The current world petroleum industry situation is that:

  • Exploration is difficult and costs are increasing.

  • The majority of hydrocarbons being exploited today are found in existing pressure depleted or complex and lower quality reservoirs

  • Current oil prices are at their highest

Thus, world circumstances have forced today's petroleum industry to rethink both its operating methods and technologies aiming at improving recovery and reducing cost. It is believed that adoption of new technologies is the most important factor in adding reserves, enhancing recovery, reducing cost and increasing revenue. Underbalanced drilling technology is now seen as the way to achieve these objectives.

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