Eagle Ford Production to Keep Growing Through 2014
Statoil Employs Technology to Boost Shale Production
Applying technology to expand unconventional production in its U.S. shale operations is part of Statoil ASA’s goal of achieving 2.5 million boepd globally in 2020.
Norway-based Statoil entered U.S. onshore unconventional plays through joint ventures with Chesapeake for the Marcellus play in 2008 and Talisman Energy Inc. in the Eagle Ford play in 2010. Talisman transitioned operatorship of the eastern portion of its Eagle Ford acreage to Statoil. The company now operates acreage in Karnes, DeWitt and Live Oak counties. Production from Statoil’s approximate 70,000 net acres in the Eagle Ford is 32,100 boepd.
Statoil is estimated to be the third largest foreign investor in U.S. onshore and offshore plays, Andrea Rubik, vice president of development & production North America, Eagle Ford, said during a presentation last December. Andrea Rubik said in a presentation at Statoil’s Eagle Ford operations in December of last year.
“We have numbers and achievements we look forward to, but Statoil is a values-based company — not only are the numbers important, but how we achieve those numbers is critical, especially in the onshore areas where we’re so close to the community.”
To achieve this goal, Statoil has developed commitments to safe operations to keep its workforce and the local community safe and to minimize its environmental footprint. Part of Statoil’s strategy on safety has included partnering with its contractors to ensure that its partners understand Statoil’s safety targets and that these targets are met.
“We’re still learning and improving in the shale plays, not just on technology side, looking at higher recovery and new drilling efficiencies,” Rubik noted. “We have to be humble and taken in that learning and continue to improve.”
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Senior Editor | Rigzone