Comprehensive formation evaluation is one of the technical focus areas that is fundamental across almost all upstream businesses. So, how well are we doing in modern formation evaluation? In resources exploration, we have come a long way from the historical wireline (WL) triple combination of logging of bulk density, neutron porosity, and resistivity for reservoir lithology, porosity, and saturation, respectively. In field development, logging-while-drilling technologies have advanced so much that they can provide almost WL-log quality and capability. In reservoir surveillance, game-changing technologies are emerging that enable us to illuminate the reservoir in four dimensions through measurements across wells, from wellbore to surface, and monitor smart-nanoparticle movement in situ.
The need for standardization of subsea equipment has never been greater. With the drop in oil prices, cost reduction has become critical. Project sanctioning is more dependent than ever on reducing cost. The benefits of equipment and process standardization will reduce cost on many fronts, including manufacturing efficiencies, increased safety, reduced risks, reduced specialized training, and reduced delivery times. All of these have a positive effect on the bottom line.
If there is a discipline where current conceptual research and technology development expand simultaneously, involving highly interconnected people, it is health, safety, security, environment, and social responsibility (HSSE–SR, or HSE in brief). There are two reasons for that. The first one is the unique relationship between that discipline and society at large, which generates new challenges for or objections against the oil and gas industry every day. The second one is that the HSE discipline is rather young, compared with other exploration-and-production disciplines.