Well Integrity in a Cha(lle)nging World
The world is changing and concerns over our impact on climate and environment becomes more and more important drivers in our personal lives as well as our work lives. Tight margins, introduction of updated regulations and societal and environmental demands for how we manage existing and new assets becomes a more and more important challenge to the E&P industry to maintain our license to operate. However, energy demand will persist and hydrocarbons will continue to play an important role for the next decades.
Some E&P companies are moving towards establishing themselves as broader and greener energy companies; this will require heavy investment in alternative energy sources to be funded by hydrocarbon income for the years to come. Value challenges of new and existing developments on all frontiers, offshore, subsea, and onshore, are still very real in the current market. Furthermore, to meet societal and environmental demands, E&P companies also involve themselves in Thermal and Carbon Capture Underground Storage (CCUS) projects providing challenges to master the new well designs and/or change of use of our wells. At the same time, our industry’s reputation does not attract the new generations and the current demographic situation will challenge the industry in mastering these skills.
The challenges that are related to management of well integrity are considerable in aging fields; extending the well operating life and the high cost of well abandonment in a more stringently regulated environment demands far greater transparency in assurance managing the wells within operating limits over their full lifecycle; even more so when the wells may become part of a CCUS project.
The workshop will address the various issues related to the changes happening to our industry. Sessions will cover:
What Can You Expect at an SPE Workshop?
Intensive learning in a short period of time
Highly focused technical topics
Peers facing similar business and technology challenges
Collaborative learning experience
Connections with specialised E&P experts