The SPE has split the former "Management & Information" technical discipline into two new technical discplines:
- Management
- Data Science & Engineering Analytics
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The SPE has split the former "Management & Information" technical discipline into two new technical discplines:
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SPE's Paige McCown talks with John de Wardt, founder of De Wardt and Company and program manager of the Drilling System Automation Roadmap to discuss the need for an industry roadmap. In this podcast discussion, we talk about how artificial intelligence can help the industry through the digital transformation. This transition is a priority for oil and gas companies to reduce risk while improving operational efficiency. In this podcast discussion, we are talking about the way ahead for students and recent graduates in petroleum engineering. The COVID-19 pandemic-induced oil and gas downturn has caused a lot of uncertainty for students, especially petroleum engineers.
Mark Rubin is responsible for overall management of SPE. He works with the Board of Directors and senior staff to develop strategic and business plans and formulate the organization's goals, objectives, policies, and programs. He also organizes and directs the global staff organization, which includes offices in Dallas, Houston, Calgary, Kuala Lumpur, Dubai, and London, to ensure the accomplishment of SPE's mission. He was appointed executive director of SPE in August 2001. Prior to this appointment, he served as upstream general manager for the American Petroleum Institute (API) in Washington, D.C.
Organization of the PetroBowl Regional Qualifiers are planned collaboratively with SPE International and the Regional Directors who operate within each PetroBowl Super Region. Each region will select up to five teams to represent them at the PetroBowl Championship. In addition to the teams from each region, the first and second place Chapters from the previous year's Championship are also invited to defend their title. A total of 32 places are available for the Championship. While COVID-19 remains a serious health and safety concern, Regional Qualifiers will be a mix of physical and virtual events depending on suitability for the region.
While the M&A spotlight continues to shine on the prolific Permian Basin sprawled across western Texas and southeastern New Mexico, the Williston Basin of Montana and the Dakotas shimmers with consolidation opportunities as shale producers look to add more reserves to their inventory. US-independent Chord Energy recently announced the acquisition of about 62,000 net acres in the Williston Basin from XTO Energy for total cash consideration of 375 million. "The acquired assets are an excellent strategic and operational fit to Chord's premier Williston Basin acreage position," said Danny Brown, Chord's president and chief executive. "These low-cost, tier-one assets are highly competitive with our existing portfolio and further extend our inventory runway. Consolidation in the core of the basin supports longer laterals, higher capital, and operating efficiencies, strong financial returns, and sustainable free cash flow generation."
UK-based TechnipFMC was awarded an integrated engineering, procurement, construction, and installation contract for Shell's Dover field development in the US Gulf of Mexico (GOM). TechnipFMC said it will supply the subsea tree systems in addition to the engineering, procurement, construction, and installation of the umbilical, riser, and flowline systems. The company described the contract as significant, with a value between 75 million and 250 million. "Dover represents a continuation of our decades-long relationship with Shell. We look forward to helping extend production in this prolific basin," said Jonathan Landes, president, subsea at TechnipFMC.
If a contest or a division is not held in your assigned region, you can request to present your paper in an assigned alternate region. Every region has only one alternate region. To make an alternate region paper request, or if the alternate region is not holding a contest, please contact spc@spe.org. COVID-19 Updates: Due to the COVID-19 outbreak and subsequent restrictions on travel, all Regional SPC competitions are aiming to run as virtual competitions. A guide on how this will be run can be found in the Student Paper Contest Video Conferencing Guide (pdf).
Advanced systems engineering firm 2H has launched the second phase of its Measurement-Based Wellhead Fatigue joint industry project (JIP), which aims to improve riser, wellhead, and conductor fatigue estimates and make drilling operations more reliable and efficient. In Phase 1 of the project, 2H collaborated with nine major operators to gather and analyze field measurements from 10 drilling campaigns in the Gulf of Mexico and the North Sea. The data covered a range of environments, water depths, soil characteristics, riser and wellhead configurations, and vessel types. Findings from the analysis verified that industry assumptions for wave and vortex-induced vibration (VIV) fatigue assessments are conservative and remaining fatigue life tends to be higher than that determined by typical design methods. A more accurate prediction of remaining fatigue life can eliminate the need for costly mitigation methods or unnecessary upgrades and downtime during severe events.
Abstract The oil and gas (O&G) business is going through a natural but accelerated evolution to incorporate more digital tools into its business model. While it is important to adapt quickly, under such circumstances it is equally important to plan with the future in mind. The biggest challenge the oil and gas industry has faced recently is the sudden shifts in demand and supply. The pandemic era curbed demand, while the recovery resulted in an unprecedented supply shortage. This imbalance identified an opportunity to quickly evolve new sales and operational planning (S&OP) processes. These processes were designed to continually balance supply and demand at different time horizons. The digital capabilities were further empowered to harness S&OP potential to forecast and plan better than ever before. The digital planning tool (DPT) is now part of the business fabric, enabling product forecasting up to 12 months out. This paper illustrates one of the steps in the technological digital journey driven by O&G service companies. It shows how implementing a DPT enables S&OP processes to optimize resource management. Such optimization creates a more agile and accurate response to a fluctuating demand-supply balance, improving company performance overall.