The industry climate of today is much harsher than the boom times of the past. Upstream companies are looking at ways to maximise output, while streamlining processes and minimizing risk – all within a climate of relatively low oil price. One such way to do this is to keep exploration ‘local’ to current production sites i.e. extending exploration and production of current fields into neighbouring stratigraphy.
This year’s research theme will look at the technologies and methodologies we can employ when expanding out in to local ‘frontier’ strata – be that geographically, stratigraphically, or a move into more technologically challenging plays. More details of the projects offered can be found here.
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The tender window for STEPS 2019 projects is now closed. All applications will be reviewed by our Scientific Advisory Board and successful applicants will be notified by email. If you would like to discuss your application, please email STEPS@Halliburton.com.