This provision is for an Agreement where there is the expectation that one or more horizontal wells may be drilled within the Contract Area. This section addresses the drilling of Horizontal Wells and that they shall remain the sole property and information of the Operator
Puerto Rico Proprietary Technology Horizontalel— - Restriction on Disclosure Puerto Rico, a US territory located in the Caribbean, is known for its advanced proprietary technology used in horizontal well drilling with tightly controlled disclosure measures. This cutting-edge technology has revolutionized the oil and gas industry by allowing for enhanced extraction methods and increased productivity. Horizontal well drilling is a specialized technique used to access and extract oil and gas reserves trapped in unconventional reservoirs. Unlike vertical drilling, which goes straight down into the ground, horizontal wells are drilled at an angle to access a larger surface area and maximize the extraction potential. This method significantly increases the flow of oil and gas, resulting in higher production rates and improved operational efficiency. One crucial aspect of Puerto Rico's proprietary technology is the restriction on disclosure. Due to the competitive nature of the oil and gas industry, the specific details and technicalities of this technology are closely guarded secrets. Companies investing in Puerto Rico's proprietary technology are bound by strict non-disclosure agreements, ensuring that the innovative techniques and practices remain exclusive to the select few who have access to them. Moreover, Puerto Rico's proprietary technology is not a one-size-fits-all solution. There are different types of horizontal well systems that employ various methodologies depending on the specific geological conditions and extraction goals. Some notable types include: 1. Hydraulic Fracturing: Puerto Rico's proprietary technology incorporates hydraulic fracturing, also known as fracking, to stimulate the flow of oil and gas. This process involves injecting high-pressure fluid into the well bore, creating fractures in the rock formation and releasing trapped hydrocarbons. 2. Multilateral Well Systems: With this approach, multiple horizontal well bores branch off from a single vertical well, allowing for efficient reservoir drainage. Puerto Rico's proprietary multilateral well systems optimize production by accessing multiple zones and improving hydrocarbon recovery. 3. Intelligent Well Technology: This innovative system integrates advanced sensors and control mechanisms within the well bore to monitor and manage production in real-time. Puerto Rico's proprietary intelligent well technology provides operators with valuable data and automation capabilities, resulting in better decision-making and increased operational efficiency. 4. Managed Pressure Drilling: This technique maintains precise control over well bore pressure, particularly in formations with narrow drilling windows. Puerto Rico's proprietary managed pressure drilling technology minimizes formation damage, enhances well bore stability, and improves overall drilling efficiency. The undeniable success of Puerto Rico's proprietary technology in horizontal well drilling has garnered significant attention and interest from industry-leading companies. Despite the restriction on disclosure, the benefits of using this advanced technology are evident, driving exploration and production companies to invest in Puerto Rico and gain a competitive edge in the oil and gas sector.
