Upstream O&G Industry: Highlights R&D importance and shift towards sustainability

Reviewer Outline: In the following article published in JPT magazine on July, 2023, the authors discuss the grand challenges in technology and R&D for the upstream oil and gas industry. It outlines the findings from a workshop held in 2023, where thought leaders identified five technical challenges: improved recovery from tight/shale resources, net-zero upstream operations, carbon capture, utilization, and storage (CCUS), geothermal energy, and digital transformation. Additionally, a sixth nontechnical challenge was identified – education and advocacy. The challenges encompass a range of issues such as improving recovery from unconventional resources, reducing emissions from operations, developing carbon capture technologies, advancing geothermal energy production, and leveraging digital technologies for industry transformation. The article emphasizes the need to focus R&D and technology efforts on addressing these challenges to benefit both the industry and society.

Authors: Thomas Halsey,?Gaurav Agrawal,?Jeffrey R. Bailey,?Matthew Balhoff,?Scyller J. Borglum,?Kishore K. Mohanty,?Michael Traver

Reading Link: "Grand Challenges for the Oil and Gas Industry for the Next Decade and Beyond"

Published: Journal of Petroleum Technology, July 2023, Volume 75, Number 7, Page 52

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