SPE Technical Directors’ Outlook an Obsession With Value and Cost

Topics: Offshore Onshore
Source: Getty Images.

After years of low oil prices, the focus is on adding a lot of value for a little cost. SPE’s technical directors are talking about adding value to everything from a petroleum engineering degree to a wellbore.

A failure to do so can mean a degree that does not prepare a student to contribute after graduation, or a well whose production fades early.

Those working as petroleum engineers have a generation’s worth of challenges to address due to the push into unconventional development. Those results will determine how much value can be coaxed from these ultra-
tight rocks.

For those designing projects that will get built, it pays to think small. A standardized, modular design can deliver value at a cost that is lower, and more likely to come in within the budget.

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SPE Technical Directors’ Outlook an Obsession With Value and Cost

Stephen Rassenfoss, JPT Emerging Technology Senior Editor

01 January 2018

Volume: 70 | Issue: 1

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