Silviu Livescu
Geoenergy Research and Engineering The University of Texas at AustinLivescu, SPE, serves as the technical director for Data Science and Engineering Analytics on the SPE Board of Directors.
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Silviu Livescu, SPE’s technical director for data science and engineering analytics, and Birol Dindoruk, recent technical director for management and information, discuss the state of the oil and gas industry’s digital transformation, where the industry needs to go, and how it can get there. -
While the ongoing trends in data science and engineering analytics are going to show more benefits in lowering production costs and increasing efficiencies, the well-established reservoir and production engineering disciplines will continue to be critical for reservoir performance improvements.
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SPE’s third-largest section continues to reinvent itself. Chaired by Laura Weeden of Canwhite Sands, the section prides itself on following the SPE International mission and vision. The section boasts 11 special interest groups (SIGs) overseen by Silviu Livescu of Baker Hughes and run by approximately 40 dedicated volunteers who organize weekly technical events. In ad…
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Operators around the world are focusing on lowering their production costs for both conventional and unconventional assets, while oilfield service companies are responding to customers’ cost-saving requests with incremental improvements in technology, supply chains, automation, and collaboration.
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If the industry until recently was lamenting that a global upstream investment slump caused a focus on incremental technology improvements, now a looming oil-supply shortage has reignited discussions about how innovation, digital technologies, and collaborations can accelerate future major projects.
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While many efforts are focusing on the optimization of current technologies and the study of past reservoir performance to improve future developments, with fewer capital resources and personnel available, these efforts may yield only incremental improvements.
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The current reservoir-performance-monitoring technologies are being improved continuously for better reservoir understanding, more-accurate short- and long-term production forecasting, and lower overall operational costs.
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he industry is continuously looking at new monitoring devices and techniques, and there are huge opportunities for monitoring fieldwide data with the ultimate goal of understanding the reservoir better and predicting its short- and long-term production more accurately.
