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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.
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.
Challenges In Drilling and Completion Of Extended Reach Drilling Wells with Landing Point Departure more than 10,000ft in Light/ Slim Casing Design. New Generation of HTHP Water Based Drilling Fluid Changing Conventional Drilling Fluids Solutions. Take Back Control of Your Capital Project with an EPC 4.0 Strategy Stratigraphical - Sedimentological Framework for the Thamama Group Development in the Western UAE Based on the Legacy Core Data: How the Key to the Future is Found in the Past. Ultra-deep Resistivity Technology as a Solution for Efficient Well Placement; Geosteering and Fluid Mapping to Reduce Reservoir Uncertainty and Eliminate Pilot Hole-first Time in Offshore Abu Dhabi, UAE. Performance Comparison of two different in-house built virtual metering systems for Production Back Allocation.
The difficulty in applying traditional reservoir-simulation and -modeling techniques for unconventional-reservoir forecasting is often related to the systematic time variations in production-decline rates. This paper proposes a nonparametric statistical approach to resolve this difficulty. In this work, the authors perform automatic decline analysis on Marcellus Shale gas wells and predict ultimate recovery for each well.
In this paper, the application of a real-time T&D model is demonstrated. The process of T&D analysis was automated, and the time and cost required to run physical models offline was reduced or, in some cases, eliminated. Precise casing-wear prediction is important for improving well integrity and longevity, while simultaneously making casing designs more cost-effective. There are no industry guidelines for casing-wear prediction. This article presents a validated predictive model.
Unconventional Risk and Uncertainty: What Does Success Look Like? This paper presents approaches for proper risking of uncertain recoverable volumes for an unconventional resource, taking into account the chance of false positives from appraisal-well information. The difficulty in applying traditional reservoir-simulation and -modeling techniques for unconventional-reservoir forecasting is often related to the systematic time variations in production-decline rates. This paper proposes a nonparametric statistical approach to resolve this difficulty. As the drilling industry improves its efforts to capture drilling operation activities in real time, it has generated a significant amount of data that drilling engineers cannot process on their own.
In the complete paper, the authors revisit fundamental concepts of reservoir simulation in unconventional reservoirs and summarize several examples that form part of an archive of lessons learned. Proper lateral and vertical well spacing is critical for efficient development of unconventional reservoirs. Much research has focused on lateral well spacing but little on vertical spacing, which is challenging for stacked-bench plays such as the Permian Basin. Knowing which horizon crude oil flows from and in what proportions has been a major challenge for shale producers. Increasingly, they are turning to new technology to find the answer.
The basic objective of this course is to introduce the overview and concept of production optimisation, using nodal analysis as a tool in production optimisation and enhancement. The participants are exposed to the analysis of various elements that help in production system starting from reservoir to surface processing facilities and their effect on the performance of the total production system. Depth conversion of time interpretations is a basic skill set for interpreters. There is no single methodology that is optimal for all cases. Next, appropriate depth methods will be presented. Depth imaging should be considered an integral component of interpretation. If the results derived from depth imaging are intended to mitigate risk, the interpreter must actively guide the process.