For oil and gas companies looking at drilling wells in a new field, the issue becomes one of return vs. cost. The goal is simple enough: install the fewest number of wells that will draw them the most oil or gas from the underground reservoirs for the longest amount of time. The more wells installed, the higher the cost and the larger the impact on the environment. However, finding the right well placements quickly becomes a highly complex math problem. Too few wells sited in the wrong places leaves a lot of resources in the ground.
Jul-24-2021, 16:56:02 GMT