Global depression in the oil market has recently been the main driver in forcing oil companies to discover more efficient solutions to produce hydrocarbons, as well as to optimize existing strategies and practices, whereas multilateral and branched well completion technologies act as a tool for improving performance of both new and existing well stocks.
These services have been among the premium products offered by oilfield service majors. High cost of this service derives from a limited number of players that are capable of offering and executing such high technology operations, as well as from insufficient field exposure making each implementation very unique and therefore expensive.
The advantages of multilateral wells are well-known in the industry. The most obvious ones are:
CAPEX savings on upper completion.
Step increase of the drainage area.
Wells infill drilling without expanding surface infrastructure.