About
Us
About
WellSteer
In
the field of Oil and Gas or petroleum economies, two factors
drive profits.
The first, market price of oil and gas, is governed by many
elements, such as
political stability, economic growth and the weather, all
of which are outside
the control of operators. However, the second factor, production
cost, can be
controlled to some degree by the industry. Hence the challenging
focus in this
area by the E&P companies and Service Companies.
During the past decade, market price has stabilized-albeit
at a moderate
level-but exploration and production (E&P) costs continue
to rise, squeezing
margins and diminishing returns on investment(ROI). Wells
cost more to drill
and bring on stream because much of the easy oil is gone(
Nigeria, North Sea,
US land...........), leaving behind oil that defies production
by conventional
techniques and oil in deeper, more complex reservoirs in frontier
areas.
Complicated with the ever increasing demand for crude oil
supply worldwide
Nigeria as an example has ambitious capacity expansion and
in April cited
targets of 3.0mb/d by the end of 2005 and 4.5mb/d by 2010.
The country is
pushing for a higher share of OPEC target production. However,
there is
ambiguity both over the extent of decline rates from existing
field and as to
whether the stated capacity targets are solely for crude or
include gas liquids.
This necessitate the recent government drive to re-evaluate
majority of the
marginal field with the hope of squeezing any left overs.
Also E&P companies
are complimenting this initiative with innovative technology
and integrated
solutions to better optimized these fields.
Striving to remain profitable, oil companies are taking action
in three areas to
control cost First, restructuring their organizations through
mergers and
downsizing to increased efficiency and reduce cost. Secondly,
they are
redefining their business, identifying core competencies and
outsourcing non
core activities. Thirdly, they are changing the way they do
business, gradually
converting the arm's-length relationship with contractors
into more cooperative
collaborations to eliminate redundancy and boost efficiency,
exploiting new
technologies to enhance productivity.
Reducing cost and improving business efficiency without compromising
the
quality of work will be achieved through project management
and teamwork
linking innovative technology, information technology and
new ways of doing
business.
We at WellSteer are key to this initiative and partner to
E&P and Services
Companies, with our verse expertise we are providing our experience
to the
E&P companies through our services in the form of Oilfield
Consultancy
through;
Data Interpretation Services,
Project Management and Engineering
services to enable collectively these goals to be achieved.
We are indigenous
company, our scope are mainly to target Nigeria Oil and Gas
sector with focus
on the E&P companies, Services Companies and also the
small indigenous
E&P companies.
Our vision is to be a key innovative technical and solutions
enhancement
provider for E&P Companies and Service Companies to develop
and produce
Oil and Gas safely and environmentally friendly manner of
Nigeria economy
through innovative technology, IT infrastructures, motivated
workforce and
commitment to quality and safe environment.
With over 15 years experience in the industry with expertise
in both clastic and
carbonate reservoirs, international experiences in North and
South America,
Africa, Middle East and North Sea, we are poise to provide
verse expertise and
quality services to our customers allowing them to make
better-informed
operational decisions.more
New
WellSteer
Company Profile [PDF],
WellSteer
Brochure [PDF],New
WellSteer
Oilfield Bulletin September [PDF],WellSteer
Solutions Brochuree [PDF],
WellSteer Oilfield Bulletin October
Edition [PDF],Geomechanics
Brochure [PDF
WellSteer E&P Training Calendar 2013
WellSteer Facility Training Schedule 2013
For
all inquiries email us at info@wellsteer.com
Please
report bugs and suggestions to
webmaster@wellsteer.com
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