SPE Formation Damage Control and Mitigation Workshop: Innovation—The Key to Success

Over the last 12 months, our industry has seen a massive decline in the price per barrel of oil which has forced operators to cut costs very sharply in some regions in order to become “lean” with well operations. The outlook assessment for the next three to five years has predicted the oil price to remain below $80/barrel, meaning challenges still remain for operators and service companies to come up with cost effective solutions.