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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.
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.
Microbial-influenced corrosion (MIC) has been implicated in few corrosion-related challenges in the well-service industry in the past. DuPont is ramping up the commercial-scale implementation of its microbial enhanced oil recovery (MEOR) method after nearly a decade of development and testing of what it says is a low-risk way to improve production from mature fields.
This paper reviews the mechanisms of initiation and the prevention of top-of-the-line corrosion (TLC). Recent research and developments are highlighted and validated to arrive at best practices for control of this significant corrosion manifestation. Water condensation and/or hydrate formation at the top of pipelines are serious design/operation considerations in pipelines. This paper reports the results of tests conducted in a new experimental setup constructed for investigating gas-hydrate risks in varied operational scenarios.
The methodology is the industry’s first to address CUI. Along with DNV GL’s new technology, maintenance costs may be reduced by up to 50%. With these synopses of technical papers from OnePetro you can join the author for conferences in Kuala Lumpur, New Orleans, and Lagos, all while sitting in your chairs and without any travel expenses. This paper reviews the mechanisms of initiation and the prevention of top-of-the-line corrosion (TLC). Recent research and developments are highlighted and validated to arrive at best practices for control of this significant corrosion manifestation.
Equinor awarded multimillion-dollar contracts to Aker Solutions and Wood for work on the oil field in the Norwegian Continental Shelf. It said about 70% of the contracts for the development phase is expected to go to Norwegian companies. One of North America’s biggest midstream companies is getting a new chief in the new year. He will oversee the construction of a 1,200-mile-long pipeline that has been a decade in the making. Global market conditions have impacted Magnolia LNG’s ability to reach FID.
Approved in October, the Flow Measurement Technical Section will help engage the greater SPE technical community in flow-measurement-related issues and technologies. It will cover the full spectrum of flow measurement, including single-phase and multiphase flow. At a water treatment plant for an onshore oil field in northern Germany, formaldehyde injection was started in 2015 as a biocide. The goal of this study was to understand the chemical parameters and microbial distribution in the water system and whether formaldehyde injection was effective. To facilitate testing and comparison of products that attenuate microbially influenced corrosion under field conditions, a method using microorganisms from a low-tide, anoxic North Sea sample was developed that allows corrosion measurements to be made for corroding biofilms grown on steel surfaces.
Penspen will also carry out engineering services on the Zirku Island plant. Wood is Shell’s exclusive partner for Shell’s Smart Choke technology, which suppresses riser-induced slugging. A small core team with the ability to make decisions was responsible for getting a subsea tie-back project up to sanction within a short-time frame. SPE’s technical sections offer communities rich with industry expertise. And your engagement adds to the wealth of knowledge to be shared.