PRN: Oil and Gas iQ Releases the Survey Result on Key Trends and Challenges Surrounding Mature Fields

26/mar/2012 09:03:02 PR Newswire Turismo Contatta l'autore

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Oil and Gas iQ Releases the Survey Result on Key Trends and Challenges Surrounding Mature Fields


LONDON, March 26, 2012 /PRNewswire/ --

In the last few years, Norwegian oil production rates fell more than any other country globally. Production from Norway's giant mature fields is declining and there is a window of opportunity to extract these resources effectively. It is now a matter of urgency for the industry to innovate and collaborate so it is not missed.

In preparation of Mature Fields 2012, Oil and Gas IQ surveyed around 100 industry professionals with the purpose of assessing the key trends and challenges surrounding mature fields, and how to enhance oil recovery, especially the oil reserves in the North Sea.

The survey shows that 70.8% of the participants consider that the North Sea Oil and Gas community has not fully realised the potential of its mature fields, whilst 58.3% believes the mature fields will produce greater returns than the new field development in the next 10 years.

So what should be done to improve recovery? Better technology selection and application was the most reported solution, according to the survey respondents. Other options include:

  • Operation optimisation
  • EOR reservoir characterization
  • Less regulation and red tape
  • Better fiscal environment
  • Improved reservoir characterisation and management

For more information on the mature fields survey, please download the report here or visit

Taking place in Stavanger on the 21st - 23rd May, Mature Fields 2012 gathers senior oil and gas production professionals to discuss the latest strategies to maximise recovery on mature fields. Some of the topics will be covered at the conference include Field Development, Asset Integrity Management, Oil and Gas Production Enhancement and Infrastructure Upgrades.

For the complete event agenda and the full speaker line-up, please download the Final Brochure here.

About IQPC

IQPC has an established reputation for delivering the highest standard of industry specific conferences, seminars and internal training programmes. We aim to keep business executives up-to date with the forefront of their industries' trends, technological developments and regulatory landscape.

For more information and registration, please visit Alternatively, call us on +44(0)-207-036-1300 or email


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