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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.
Wärtsilä’s integrated infrastructure combines the bridge systems, cloud data management, data services, decision support tools, and access to real-time information for the fleet of tankers managed by Sovcomflot, Russia’s largest shipping company. Wärtsilä plans to develop a harbor tug design to maximize ecological operational sustainability to be used a new port facility being built in the Brazilian city of São Mateus, which will have environmental demands among the most stringent in the world.
In process industries, major accidents can result in numerous severe injuries or fatalities. This study reviews the broken human factors and barriers leading to these events and highlights key aspects of a technological-risk-assessment processes. Considering most of the rigs deal with human-machine interface systems, the role of human factors is at the heart of any successful operation. Eye-tracking technology can be useful in real-time operation centers where ocular movement data can improve the professionals’ performance. The Step Change in Safety Human Factors Workgroup strives to improve basic knowledge and understanding of human factors to ensure related risks are managed and controlled properly.
During the past decade, industries have made tremendous efforts in developing robust and effective systems in health, safety, and environment. Now, companies are called on to focus on process safety as well. Considering most of the rigs deal with human-machine interface systems, the role of human factors is at the heart of any successful operation. Eye-tracking technology can be useful in real-time operation centers where ocular movement data can improve the professionals’ performance. What is the reality of risk in the hydrocarbon sector?
The Technical Programme Committee of APOGCE 2021 invites you to submit a paper proposal and contribute to this flagship event. A proper review of your paper proposal requires that it contain adequate information on which to make a judgment. Download our instructions guide to assist you with preparing your paper proposal. The paper proposal should have the necessary clearance before it is submitted to APOGCE 2021. Prospective authors should advise of any clearance problems when the paper proposal is submitted.
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 explains how an ultradeepwater drilling contractor is applying real-time analytics and machine learning to leverage its real-time operations center to improve process safety and performance. Drilling, completion, production, and general surveillance are all areas that benefit greatly from remote real-time analysis.
This paper explains how an ultradeepwater drilling contractor is applying real-time analytics and machine learning to leverage its real-time operations center to improve process safety and performance. The maximum level of process-safety performance an operational asset can attain is set indelibly in the early stages of a project. This is why it is crucial to lay a solid foundation for process safety during design.
A study by a real-time monitoring company showed that many coiled-tubing strings are retired with a lot of life left in them. It suggested companies could lower costs by using pipe for a longer time and could benefit from multicompany studies showing how their decisions compare to the competition. A coiled-tubing selective perforating and activation system that transmits critical downhole data and measurements in real time is enabling well interventions that previously could not have been executed. This year’s papers provide examples of efficiencies that have been brought about in coiled-tubing operations. The papers demonstrate how problem-solving techniques have been applied to improve such aspects as on-site processes, fit-for-purpose equipment, and more-effective treatment placement.