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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.
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.
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.
Eric is an astute Petroleum Engineer with both research and field engineering experience. He's worked with multinational firms such as Shell in Ghana before graduate school. Currently, he is undertaking PhD studies at the School of Earth Science, University of Melbourne, Australia. He attained a Master's Degree in Petroleum Engineering from Kyushu University, Japan, and a Bachelor's Degree in Minerals Engineering from the University of Mines & Technology, Ghana. He has a great interest in reactive transport processes, geological modelling and reservoir simulation for subsurface fluid flow and processes.
In the complete paper, the authors present a novel methodology to model interwell connectivity in mature waterfloods and achieve an improved reservoir-energy distribution and sweep pattern to maximize production performance by adjusting injection and production strategy on the well-control level. A Drilling Advisory System (DAS) is a rig-based drilling-surveillance and -optimization platform that encourages regular drilloff tests, carefully monitors drilling performance, and provides recommendations for controllable drilling parameters to help improve the overall drilling process. This paper proposes a framework based on proxies and rejection sampling (filtering) to perform multiple history-matching runs with a manageable number of reservoir simulations.