risk assessment
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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.
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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.
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This paper discusses the strategy, approach, and challenges faced in the adoption and implementation of an onsite and remote automated-drilling performance measurement.
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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.
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SponsoredWellbore deformation can occur at any stage in the life of a well. Whether a result of changes in temperature, pressure or tectonic forces, wellbore deformation may result in serious downhole issues such as restricted access for interventions or the loss of well integrity that may ultimately lead to premature well abandonment and significantly reduced economic perform…
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Risk-based inspection is based on sophisticated risk analysis which significantly decreases overheads and helps to avoid equipment failures or unnecessary shutdowns.
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The SPE technical director of Production and Facilities discusses the role process and occupational safety play in oil and gas operations.
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Operators are increasingly sampling local groundwater prior to drilling as a risk management approach to deal with public concerns about hydraulic fracturing and other activities.
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Companies have developed a greater understanding of the causes and effects of long-term fatigue on workers by adapting risk-based approaches to fatigue management. But it is important to incorporate work-site causes of fatigue.
