TOPICS OF INTEREST
These Are the Forks in the Road to Drilling Automation
Along its journey to full-automation, the US drilling sector is facing a series of important crossroads that will determine what the so-called “rig of the future” really will be.
Want To Make Deepwater More Profitable? Shell Says Listen to the Facility Staff
One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets.
For Pemex, Partnerships and Profitability Are The New Focus
The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.
Industry Perspectives Vary on Implementing Effective Social Performance
Social responsibility has become a common term but what defines “social performance?” In a globalized economy, with multinational corporate and state actors having a more immediate effect on individual lives than ever before, social performance initiatives should not be viewed as an expendable cost.
Oil and Gas Producers Find Frac Hits in Shale Wells a Major Challenge
In North America’s most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.
Shell CEO Ben van Beurden To Speak at SPE Offshore Europe 2017
Royal Dutch Shell CEO Ben van Beurden is to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5–8 September.
CERAWeek: Pumping the Brakes on Electric Vehicle Uptake
If a boom in electric vehicle sales takes place, a group of auto experts suggest it would represent a larger immediate threat to electricity supply than it would to oil demand.
President's Column: Talent Everywhere
SPE President Janeen Judah writes, "When the upturn occurs—and it will happen—are we ready to move forward with a next-generation workforce?"
SPE Offshore Europe: BP CEO Bob Dudley to Lead Opening Plenary
CEO Bob Dudley, who calls BP’s UK North Sea business one of its “crown jewels”, will address hundreds of delegates at the opening plenary session at Europe’s foremost exploration and production technical conference and exhibition.
Risk-Based Abandonment-Prioritization Strategy for Inactive Subsea Wells
This paper describes how an exploration-and-production company successfully developed and applied a qualitative risk-based abandonment-prioritization strategy for an inventory of inactive subsea wells.
Unconventional Risk and Uncertainty: What Does Success Look Like?
This paper presents approaches for proper risking of uncertain recoverable volumes for an unconventional resource, taking into account the chance of false positives from appraisal-well information.
Risk Management at NASA and Its Applicability to the Oil and Gas Industry
At NASA, the qualitative approach to risk assessment is augmented by a quantitative technique to mitigate low-probability, high-consequence outcomes.
Low Prices Trigger Much-Needed Change Through a Holistic Approach
A reason why projects are not completed on time is the disconnect between operators and contractors. An integrated asset approach tackles complex offshore jobs by being holistic and full field in nature and encompassing the planning, building, and operating phases of a project.
Operational Risk: Stepping Beyond Bow Ties
This paper presents a multiple-physical-barrier (MPB) approach to operational risk management by focusing on physical barriers and success paths that enable each barrier to perform its safety functions.
The Influence of Communication About Safety Measures on Risk-Taking Behavior
Risk-taking behavior is an important contributing human factor to incidents and is notoriously difficult to influence. This study examined how safety measures and uncertainty affected the risk-taking behavior of participants.
Service Company Explores Pathways To Make Driving Inherently Safer
This paper explores whether factors other than the driver can be influenced to increase overall driving safety. This is an application of the risk management approach of using fundamental design and layout to reducing the likelihood and severity of incidents.
Seismic Shifts in Oklahoma Lead to Stricter Regulations
Industry regulators in Oklahoma have rolled out broad new restrictions on more than 600 disposal wells as part of the largest action of its kind taken in response to earthquakes.
Industrial-Sized Cyber Attacks Threaten the Upstream Sector
Cyber threats have expanded beyond data breaches and the theft of intellectual property. Drilling and production assets are at risk of being disrupted or destroyed due to vulnerable control systems.
Management — Managing Project Uncertainty: The Delphi Method
Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.
Understanding Uncertainty and Risk in Capital Projects
Speakers at the recent SPE Asia Pacific Unconventional Resources Conference and Exhibition addressed the role of uncertainty and risk in sanctioning megaprojects.
Method for Adaptive Optimization of EOR Performance Under Uncertainty
The authors present a method to reduce uncertainty in EOR performance adaptively while identifying an optimal operational strategy for a given tolerance to risk.
Data Management and Communication
Many business and digital corporations claim that between 100 billion and 200 billion devices could be connected by 2020.
Enhancing Well-Work Efficiency With Data Mining and Predictive Analytics
Failure to prioritize objectives and improper selection of candidate wells can have significant implications for both derived value and potential risk.
Do Data-Mining Methods Matter? A Wolfcamp Shale Case Study
Data mining for production optimization in unconventional reservoirs brings together data from multiple sources with varying levels of aggregation, detail, and quality.
Data-Driven Production-Impact Assessment During Unplanned Facility-System Events
A data-driven approach to successfully analyze and evaluate production-fluid impact during facility system divert events is presented. The work flow effectively identifies opportunities for prompt event mitigation and system optimization.
17 May 2017