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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.
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.
Applications open on 15 November each year, and close on 15 April. By applying for this scholarship you are automatically considered for any SPE Scholarship or Fellowship that you meet the eligibility requirements for. You must submit at least one recommendation and documentation for entry exams (if applicable). U.S. law prohibits provision of certain services to individuals residing in embargoed countries; therefore, not all applicants may be eligible to participate in the Gus Archie Scholarship program. Gus Archie (1907 - 1978), a pioneer in the area of formation evaluation, developed the fundamental quantitative relationships among porosity, electrical resistivity, and hydrocarbon saturation of rocks that laid the foundation for modern log interpretation.
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.
Moving their directional drillers into their Houston real-time remote operations centers has improved drilling efficiency for two of the top shale producers. This paper presents an interdisciplinary approach to the description of tectonic dislocations made on the basis of interpretation of seismic data, petrophysical analysis of well-logging data in horizontal wells, and inversion of a multifrequency propagation tool. This work presents a systematic geosteering work flow that automatically integrates a priori information and real-time measurements to update geomodels with uncertainties and uses the latest model predictions in a decision-support system (DSS). The use of intelligent software is on the rise in the industry and it is changing how engineers approach problems. A series of articles explores the potential benefits and limitations of this emerging area of data science.
This paper discusses a study undertaken to gain better understanding of nuclear magnetic resonance (NMR) characteristics of volcanic reservoirs with different lithologies. This paper compares the results of gas identification and lithology identification using pulsed-neutron spectroscopy in openhole and casedhole environments. Coring is essential to offshore exploration programs—but sometimes cores are taken from the wrong formation or return to surface in poor condition. One firm thinks it can solve these costly issues with a first-of-a-kind coring device that uses logging instruments that add accuracy and integrity. The rising cost of fracturing offers a significant incentive for finding ways to avoid unproductive rock.
This paper presents a data set involving the pumping of multiple, unique chemical tracers into a single Wolfcamp B fracture stage. This paper introduces a new core-analysis work flow for determining resistivity index (RI), formation factor (FF), and other petrophysical properties directly from an as-received (AR) set of core samples. Houston-based Surge Energy drilled the Medusa Unit C 28-09 3AH well in the Midland Basin to a TMD of 24,592 ft, with a total horizontal displacement of 17,935 ft, or 3.4 miles. This paper discusses a project with the objective of leveraging prestack and poststack seismic data in order to reconstruct 3D images of thin, discontinuous, oil-filled packstone pay facies of the Upper and Lower Wolfcamp formation. A new technique that analyzes scanning electron microscope (SEM) images of formation samples has been used to measure porosity and total organic carbon (TOC) in the Wolfcamp Shale of the Delaware Basin in west Texas.