Reviving mature oilfields
Six mature oil fields in Kincora, QLD were suspended primarily due to low oil price.
The objective of this project is to develop opportunities to enhance the recovery of the fields in the most economically efficient way. The fields has been systematically analysed by utilizing data to review the opportunities and value that may exist.
A different development strategy for each field was developed by incorporating technical petroleum engineering knowledge along with business evaluation. Nowadays, new discoveries are more challenging and expensive, hence, reviving mature fields is the future of the industry.
Future energy and resources
Australian School of Petroleum
Sharifah Wan Madihi
Muhammad Khizr Amir