Now is the time for increased adoption of innovation in the oil and gas industry.
Sensalytx was formed to answer the UK government call for innovations;
- to maximise economic recovery from existing oil & gas assets
- to reduce the costs of decommissioning wells
Well management should be optimised for efficient oil production and the protection of the environment in late life well stock.
After decades of oil production, North Sea production rates are declining, yet still hold a lot of potential. Maximised recovery is possible if operators adapt swiftly and adopt flexible processes and novel technologies.
Decommissioning will become a major activity in the North Sea when production is no longer commercially viable. Wells must be abandoned with care – safely and securely.
We at Sensalytx are convinced that vastly improved data processing and interpretation will make well management and abandonment safer, more secure and increasingly cost-effective.