Risk Assessment and Reduction for an Innovative Subsurface Well Completion System

In recent years, many oil and gas fields have been discovered in ultra-deep sea (UDS). Some of these fields are evaluated to have no commercial value if existing oil field development approaches are used, especially while the oil prices remain low. A new alternative field development solution, termed as Subsurface Well Completion (SWC) system, is proposed with the aim to produce oil and gas in a cost-effective manner in UDS. This system …