF.