This seminar will teach participants how to identify, evaluate, and quantify risk and uncertainty in everyday oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The seminar also briefly reviews statistics, the relationship between risk and return, and hedging and future markets. Strategic thinking and planning are key elements in an organisation’s journey to maximise value to shareholders, customers, and employees. Through this workshop, attendees will go through the different processes involved in strategic planning including the elements of organisational SWOT, business scenario and options development, elaboration of strategic options and communication to stakeholders.
The authors detail the development of a technique based on surface-to-borehole controlled-source electromagnetics (CSEM), which exploits the large contrast in resistivity between injected water and oil to derive 3D resistivity distributions, proportional to saturations, in the reservoir. The Earth is complex in all directions, and hydrocarbon traps require closure—whether structural or stratigraphic or both—in three dimensions. The Risha concession, in the desert of eastern Jordan (bordering Iraq, Syria, and Saudi Arabia) contains the partially developed Risha gas field.
This paper discusses the first multilateral well with a Level-4 junction combined with an inflow-control device (ICD) planned, designed, and drilled in the Upper Burgan reservoir of Raudhatain field, north Kuwait. Several designs for autonomous inflow-control devices (AICDs) are available. The comparative properties and abilities of these designs are the focus of this paper. As part of a project that involves the use of four artificial islands to drill and complete more than 300 extended-reach-drilling (ERD) wells in a giant offshore oil field, several completion designs have been piloted for brownfield development.
A recent episode involving three, allegedly Iranian, vessels and a British-flagged tanker near the Strait of Hormuz is just one of the recent events of this nature. Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials said, highlighting concern about mountainous terrain where two armed groups are active. Draeger Safety is seeking to expand its market share in Iran’s petroleum industry.
This paper will demonstrate that, instead of building higher security fences, the process of understanding marginalized communities and engaging with neighboring communities is key to building relationships and neutralizing hostility. Forging an authentic and meaningful brand for major projects in complex and challenging regions is an under-rated tool for managing risk—but not at the Rumaila oilfield in Southern Iraq. Iraqi forces are preparing an operation to consolidate control of an area near the Iran border to be used for the transit of Iraqi oil, two officials said, highlighting concern about mountainous terrain where two armed groups are active. Iraq plans to use drones to monitor and protect its oil export and production pipelines from the first quarter of 2018, an oil ministry spokesman said on 18 December.
Saudi Aramco’s Southern Area Oil Operations (SAOO) organization is one of the company’s critical areas of operations. This paper sheds light on SAOO’s continuing journey of sustainability and discusses implemented and planned activities that make sure the journey continues. Saudi Aramco and Raytheon signed a memorandum of understanding to establish a joint venture that will develop and provide cybersecurity services in Saudi Arabia and the region.
The American Petroleum Institute announced the publication of its Guide for Developing an Unmanned Aircraft Systems Program, which will help ensure worker and operational safety as the industry introduces drones in its operations. An oil pipeline that runs across Saudi Arabia was hit by drones on 14 May west of its capital of Riyadh, the Saudi energy minister said, shortly after rebels in Yemen claimed they carried out coordinated drone strikes against the kingdom. Unmanned aerial systems (UAS) are lightweight, low-cost aircraft platforms operated from the ground that can be outfitted with imaging or nonimaging payloads. UASs offer health, safety, and environment professionals a promising opportunity to reduce risks by keeping people out of harm’s way. Iraq plans to use drones to monitor and protect its oil export and production pipelines from the first quarter of 2018, an oil ministry spokesman said on 18 December.
Anadarko Petroleum wants a fleet of at least six vehicles with armor heavy enough to stop AK-47 bullets at its natural-gas project in Mozambique. And it needs them soon. By examining two very different security-risk environments, this paper will illustrate how easily security-related human-rights risks can go unnoticed unless care is taken early in the risk-management process. A third Damen security vessel will be deployed to provide security and other support services to the international offshore oil companies active off the coast of Nigeria in the Gulf of Guinea, in cooperation with the Nigerian Navy. Sinopec’s Shengli oil field became the latest victim of the ransomware that hobbled big business across the globe.
The objective of this study was to look at factors that can affect a temperature log and steps that can be taken to improve temperature-measurement accuracy. This paper covers the staged field-development methodology, including analysis and evaluation of various development concepts, that enabled the company to optimize both completion design and artificial-lift selection, reducing downtime and lowering operating costs by nearly 50%. The First Eocene is a multibillion-barrel heavy-oil carbonate reservoir in the Wafra field, located in the Partitioned Zone between Saudi Arabia and Kuwait. After more than 60 years of primary production, expected recovery is low and provides a good target for enhanced-oil-recovery processes.
The operator piloted a new well-completion design combining inflow-control valves (ICVs) in the shallow reservoir and inflow-control devices (ICDs) in the deeper reservoir, both deployed in a water-injector well for the first time in the company’s experience. This paper discusses the first deployment of an ICD system combined with an OBC system for a workover operation in a mature producer well in the Kingdom of Saudi Arabia. With the objective of increasing its production to 4.0 million BOPD, the Kuwait Oil Company (KOC) is developing its fields with optimum technology solutions. This paper discusses the first multilateral well with a Level-4 junction combined with an inflow-control device (ICD) planned, designed, and drilled in the Upper Burgan reservoir of Raudhatain field, north Kuwait. Work conducted in the Surmont field of Alberta, Canada, provided an excellent starting point to optimize flow-control improvements to the SAGD process.