Environmental impact and energy security are very visible and create serious challenges for society and our planet. The transition to clean energy is urgently required and is driving significant change in the way we think about the future of the petroleum industry.
There is an inevitable reality that hydrocarbons will account for a large proportion of global energy mix for many years to come while older assets will gradually have to be retired. It is therefore incumbent upon us as professionals in energy to manage responsibly aging assets and develop new ones in more sustainable ways. The effective lifecycle management of well risk and integrity is a critical part of this effort. We must manage wells safely, economically and with minimal environmental impact to support an effective energy transition and safeguard our common future