Life is Complicated and Uncertain: Why Not Just Focus on Drilling Faster? Predicting the trajectory of a satellite, or a well, requires sophisticated analysis to reduce the huge uncertainties. That adds to the many things drillers should be thinking about, which can be overwhelming. Advances in space sensing allow direct measuring of gas flaring, opening a window into production trends.
The technical challenges imposed by tight well spacing and fracture interactions have become a focal point of recent earnings calls between investors and the leaders of several shale producers. The picture of the future is becoming clearer, and there are fewer oil wells in it. A close look at hundreds of feet of fractured core samples suggest that new fracture models are needed to simulate complicated reality.
When it came to decide where to collect a critical sample of fractured rock, a new method for turning microseismic data into a heat map designed to display the most intense fracturing activity was considered. By measuring which tests best predicted the fractures observed at the Hydraulic Fracturing Test Site, Laredo Petroleum developed a method it hopes will improve fracture modeling in other places. A close look at hundreds of feet of fractured core samples suggest that new fracture models are needed to simulate complicated reality.
Underbalanced coiled tubing drilling has continually advanced since the first trials in the 1990s but remains a relatively niche drilling technology. With UBCTD projects set to start in many countries next year, this technology may be seeing a turning point. Considering most of the rigs deal with human-machine interface systems, the role of human factors is at the heart of any successful operation. Eye-tracking technology can be useful in real-time operation centers where ocular movement data can improve the professionals’ performance. For 60% of Sub-Saharan Africa and South Asia, by cultivated land area, an acute challenge is access to water.
What does industry need to create successful ecosystems in a new digital reality? While companies identify and implement new technologies to streamline their operations, a greater focus on new cultures, skill sets, and mindsets may be necessary. Companies such as Google, Schlumberger, Shell, and Encana are working to turn the industry’s rat’s nest of data into a goldmine of insight, analysis, and technology. Strides made in data analytics over the past few years have been huge. But the complexity of data, and understanding how to use them, can delay the advantages to be gained.
The same tools that make it fun and easy for you to see a friend's updates online are also pretty good at tying together unconnected databases holding valuable well information. What do 60,000 sensors on 1,200 pieces of equipment add up to? A new event is kicking off in September that will bring together the brightest minds in digital tech and oil and gas. Figuring out the right price for an active oil and gas field is tricky business in the shale sector but one producer explains how it uses data analytics to get a clearer picture.
Findings from Kayrros suggest the average Permian well is both less productive and more expensive than reflected in public data. Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search. Is the Cloud Mature Enough for High-Performance Computing? Data volumes are growing at an exponential rate. How can high-performance computing solutions help operators manage these volumes?
The international major has been playing with intelligent programs for years, but this new deal shows that it is now ready to scale those efforts up to cover hundreds of thousands of pieces of equipment. These days, it is all about digital. Click to find out what industry leaders from Encana, Google, Schlumberger, and Shell have to say about the ongoing transformation towards data-driven profitability. The company behind the world’s most popular search engine is trying to click with the upstream business at the most distinguished technical event of the year. SPE held its first Annual Technical Conference and Exhibition in the Middle East in September, as 7,500 industry professionals from 94 countries met to discuss topics under the theme of “E&P 2.0: Transforming and Shaping the Future.”
Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption. The companies are beginning to see results, but none is counting on a “big bang” in development of the technology soon. Some 3,000 people and counting intrigued by UK oil and gas data have signed up for access to the country’s new National Data Repository. What motivated the OGA to make the data available to the public, and what can the public do with the data? Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
Encana CEO Doug Suttles assures that shale executives are acutely aware of the parent-child well challenge, and he doesn’t think it’s “a big threat” to the sector. With big shale mergers dominating the headlines, some of the industry’s most influential financial players gathered to discuss what’s driving the shift in operational and fiscal priorities. Companies such as Google, Schlumberger, Shell, and Encana are working to turn the industry’s rat’s nest of data into a goldmine of insight, analysis, and technology. These days, it is all about digital. Click to find out what industry leaders from Encana, Google, Schlumberger, and Shell have to say about the ongoing transformation towards data-driven profitability.