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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.
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.
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.
While President Donald Trump's administration was working to relax offshore drilling regulations, there was a spike in offshore accidents and a decrease in safety inspections, according to an analysis by the Center for American Progress, a liberal think tank. Launched in May 2019 to deliver critical safety information to offshore oil and gas workers, the Bureau of Safety and Environmental Enforcement’s BSEE!Safe text notification service now has more than 5,300 subscribers. As a result of its investigation into the incident and its findings, the bureau recommends that operators increase scrutiny in the design, placement, and maintenance of their subsea infrastructure. The Bureau of Safety and Environmental Enforcement is launching a safety initiative to bring critical information directly to offshore workers on the outer continental shelf. The BSEE!Safe program uses text messages to send links to its published Safety Alerts and Bulletins.
The video features some of the leaders who helped the nation respond to the event. On 20 April 2010, a blowout on the Deepwater Horizon, drilling at the Macondo prospect in the Gulf of Mexico, killed 11 crew and caused a major oil spill. The accident and spill forever changed the industry. Research suggests that the formation of the deep plume was unrelated to the addition of subsea dispersants.
The video features some of the leaders who helped the nation respond to the event. On 20 April 2010, a blowout on the Deepwater Horizon, drilling at the Macondo prospect in the Gulf of Mexico, killed 11 crew and caused a major oil spill. The accident and spill forever changed the industry. The response to the 2010 Deepwater Horizon oil spill was affected by heat. This paper evaluates the association between environmental heat exposure and self-reported heat-related symptoms in US Coast Guard Deepwater Horizon disaster responders.
Well control is built around huge steel machines, but the future of the business is digital. Data have become a critical asset as operators and service companies work to increase the safety and reliability of their products and operations. A new blowout preventer design shows potential for delivering much greater shearing power than current BOPs. The design is simpler and more efficient than current BOPs.
The biggest drilling company appears interested in becoming the most innovative. It is testing inventions ranging from a blowout preventer that is not hydraulically powered to power systems designed like a hybrid car. This paper describes how a technique known as applied-surface-backpressure managed-pressure drilling (ASBP-MPD) can alleviate the limitations of conventional deepwater well control. The influx-management-envelope (IME) concept is an advanced, innovative way to assess influx conditions in managed-pressure-drilling (MPD) operations, offering an improved tool for the decision-making process. This paper describes experiences, challenges, and approaches to solving the problems related to creating an advanced early kick-detection system suitable for floating mobile offshore drilling units.
This paper describes the first application of clay-free IEFs in the Norwegian continental shelf (NCS), with an emphasis on an impressively low and consistent ECD contribution. This year has been a great year for me; I was able to play more rounds of golf than expected! I was also successful in sealing a few research collaboration agreements within the oil and gas industry.