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.
One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports. After 70 years of production, more than 30% of the Arab C reservoir stock-tank original oil in place has been recovered through various mechanisms including natural depletion, waterflooding, gas lift implementation, and horizontal-well development. The North field offshore Qatar was observed to have a chance of inner annuli becoming charged with shallow-gas pressure with possible communication to other annuli, which was thought to be a well integrity concern. Airborne imaging spectroscopy has evolved dramatically since the 1980s as a robust remote-sensing technique used to generate 2D maps of surface properties over large areas.
Is the Cloud Mature Enough for High-Performance Computing? Data volumes are growing at an exponential rate. How can high-performance computing solutions help operators manage these volumes? Will faster, stronger processors and cloud computing solutions be the answer? Last year saw continued contraction in the seismic data-acquisition industry.
This paper introduces a new core-analysis work flow for determining resistivity index (RI), formation factor (FF), and other petrophysical properties directly from an as-received (AR) set of core samples. In this paper, the authors discuss the characterization process for GR tools and how they behave in boreholes different from the one used in the University of Houston (UH) GR characterization pit. This paper discusses a study undertaken to gain better understanding of nuclear magnetic resonance (NMR) characteristics of volcanic reservoirs with different lithologies. Formation evaluation drew special attention at the 2019 International Petroleum Technology Conference Education Week in Beijing, 24–28 March 2019. The student team that worked on Integrated Formation Evaluation for Resources Exploration and Reservoir Delineation won the first-place award. The first subsea multiphase boosting system was installed in 1994. Since then, it has grown into a technology with a global track record. A new enabling technology known as electrically heat-traced flowline (EHTF) will be used to enable system startup and shutdown and to maintain production fluids outside of the hydrate envelope during steady-state operation. This study incorporates previous learnings, as well as globally collected data, to develop a strategy that can be used to help implement an industry-specific mental health program. The value of hidden-danger data stored in text can be revealed through an approach that can help sort and interpret information in an ordered way not used previously in safety management. This paper highlights the results of a test campaign for a tool designed to predict the short-term trends of energy-efficiency indices and optimal management of a production plant. This paper presents the recent expansion of UNFC guidance to cover social and environmental effects and the further transformation of the system to make it a valuable tool in resource management for governments and businesses.
Regulators say the blowout that killed five workers on a Patterson-UTI rig in Oklahoma was the product of a slow-moving series of missed signals, misleading testing, and miscalculations that failed to control a natural gas influx. The new well control rule is evidence that memories of the Macondo blowout remain a powerful force for caution. Despite the rhetoric on both sides of this hot-button issue suggesting big changes, the final changes were incremental. Nonaqueous drilling fluids, such as synthetic-based and oil-based mud (SBM and OBM, respectively), are used frequently to drill one or more sections of a well to reduce drilling problems such as shale sloughing, wellbore stability, and stuck pipe. Three onshore fields in the Emirate of Sharjah, United Arab Emirates, have more than 30 years of production history from more than 50 gas-condensate wells.
This paper introduces a new core-analysis work flow for determining resistivity index (RI), formation factor (FF), and other petrophysical properties directly from an as-received (AR) set of core samples. This paper discusses a study undertaken to gain better understanding of nuclear magnetic resonance (NMR) characteristics of volcanic reservoirs with different lithologies. Is the Cloud Mature Enough for High-Performance Computing? Data volumes are growing at an exponential rate. How can high-performance computing solutions help operators manage these volumes?
The strategy supports the Maximise Economic Recovery from UK Oil & Gas Strategy and Vision 2035, whose goal is to achieve £140 billion additional gross revenue from UKCS production by that time. The projects are designed to reduce technical risks in enhanced oil recovery and expand application of EOR methods in conventional and unconventional reservoirs. In recent years, some effort has been made to use EOR techniques, particularly CO2 injection, to extract additional oil and gas from unconventional resources. This has the potential to change the dynamics (again) of oil production from these tight and difficult reservoirs. One of my best moments is to have made the technical case for polymer flooding and to see the fruits of this several decades later.
Findings from Kayrros suggest the average Permian well is both less productive and more expensive than reflected in public data. The projects are designed to reduce technical risks in enhanced oil recovery and expand application of EOR methods in conventional and unconventional reservoirs. Twelve organizations—universities and private technology companies—will conduct research and development on emerging shale plays and technologies covering everything from digital pressure-sensing to smart microchip proppant. The evolution of hydraulic fracturing is a long and circuitous one that deserves examination. Engineering and completions leaders from Liberty Oilfield Services did just that, authoring a paper that encapsulates the high points in the development of the groundbreaking completions practice.
The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems. Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix. Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows. Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption.