Meeting energy demand, efficiently
Global demand for energy is expected to increase by 50% between now and 2030. Eighty-five percent of the energy to meet this demand is expected to come from fossil fuels
But these resources are getting harder to find and develop, increasing the need to maximize recovery from existing assets and replace produced reserves by accessing new, more difficult provinces.
Maximizing recovery poses many technical challenges for BP’s scientists and engineers. Tapping the residual oil in our fields is costly, but offers the prize of recovering billions of extra barrels over the next 20 years. Maintaining production in geological formations featuring high levels of sand and salt is a need that is expected to arise in roughly half of BP’s production wells in 2010. In maximizing production, we face the challenge and the opportunity of using digital technologies with the potential to transform the way we operate our assets.
| Using the latest seismic technology to see through reservoir salt formations | Tackling the challenges of deepwater production using new technologies |
| Exploiting digital technologies to improve performance and optimise production | How we are unlocking 60% of our gas reserves in North America and Canada |
| Tackling and reducing the damage caused by highly erosive sand | Using this unconventional resource to help us meet the growing energy demand |
| Meeting growing global demand by maximising the yield from existing oil fields |
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