According to experts, 95% of oil from shale plays is left in the ground and two thirds of fracks are not produced. This happens because traditional interpretation of well logs are not applicable for formation evaluation in shale plays.
As result, the operators have been developing shale deposits blindfolded using a geometrical approach trying to frack and drill everything.
This approach results in:
Fracking low producing zones
Missing the best zones
Drilling low producing horizontal wells
P&I Energy will base our operations on industry best technology developed for shale reservoirs, which will allow us to conduct an recovery efficient operation resulting in:
