Global Discoveries by Oil Majors on the Rise
The big oil companies are making their mark on the oil and gas industry this year with significant discoveries of new oil reserves and resources. The right MWD technical support is necessary to make the most effective use of these new resources. Keeping a close eye on these developments can help you to achieve the highest profits for your oil and gas business in the industry.
Big Oil Once Again on the Rise
ExxonMobil was the big winner of the oil exploration race this year, making three big discoveries and accounting for more than 38 percent of the newly discovered deposits. These reserves were discovered in the Eastern Mediterranean, off the shore of Guyana and Cyprus. Total, a Paris-based company, struck oil with its Brulpadda find just off the coast of South Africa, which could hold more than 1 billion barrels of oil. CNOOC, a Chinese oil company, partnered with Total in the North Sea. They discovered approximately 250 million barrels of oil in this offshore area. Another major find went to Repsol, which included about two trillion cubic feet of petroleum reserves in the South Sumatran seas of Indonesia.
Making the Most of Available Resources
Experts advise that if the current rate of discovery continues, 2019 will come in at least 30 percent higher in discovered resources than 2018. MWD training and technical support is critical to ensure that oil companies extract the maximum amount of petroleum from reserves. MWD technologies allow precise positioning of drill equipment and can report back all relevant data to allow operators to manage these activities efficiently.
Preparing Your Team to Succeed
Your drilling crew needs the right tools and training to implement MWD in the best way. Working with a company that offers MWD technical support will provide added resources and information for your drilling site. Companies that rent or sell MWD kits are often good sources of information and support for your drilling team throughout operations.
At MWD Supply, we offer the MWD rental and purchase options to achieve maximum productivity in the oil industry. We can also provide MWD technical support and training to help your crew perform to the highest standards. Give us a call today at 281-664-0196 to get a quote or to request more information. The team at MWD Supply will be happy to work with you.