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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.
Eni started production from the Perla giant gas field located in the Gulf of Venezuela, 50 km offshore. Consisting of Mio-Oligocene carbonates with excellent characteristics, the reservoir is approximately 3000 m below sea level and lies at a water depth of 60 m. The best wells are estimated to produce more than 150 MMscf/D of gas each. The development plan includes 21 producing wells and four light offshore platforms linked by a 30-in. Two treatment trains have been installed at the facility, each capable of handling 150 Mscf/D and 300 Mscf/D of natural gas.
Unprecedented, perfect storm, a black swan event—all ways of describing the situation the oil and gas sector finds itself in right now. After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order. The startup of the deepwater field marks the beginning of production from the massive Stabroek Block, which contains an estimated 6 billion BOE. ExxonMobil estimates that at least 5 FPSOs will be producing more than 750,000 BOPD from the Stabroek Block by 2025. The unmanned development is expected to add 80 million BOE of production to the aging Norwegian North Sea field.
Tellez, Camilo (Schlumberger) | Gonzalez Belo, Patricio (Schlumberger) | Florez, Fabian (Schlumberger) | Taborda, Tatiana (Schlumberger) | Villa, Carlos (Schlumberger) | Bonfanti, Benjamin (Schlumberger) | Acosta, Tito (Ecopetrol S.A.) | Zuluaga, Wendy (Ecopetrol S.A.) | Parra, Marly (Ecopetrol S.A.)
Casabe is a multilayer field (20 reservoirs distributed in 3 formations) characterized high heterogeneous nature, limited sand continuity, unfavorable mobility, and high sediment production due to a poor consolidation of the reservoir. The ongoing waterflooding process has a well defined five-spot pattern where injection wells have selective strings installed, and production is commingled. Under these conditions, shut-in wells for reservoir pressure acquisition are challenging activities with high operational risks related to compromised mechanical integrity and sediment production. Likewise, the commingled production scheme affects the deconvolute pressure data process and promotes crossflow effects leading to inconsistent results. Finally, stoping the well involves production loss and disruption in waterflooding balance. The reservoir pressure is a critical requirement to run an analytic optimization methodology implemented in 2017. Casabe had proven that selective injection string offers a unique opportunity to acquire quality reservoir pressure data by reservoir unit using the Downhole Dummy Pressure Sensors (DDPS), overcoming all the above issues when acquired in producers.
This paper presents how a waterflooding optimization methodology coupled with a quality reservoir pressure acquisition enhanced reservoir surveillance by triggering actions to optimize the waterflooding volumetric balance, thus, reaching a production-injection system stabilization. This enhancement changed the area production decline trend and allowed to contact more zones and produce oil from constrained layers.
Hafez, Hafez (ADNOC Upstream) | Saputelli, Luigi (ADNOC Upstream) | Mata, Carlos (ADNOC Upstream) | Mogensen, Kristian (ADNOC Upstream) | Di Sarria, Andrea (ADNOC Upstream) | Singh, Nicholas (ADNOC Upstream) | Mohan, Richard (ADNOC Upstream) | Escorcia, Alvaro (Frontender) | Pires, Joshua (Halliburton) | Asarpota, Jyotsna (Halliburton) | Ge, Haoyou (Halliburton) | Hernandez, Cristina (Halliburton) | Bansal, Yogesh (Halliburton) | Rodriguez, Jose (Halliburton)
Implementing large-scale projects within a company are challenging tasks and often provide a good learning curve that can be beneficial to understand the complexity of the work involved. An integrated subsurface to surface asset modeling solution was implemented at the country level to automate production capacity planning while optimizing shortfall and opportunity identification (
Several structured business processes support the developed system; it orchestrates the analytical processes followed by the corresponding approval system. A robust data management process was implemented and backed with a business process that includes more than 150 configurable exception rules. Besides, the developed solution leverages the rigor of the first principle and data-driven models to provide a desired and stable outcome ranging from potential evaluation, quota definition, capacity management, business plan validation, and other business processes. The developed solution can isolate wells, sectors, reservoirs, and/or fields for further evaluation. Given the challenge of balancing market demand with profits and subsurface deliverability, a time-efficient, balanced, and integrated solution is expected to provide an edge to an organization in this competitive environment.
The Integrated Capacity Model (ICM) system has already been utilized for capacity and deliverability of 2019 and 2020 ADNOC business plans demonstrating 99% agreement with field capacity tests. The system shown +3% profit gains through various production optimization scenarios, while recommending which assets, fields, and/or reservoirs can be targeted to achieve those targets.
Developing and implementing the solution at such a large scale surfaced various challenges at organizational, infrastructure, and solutions/workflows. This paper discusses those challenges and the ‘lessons’ learned during the implementation of this solution. Various value-added use cases are presented.
Capello, Maria Angela (Kuwait Oil Company) | Lorente, Maria Antonieta (Ellington Geological Services) | Serrano, Isabel (Independent Consultant) | Flores, Monica (Shell Kuwait) | Briceno, Maria Gabriela (Occidental Petroleum Corporation)
In December 1922, "Los Barrosos 2" gusher inserted Venezuela in the map of giant oil producers, joining an incipient industry that was to rule the world economy, but that still struggles in enabling the full participation of women, which precludes an appealing image of this industry for the female students of careers pertinent to oil and gas. The participation and roles of women in the oil industry experienced an evolution in the last two centuries, worth analyzing, as it provides key clues useful for the shaping of strategies related to diversity and inclusion programs in corporate frames. The applicability is evident for initiatives related to women, as the gender minority in the sector, but also for age, nationality, and different-ability minorities.
This paper analyzes the evolution of specific roles of women in the oil industry and what elements propel their self-empowerment, grounding conclusions on a study case of Venezuelan women working in the oil industry from the 19th to the 20th century, in their home country and as part of the Venezuelan diaspora worldwide.
The characteristics and main settings of the role of women in the oil industry have evolved substantially, and follow societal, legislation, cultural and unwritten rules or customary ways, that change in every region of the world. The Venezuelan case was selected, as the oil industry in their country underwent major changes, following social, political and legislation transformations that affected the sector. Three distinctive periods were established for the analysis:
From the early years until the 70s, the role of women in the Venezuelan oil industry underwent major changes, from office-based and support roles to supervisory positions, in an era heavily driven by the presence of international oil companies in the country. The late 1970s through the early 2000s was an enlightening time, during which professional women in geosciences and engineering in Venezuela expanded the scope and outreach of their jobs, assuming and excelling in operational roles. As the 21st century progressed and the country's politics and economic stability deteriorated, many seasoned and young Venezuelan female geoscientists and engineers migrated abroad in search of new challenges and professional horizons. Additionally, the opening of societies everywhere inspired many of the new generations to seek jobs in other countries, in search of multicultural experiences. All these factors contributed to expanding the presence of Venezuelan women globally at an accelerated pace. How they adapted to new work settings along with the very different phases inside and outside their country of origin, continuing to succeed as an integral part of a diverse workforce worldwide, is not only remarkable but in many facets, unique.
This paper presents specific observations and analysis about gender parity and roles of women about the leadership and participation women had in their Venezuelan home country and later on, in the global Venezuelan diaspora. We highlight some elements that we consider were key for the self-empowerment of women in Venezuela's oil sector. We expected to find several of these elements, as they are specific to the Venezuelan framework and culture, but others were findings worth sharing.
Most relevant: education level, cultural admiration of the oil sector, societal perspectives on gender, respect for specialized knowledge, a cultural reverence of women who are breadwinners and sole heads of households, the "melting-pot" factor (integration of a varied, large and mixed migration as an integral part of society), Venezuelan legislation, and availability of multiple role models. The analysis of the role of Venezuelan women in academic and work sectors related to the oil industry is included, as applicable in Venezuela, showcasing the particularities in Engineering and Geosciences, in a period that spans more than a century, and that showcases gradual as well as step-changes in the participation of women in the oil and gas sector.
The progress of female Venezuelan professionals working for the oil industry of their own country and abroad shapes a series of best practices for the inclusiveness of women, which we share because we think that how they did it and continue to do it, is replicable by other minority groups.
Venezuelan women professionals have propelled and enhanced their organizations everywhere with quality and integrity, especially with their determination to conquer the future, high trust in their competencies, and a no-barriers attitude to overcome challenges.