Advances in technologies used for well drilling and completion have enabled the energy industry to reach new sources of oil and natural gas to meet rising demand around the world. New technologies have also helped reduce the environmental impact of energy production by allowing more oil and gas to be produced with fewer wells.
Watch an animated video to learn more about full wavefield inversion technology.
Four decades ago, ExxonMobil pioneered an exploration technology called 3-D seismic, which uses sound waves to form sharp three-dimensional images of underground formations, facilitating the location of oil and gas deposits.
ExxonMobil scientists developed Remote Reservoir Resistivity Mapping, or R3M. It is a sophisticated technology based on a simple fact: that oil and gas are poor conductors of electricity.
Advances in technology have enabled ExxonMobil to produce offshore oil and gas deposits in water depths that were impossible a generation ago.
Canada’s oil sands are ranked third only to Saudi Arabia and Venezuela in terms of recoverable oil reserves.
With a deep base of technical knowledge and a commitment to improving environmental performance, ExxonMobil is active in the evaluation and adoption of Carbon Capture and Storage (CCS) around the world.