On Tuesday, January 8, 2019, BP came forth with major news. Using new and advanced seismic monitoring technology, they have discovered over 1 billion barrels of oil in the Gulf off the tip of Louisiana at Thunder Horse field. The news didn't stop there. BP claims they will also invest $1.3 billion dollars into the Atlantis offshore field just south of New Orleans.
Well stimulation is generally accomplished through three primary methods: explosives, acid injection, and hydraulic fracturing. Hydraulic fracturing is currently the most popular as it has proven to be more effective, efficient, and safer than older methods. However, all three methods are often used.
While Texas alone is on track to becoming one of the world’s three leading oil producers, records are being shattered in other sectors of U.S. oil production. The Gulf of Mexico is set to soar past a previous oil production record set in 2009. Energy consultancy Wood Mackenzie has made bold predictions for 2018 production totals if everything stays on course.
As long as there has been an oil industry, there have been corrosion and erosion. Upstream, midstream and downstream operators have constantly sought better ways to protect their assets and safeguard both health and safety and the bottom line.