risk management

This paper introduces dynamic risk modeling and reports on a 2016 proof-of-concept demonstration of the emergent capability. 

By using a Bayesian network, a probabilistic graphical model, in their shale operations, companies might eliminate some of the hurdles they face in these areas, an expert said at the 2016 Unconventional Resources Technology Conference.

An appraisal program involving the Bentley field located on the UK continental shelf has addressed the key technical concerns associated with developing viscous crude in an offshore environment.

The number of aging offshore facilities in the Asia Pacific region is increasing. The decision to extend the service life of an offshore asset is made on the basis of detailed technical analyses combined with detailed economical evaluations.