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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.
If the shale sector’s most complex problem can be solved, it will require companies to use their wells as a team. Newly detailed field work shows that a good defense is the key to success. Drilling automation is one of the most promising emerging technologies that the oil and gas industry has to look forward to. The potential benefits span the spectrum from health and safety to lower costs and repeatable well results. Although early inflow control devices and intelligent completions (ICs) were introduced almost 20 years ago, completion technology has not kept pace with advancements in drilling technology.
Operators continue to look to prolific high-permeability, clastic reservoirs in basins around the world. The use of high-deviation and horizontal well trajectories in these fields improves productivity but increases the challenges of sand control. Although early inflow control devices and intelligent completions (ICs) were introduced almost 20 years ago, completion technology has not kept pace with advancements in drilling technology.
A North Sea field development included installation of long 4½-in. To minimize overall risk, the operator planned to use managed-pressure drilling (MPD). This paper discusses an expandable-liner-hanger (ELH) system that provides liner rotation during the liner deployment and the cementing operation while providing a hydraulically energized liner-top seal upon setting.
Data-driven, or top-down, modeling uses machine learning and data mining to develop reservoir models based on measurements, rather than solutions of governing equations. Seminole Services’ Powerscrew Liner System is a new expandable-liner hanger that is set with torsional energy from the topdrive. Stuck pipe has traditionally been a challenge for the oil and gas industry; in recent years, operators have become even more determined to reduce the effect of stuck-pipe issues. The primary purpose of this study is to develop a method that overcomes the restrictions of rock-mechanics tests with respect to unconventional shale formations. The Earth is complex in all directions, and hydrocarbon traps require closure—whether structural or stratigraphic or both—in three dimensions.
JPT Technology Minute Poll: To Which of the Top Five UN Sustainability Development Goals Do You Think the Oil and Gas Industry Will Contribute the Most? The papers identified in the article cover sustainable development of oil and gas resources in various aspects. Flaring and emissions challenges have recently made news headlines around the world. The goal of this article is to engage you with this important topic by presenting a selection of recent SPE papers which address these challenges through various approaches. Operators face a dilemma in balancing the need for mud weight (MW) to remain below the fracture gradient to avoid losses, while also providing sufficient density to block influxes into the well. JPT Technology Minute Poll: Which Technology Would You Choose for Offshore Compression?
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.
This paper provides perspective on the current state of multizone completion technology and issues encountered in the industry with developing a system that offers increased capabilities to meet the increasing challenges presented by the Lower Tertiary in the Gulf of Mexico. The lower tertiary formation found in the pre-salt layers of the Gulf of Mexico has become a proving ground for extending what is possible when completing multistage fracturing in ultradeepwater wells.
This paper provides perspective on the current state of multizone completion technology and issues encountered in the industry with developing a system that offers increased capabilities to meet the increasing challenges presented by the Lower Tertiary in the Gulf of Mexico. Novel multizone stimulation technologies have enabled the development of tight resources that previously could not be developed economically and have enabled optimization of production resources distributed over thick gross intervals.