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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.
We hear the term “social license” a lot. We have created a new term that people can hide behind and debate endlessly. I believe that we need to take it to the broader level and rethink how we do our work and achieve "community consensus." Going Deep: Is Deepwater Experiencing a Resurgence? Saudi Arabia, the Permian Basin, and global deepwater areas have vastly different futures predicted.
The industry has figured out how much opportunity lies in the Permian Basin’s Delaware subbasin, and the Delaware play is now dominating US unconventional oil activity, Citigroup’s Jeff Sieler told the SPE Gulf Coast Section reservoir group recently. Industry efficiency gains in the Permian Basin are “very pivotal and we’re not done.
The report details information obtained during the EPA’s outreach to stakeholders. The information in the report will help the EPA determine whether any future actions are appropriate to address oil and gas extraction waste water further. Elevated concentrations of strontium, an element associated with oil and gas waste waters, have accumulated in the shells of freshwater mussels downstream from wastewater disposal sites, according to researchers from Penn State and Union College. With concern growing that the underlying geology in the Permian Basin is reaching capacity for disposal wells, the Trump administration is examining whether to adjust decades-old federal clean-water regulations to allow drillers to discharge waste water directly into rivers and streams. The US Environmental Protection Agency (EPA) is embarking on a new study that will take a holistic look at how the EPA, states, and stakeholders regulate and manage waste water from the oil and gas industry.
Two of Europe’s biggest oil companies urged Texas regulators to end the routine flaring of natural gas, joining with large investors who want greater oversight of the harmful environmental practice. The Oil and Gas Climate Initiative has announced a technical and financial sponsorship commitment of nearly $1 million to the Payne Institute for Public Policy at Colorado School of Mines to develop a transparent web platform to support real-time mapping and tracking of global gas flaring data. The Texas Railroad Commission’s chairman has said the commission will look into policies to “drastically reduce” natural gas flaring from the state’s shale patch as investors become increasingly sensitive to climate-change concerns. The combined effect of COVID-19 and an ongoing oil price war has ushered in one of the worst downturns for the energy industry in modern history. Yet, a bright side is shining through; flaring levels in the Permian Basin have fallen sharply and will continue to decline, a Rystad Energy report shows.
The company’s first report on global emissions shows that, while the US emits the most, Canada has the highest emission intensity and Norway has the lowest. The combined effect of COVID-19 and an ongoing oil price war has ushered in one of the worst downturns for the energy industry in modern history. Yet, a bright side is shining through; flaring levels in the Permian Basin have fallen sharply and will continue to decline, a Rystad Energy report shows.
Water is precious, and it is a factor in every aspect of oil production in the Permian Basin. It is used to produce the hydrocarbons, and it is produced with them. In the often-arid region of the Permian, finding a balance between water production and use can be a challenge. The combined effect of COVID-19 and an ongoing oil price war has ushered in one of the worst downturns for the energy industry in modern history. Yet, a bright side is shining through; flaring levels in the Permian Basin have fallen sharply and will continue to decline, a Rystad Energy report shows.
Sourcing water for large multifracture stimulations in west Texas is a well-known constraint on oil and gas activities in the area. A 6-month pilot operation demonstrated that produced-water reuse is technically feasible and can be a cost-effective solution. This paper summarizes the benefits of using a bipolymer crosslinking system in environments where water quality cannot be guaranteed. It also demonstrates the yielded cost savings per well that are achievable when reusing 100% produced or flowback water for hydraulic fracturing. This paper details the experience of using new stabilized crosslinked-fracturing-fluid systems in the Permian Basin using borated produced water.
A new play in the Permian Basin is unconventional in an unexpected way: there is a small group of independents producing from a watery formation where oil production begins after they have pumped only water for weeks. Research into whether CO2 can be used to coax billions more barrels of oil from unconventional formations is beginning to show promise.