Growth of Sidetracking Market to be Impacted by the Production Optimization of Mature Oil and Gas Fields| Technavio
The production efficiency of oil from a mature oil and gas field starts declining when the field attains its production peak.
- The production efficiency of oil from a mature oil and gas field starts declining when the field attains its production peak.
- However, an efficient oil and gas drilling operation can improve the success rate of projects involving oil and gas recovery from mature fields.
- This is encouraging oil and gas companies to boost productivity and optimize oil and gas recovery by employing techniques such as sidetracking and EOR.
- Thus, the need for production optimization of mature oil and gas fields will boost the growth of the market during the forecast period.