Now that American oil and gas development has been given the green light, Argus can increase long term production of existing large oil and gas fields by 10%, and unlock currently unproductive, unprofitable fields by another 10%, resulting in an increase in long term oil and gas production by $3 trillion or more at current prices. 

 

There is a current daily production crude oil shortfall of six million barrels.  That shortfall has to be made up by imports from Canada, Venezuela and the Middle East.  By opening up new fields for profitable production, daily production can eventually meet daily demand, and America can achieve energy security in crude oil. 

The second most urgent demand for Argus (PRM) is in the Middle East.  By continuously monitoring production and EOR operations (waterflood or CO2 injection), Argus can increase revenues in the Ghawar Field alone by $500 BILLION on more over the lifetime of the field—at current oil prices.  Extrapolating this capability throughout the Middle East, the uplift is in the trillions of dollars, securing low-cost energy to fuel global economic growth for generations and contributing to global security.    

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