risk assessment
-
This paper discusses how a traditional stochastic approach in project economics used for screening and ranking can sometimes limit management visibility of all possible outcomes in a project.
-
This study compares, in a carbon capture and storage (CCS) context, the economics of a traditional business model vs. an alternative business model (a regional CCS hub separately managed by a special-purpose vehicle).
-
Driving change to encourage a new way of thinking about enterprise-level risk and potential hazards.
-
A recent report released from the National Academies of Sciences, Engineering, and Medicine shows improvement in measurement and management of systemic risk in Gulf of Mexico oil and gas operations but adds that progress lags in some areas.
-
Risk is a common thread that runs throughout all engineering disciplines. This course aims to present how to understand and identify hazards, analyze risk, and understand the importance of a comprehensive management system.
-
Instead of insights, traditional economic yardsticks in mature fields can create surprises. Buyers, investors, and lenders need new yardsticks—besides those based on present value—in order to make profitable decisions in mature properties.
-
This paper describes a collaboration between the operator and a service company that resulted in a successful deployment of an automation platform to manage risks and optimize drilling operations in exploration wells.
-
The authors of this paper develop a model that can predict well-risk level and provide a method to convert associated failure risk of each element in the well envelope into a tangible value.
-
This paper discusses the strategy, approach, and challenges faced in the adoption and implementation of an onsite and remote automated-drilling performance measurement.
-
This paper explains how machine learning and physiology can be used to improve rig technical training by monitoring the operator’s stress, leading to targeted training to manage such situations better.