DPR Evaluation: Proposal development
The Department of Petroleum Resources is currently under pressure as a result of falling oil and gas reserves following the threat of the development to the country’s economy. The agency has developed short and medium-term strategies to increase the reserves. Also, there are long-term strategies targeted at sustaining the reserves. Our correspondent gathered that the DPR planned to undertake more seismic data coverage for better regional and basinal studies and drilling of exploration wells in the short to medium term. It is also working towards active exploration drilling and drilling for deeper plays in the short to medium term. To sustain the reserves, it hopes to implement enhanced recovery methods for the short, medium and long terms; and also achieve unitisation of non-straddled reservoirs in the short to medium run. More so, it is considering bitumen exploration and exploitation in the short, medium and long terms; while developing small (marginal) fields in the short to me...