Exploration

MRDS Group, a project management, inspection, repair and overhaul services provider for oilfield drilling and marine equipment, is on track to experience significant year-on-year growth in the Middle East and North Africa (MENA) energy sector in Q4 of 2023 and into 2024 

Africa’s energy transition is not developing at the same pace as the rest of the world

Halliburton Company has unveiled the FlexRite Selective Access multilateral completion system to address more complex and demanding well scenarios 

Multilateral systems maximise reservoir contact, creating cost and time savings while also reducing the environmental footprint. 

The FlexRite Selective Access system builds on over two decades of Halliburton operational and technical excellence. It delivers the industry’s highest pressure ratings and can execute multilateral well strategies in complex reservoir conditions. Through an innovative combination of stimulation capability and through-completion selective intervention, the FlexRite Selective Access system delivers life-of-well versatility to multilateral installations.

“Multilateral completions maximise recovery factors and improve well economics while reducing the operator’s environmental footprint. Operators want these benefits to include time savings with operational improvements, including fewer complex junctions and increased efficiency,” said David Loveless, vice-president, Halliburton completion tools. “The FlexRite Selective Access system is a strategic product line expansion that increases the viable applications for multilateral well strategies and provides the benefits operators seek.”

The FlexRite Selective Access system is part of Halliburton’s Advanced Completions portfolio, purposely engineered to improve reservoir management, enhance hydrocarbon recovery, and optimise production to provide higher revenue potential and increased asset value. Learn more about our multilateral systems.

Westwood Global Energy Group has reported that substantial drilling activity, averaging 53,000 wells per year through to 2030, will help elevate production of crude, condensate, natural gas and natural gas liquids (NGLs) to a high of 173 mn boepd by 2030, up 9% from 159 mm boepd in 2022