About the Workshop
The ‘standardisation’ in the context of this workshop is about uniformity and consistency in how business is run efficiently in order to achieve the excellence mentioned above. The scope is not limited to equipment specifications, but how organisations are set up to learn, adapt and quickly replicate best practices. Standardisation also means that every organisation is not trying to find cost savings measures in unique ways, but rather gain efficiency through rapid replication, with repeatable and simplified processes. Contrary to popular belief, standardisation is also expected to accelerate innovation, and reduce risk in business. Modernisation in the area of digitalisation has helped realisation of this theme, whereby people and organisations are able to better track, trace, integrate, and deliver effectively.
Specific benefits expected to be gained through ‘standardisation’ involves all areas of the Wells business, such as drilling, completions, HSE, intervention, and abandonment.
- Asset performance where unit cost per barrel can be reduced.
- Service providers can reduce the variety in equipment and service specification to focus on effective execution and lower downtime.
- Inventory reduction and easily reusable and re-sellable surplus equipment, thus, increasing economies of scale.
- Predictable well performance with examples of standardising the type of installed capital equipment as well as vendor’s tools.
The workshop will assess the current state of standardisation and provide the industry with best practices and recommendations on how standardisation has been successful and can be replicated by all. The scope of the workshop and presentations will cover the following areas:
- Wells design – focused on standard designs to fit its respective play, potentially saving turnaround time on engineering and assurance.
- Supply chain management – focused on material and equipment specifications.
- Contracting and procurement – focused on innovative contracts, reducing turnaround time to deliver new contracts, and the ability to realise reduced unit cost as well predictable outcome from vendors.
- Well intervention and abandonment – where standardisation demonstrably reduces unit technical cost ($/bbl) or improved opportunities in existing wells.
- Vendor equipment/tools specifications – where standardisation demonstrably reduces cost and improves reliability.
- Work units (rigs/intervention units etc.) – standardisation of equipment requirement across fleets and rig acceptance practices.
- Process management – standardisation in process flow and organisation structures to enable a lean delivery.
- Technology and digitalisation – as we progress through the modern age, technology and digital tools are expected to be a key enabler for standardisation.
Benefits of Attending
Seek effective approaches to standardise holistically to efficiently save time and cost
Gain insights from previous lessons learnt from standardisation case studies
Improve knowledge regarding possible standardisation of equipment, rigs, procedures and more
Hear from both practitioners and regulators about collaboration, practices and recommendations