As the offshore market prepares for an upcycle that could extend through 2024 or 2025, near- and mid-term objectives remain largely unchanged—generate free cash flow and maximize returns from existing assets. In addition, the industry is being increasingly challenged with lowering the incremental carbon intensity of barrels produced.

In this article, Schlumberger's Wallace Pescarini, President - Offshore Atlantic, highlights how a strategic and proactive approach to asset life extension is helping offshore oil and gas operators identify new opportunities to maximize production and return on OPEX, while also reducing the carbon footprint.

Download the PDF.