ATCE: The Demand for Greater Efficiency Across Operations

Journal of Petroleum Technology 

Being able to survive and even thrive during a stretch of lower oil prices was a common theme that ran through many of the panel and plenary sessions this week during the SPE Annual Technical Conference and Exhibition in Dubai. During a session on the second day of the conference, both service providers and national oil companies debated what increasing efficiency in E&P operations requires. National oil company executives on the panel called for greater standardization of materials and processes, increased automation, more effective use of data, and greater collaboration across the industry. The oil and gas industry needs efficiency solutions not just for the short term but for the next decade, said panel moderator Amran Marhubi, technical director for Petroleum Development Oman. "Lower prices are going to be with us for quite some time," he said. Despite the downturn, Saudi Aramco is not slowing its initiatives but is continually trying to increase efficiency, in rate of penetration, decreasing unit costs, limiting nonproductive time, and in other areas, said AbdulHameed Al-Rushaid, executive director, drilling and workover, Saudi Aramco.

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