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Leading to progress and prosperity, both effective data management and human capital development have been mainstream activities in the oil and gas industry over the last decade. The Internet of Things, Machine Learning, Big Data and most of the digital trends are widely deployed in the oil and gas industry, having ensured the data governance, quality and security. The second part of the session is devoted to human capital development, which remains the essential driver of organisation’s operational efficiency. Any fast-evolving digital changes have impacted labour markets worldwide and have caused a need for a stronger focus on human capital. Therefore, session participants will be sharing the successes and failures they have experienced in both streams and the opportunities they have discovered on their way.
This year, as part of the Opening Ceremony, SPE brings you two panel sessions that will focus on the conference theme “Co-operating Towards a More Competitive Environment to Encourage Investment Projects.” The panels will represent two different perspectives—the investors and operators in the region. Material presented during this session will focus on new and existing workflows and methodologies to enhance reservoir understanding, improve decision making, and optimise field production. Case studies will be presented covering a range of approaches and applications applied in the Caspian region leading to improved reservoir characterisation and performance prediction, pilot value of information assessment, and enhanced integrated asset modelling of a large complex gas condensate field. Performance expectations in the oil & gas industry are rising on the back of a declining tolerance of risk and tightening regulations.