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The current presentation date and time shown is a TENTATIVE schedule. The final/confirmed presentation schedule will be notified/available middle of October 2019. If we have learned anything from the North American experience, unconventional resources cannot be exploited by small incremental projects. If we are to be successful in developing these types of reservoirs, we have to make project scale operations work to bring these resources to market in a timely manner. A number of Eastern Hemisphere unconventional gas projects have raised interest, neared completion or are commencing deliveries.
As technical people working in the Montney, most of our focus has been on drilling performance, completion improvements, and overall cost reduction in all aspects. But what other trends are occurring that need to be on our radar screens? Our opening panel will be bringing many perspectives, including the funding side, the importance of ESG, consulting trends and an overview of the North American market as a whole. Exploitation design is a product of interlinked decisions on well design, completion design, well spacing and cost structure. How are Montney operators pursuing the right balance of resource recovery and profitability?
Session 1: What Does Your Work Look Like in 2030? There is little doubt that digital transformation is going to change the way we do work in 2030. Transformation is expected to add billions of dollars in value, from data to modeling to contracting to health, safety, and environment (HES). Will we finally have data that is perfect and available at our fingertips? Will machines build the reservoir model, leaving petrotech experts to choose and quality control the best models?
Decisions in E&P ventures are affected by Bias, Blindness, and Illusions (BBI) which permeate our analyses, interpretations and decisions. This one-day course examines the influence of these cognitive pitfalls and presents techniques that can be used to mitigate their impact. Bias refers to errors in thinking whereby interpretations and judgments are drawn in an illogical fashion. Blindness is the condition where we fail to see an unexpected event in plain sight. Illusions refer to misleading beliefs based on a false impression of reality. All three can lead to poor decisions regarding which work to undertake, what issues to focus on, and whether to forge ahead or walk away from a project. 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. Examples are provided including corporate, business unit and department case studies. 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.
SPE, through its Energy4me programme, will present a free one-day energy education workshop for science teachers (grades 8–12). A variety of free instructional materials will be available to take back to the classroom. Educators will receive comprehensive, objective information about the scientific concepts of energy and its importance while discovering the world of oil and natural gas exploration and production. Energy4me is an energy educational public outreach programme that highlights how energy works in our everyday lives and promote information about career opportunities in petroleum engineering and the upstream professions. SPE’s Energy4me programme values the role teachers and energy professionals play in educating young people about the importance of energy.
Learn more about training courses being offered. Learn more about training courses being offered. This course covers the fundamental principles concerning how hydraulic fracturing treatments can be used to stimulate oil and gas wells. It includes discussions on how to select wells for stimulation, what controls fracture propagation, fracture width, etc., how to develop data sets, and how to calculate fracture dimensions. The course also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. Learn more about training courses being offered. Current and future SPE Section and Student Chapter leaders are invited to engage and share.
Thank you for attending the SPE Workshop. More recently, there is an increasing trend to use purely data-driven models based on big data and machine learning techniques. The goal here is to exploit the multitude of data sources to extract intelligence, improve operational efficiency and optimize reservoir performance. In this workshop, we explored the opportunities presented by combining the data driven models (data scientists) with physics-based models (domain experts), to provide a balanced and informed view of reservoir insights and create predictive and generalizable models while enforcing known physical constraints and addressing gaps in the data.