Chevron Nigeria Limited at the 36th International Conference and Exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), in Lagos, said more exploration activities to find new resources and increasing reserves from discovered assets, would help in growing Nigeria’s overall hydrocarbon reserves. The General Manager, Asset Development and Exploration, CNL, Kunle Adeyemo, said Nigeria has a rich basin with several discovered and yet-to-be-discovered hydrocarbon resources.
On leveraging technology to unlock small fields development, especially stranded assets, he said Chevron has been at the forefront of adopting Real Time Reservoir Management techniques, which enable timely access to surveillance data and facilitates optimisation to improve recovery and reserves. He added: “These techniques are feeding into our efforts on digital transformation to enhance asset value, increase production and reserves.”
“Small pools in shelf and deepwater with marginal economics could be developed by adopting appropriate technology to lower overall development cost. Chevron has been at the forefront of adopting such technologies such as: use of unbonded flexible pipe to reduce pipeline installation and lifecycle costs, long distance tie backs to existing facilities, tailor-made gas lifts, dump flood (powered /un-powered) in assets further away from gas lift or water injection infrastructure.”
Source: The Guardian