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Smart partnerships, advanced planning enable marginal field projects for Vestigo Petroleum

As a marginal field operator, Vestigo Petroleum realized at the onset of the downturn that the company must think unconventionally if it is to succeed in an era of lower oil prices. The operator, a subsidiary of Petronas Carigali, has since adopted a strategy that incorporates smart partnerships and significant advanced planning in order to complete projects where well costs are 40-50% of the project CAPEX. In this video from the 2018 IADC/SPE Asia Pacific Drilling Technology Conference on 29 August in Bangkok, Thailand, DC Managing Editor Linda Hsieh speaks with Fauzi Abbas, Head of Well Engineering for Vestigo, about the company’s work scope and how common goals can be set across teams to achieve operational excellence.

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