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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.
Environmentalists have sued a US agency to try to stop it from allowing oil and gas drilling on a vast stretch of federal land in Nevada, where the government is reversing protections put in place 9 months ago under the Obama administration. The US Interior Department on 7 August launched an overhaul to an Obama-era plan to protect sage grouse that it says aims to preserve the species of bird while expanding opportunities for oil development in western states where they live. The federal government is barred from auctioning off new drilling rights on public lands in California for at least another year under a settlement reached with environmental groups, one of the groups told Bloomberg.
As Oil Companies Fade Away, Who Will Buy Their Wells? Shale producers proved they could pump out record volumes of oil by drilling horizontal wells and then fracturing them intensively. Now the industry needs to find buyers for many wells and acreage with hard-to-determine values. A company built with a plan to quickly profit from the shale boom began a slow decline when oil prices sank to $50/bbl. Others could be following it to bankruptcy court this year.
Fred Ng is general manager of engineering at Wild Well Control, Inc. He has over 30 years of worldwide experience in operational, technical and management responsibilities for major and independent operators in the petroleum industry. He served extensive assignments covering land and offshore drilling operations in the Gulf Coast, Alaska, Texas, Indonesia, Malaysia, China, New Zealand and Ghana. Fred is a mechanical engineer by training, and holds a BS (Honors first class) from University of New South Wales (Australia), and MS and PhD from Texas A&M. He has taught in mechanical as well as petroleum engineering at University of Houston.
The companies will focus on research and development to reduce CO2 emissions and promote the circular economy. ADNOC’s drilling subsidiary has increased its rig fleet to 95 and plans to add “dozens” more by 2025. The upgrade project will increase the maturing field’s oil production to 485,000 B/D. This work describes a heuristic approach combining mathematical modeling and associated data-driven work flows for estimating reservoir-pressure surfaces through space and time using measured data. By racking up exploration agreements in the United Arab Emirates, Oman, and Bahrain, Eni took a big step forward in its pledge to tap into the Middle East’s vast swaths of highly prospective oil and gas acreage.
Drillstring vibration is a leading cause of downhole-tool failure and premature wear of downhole equipment. Understanding drilling dynamics, the downhole shock and vibration that occur while drilling, is a crucial step to improving drilling efficiency and reducing nonproductive time (NPT). The variables defining drill-bit performance cover a lot of ground. There is a lot of attention given to cutters studding diamond drill bits, but just as important are what is in the rest of the drillstring and the decisions made by the driller.