We are pleased to announce that The Daily Fusion has become an official media partner for the Monetising Mature Fields 2014 Summit, taking place in Dubai this October.
With increased production costs from mature fields, operators are increasingly utilizing evermore technologically advanced methods of enhanced recovery, reservoir stimulation and targeted resource acquisition in order to maintain and extend the life cycle of mature production assets. The Monetising Mature Fields 2014 Summit will address how developing and enhancing a mature portfolio can yield high rewards by expanding existing reservoir capacity, and how harnessing stranded hydrocarbon resources and through the use of cutting edge technology can both slow field declination and radically extend the life of a field. The summit, organized by the International Research Networks (IRN), will take place in Dubai on 28th-29th October.
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With a strong mix of senior level operator delegates as well those offering the tools to develop and commercialize mature fields, this summit offers an opportunity to hear several global best practice case studies from North America, Europe and the Middle East. Among the summit’s participants are the representatives from Sonatrach, Qatar Petroleum, Maersk Oil and the IEA. According to the IRN, the Mature Field Development Regional Manager (Middle-East and Caspian) from OMV E&P, one of the world’s best operators of mature fields with high recovery rates of 30-60%, will also join the panel of experts speaking at the Monetising Mature Fields 2014 Summit. Walter Ondracek from OMV will assess how the global oil operator managed to achieve top international benchmarks on recovery rates by applying the latest technologies.
Furthermore, IRN has just announced that solar thermal energy provider Solarlite CSP Technology has joined the Monetising Mature Fields 2014 Summit. The event is also supported by the Arab Business Club, the networking platform for the Arab business community; and Cedigaz, the international gas association.