Message From Our Sponsors: For 20 Barrels of Brent, You Can Secure Your Place
Technology training is something no energy firm can do without—at least not if they want to remain competitive and to move with a changing market. But in a difficult economic climate, with oil prices continuing to fall, many firms have to choose between costly training and cutting expenditure.
Thankfully, one technological consulting firm, Fenix, has recognised this problem—and it's offering to solve both problems at once. Firstly, it's offering a fracture stimulation training course that aims to help your firm to improve hydrocarbon extraction efficiency using stimulation of your reservoirs, thereby improving well economics at ~$30/bbl. Secondly, it's tying the cost of this two-day training course to the cost of 20 barrels of Brent oil per person, based on the spot price at the day of the course.
Fracture stimulation has historically been a technology applied to lower permeability, economically challenging reservoirs, to make hydrocarbon recovery more efficient and deliver profitable wells. Thanks to the success of this technology in the US, the oil price has fallen dramatically in the last 12 months, leaving many higher permeability reservoirs with marginal to negative economics. Using the technology and field development philosophy that made unconventional oil production economic will also help to make your better permeability reservoirs more economic with the current low oil price.
If you're interested in increasing the efficiency of your operations and reducing your lifting costs per barrel or Mcf, this course, which takes place March 3 to March 4 in Delft, the Netherlands, is not to be missed. You can choose to hedge the cost of your training and pay $1,000 a head, of course. But, should the current Brent barrel price remain as low, you stand to make a major saving by choosing to pay the 20-barrel price.
Places are strictly limited on this training course; a maximum of 10 people can attend. Make sure you or a member of your team is one of those 10. Secure your place by clicking here to email Fenix directly.