Swordsmyth
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The U.S. Interior Department has introduced changes to pressure difference requirements in offshore drilling in a bid to stimulate greater production from the Gulf.
According to the department, the changes could add 10% to offshore U.S. oil production over the next decade, equal to some 100,000 barrels daily, by allowing greater pressure differences between reservoirs.
“Results from a University of Texas study on commingling show that commingled production maximizes per-well oil production compared to sequential schemes. Over 30 years, it provides 61% more oil recovery, and over 50 years, it yields 21% more,” the Interior said in a news release.
In another recent move aimed at boosting oil and gas production in the Gulf, the federal government earlier this week cut approval times for new projects to a maximum of 28 days, down from several years, by invoking emergency regulatory powers.
“We are cutting through unnecessary delays to fast-track the development of American energy and critical minerals—resources that are essential to our economy, our military readiness, and our global competitiveness,” Interior Secretary Doug Burgum said.
More at:
oilprice.com
According to the department, the changes could add 10% to offshore U.S. oil production over the next decade, equal to some 100,000 barrels daily, by allowing greater pressure differences between reservoirs.
“Results from a University of Texas study on commingling show that commingled production maximizes per-well oil production compared to sequential schemes. Over 30 years, it provides 61% more oil recovery, and over 50 years, it yields 21% more,” the Interior said in a news release.
In another recent move aimed at boosting oil and gas production in the Gulf, the federal government earlier this week cut approval times for new projects to a maximum of 28 days, down from several years, by invoking emergency regulatory powers.
“We are cutting through unnecessary delays to fast-track the development of American energy and critical minerals—resources that are essential to our economy, our military readiness, and our global competitiveness,” Interior Secretary Doug Burgum said.
More at:
Code:
https://oilprice.com/Latest-Energy-News/World-News/Trump-Admin-Tweaks-Offshore-Drilling-Rules-to-Boost-Production.htmlTrump Admin Tweaks Offshore Drilling Rules to Boost Production | OilPrice.com
The Trump Administration has revised offshore drilling rules to increase oil production in the U.S. Gulf by allowing greater pressure differences and accelerating project approvals.
oilprice.com
