Exploration and production asset owners focus their most vital resources—capital, technical expertise, and management time—on core areas and activities in order to maximize the value of their investments. Therefore, it is not unusual for E&P companies to have a number of declining fields in their portfolios that may hold substantial upside potential but lack the resources necessary for further development. In many cases, teaming up with professional service providers and applying innovative technologies has proven effective in revitalizing mature properties.

This article describes how ChevronTexaco and Landmark's Consulting & Services group joined forces to resurrect a 30-year-old, noncore asset in...

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