Risk management
As drilling operations become increasingly digital, computer vision is emerging as a continuous safety layer that complements, not replaces, established safety practices. The challenge is no longer whether artificial intelligence can detect hazards, but how operators should deploy, integrate, and govern these systems to improve safety without adding operational comple…
This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) addresses decisions that look stronger than they are and take longer to implement than the reservoir can afford.
This paper explores how artificial intelligence (AI), cognitive models, and integrated digital tools can transform readiness from periodic drills into a continuous, measurable 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. -
Risk-taking behavior is an important contributing human factor to incidents and is notoriously difficult to influence. This study examined how safety measures and uncertainty affected the risk-taking behavior of participants.
-
This paper explores whether factors other than the driver can be influenced to increase overall driving safety. This is an application of the risk management approach of using fundamental design and layout to reducing the likelihood and severity of incidents.
-
This paper presents a multiple-physical-barrier (MPB) approach to operational risk management by focusing on physical barriers and success paths that enable each barrier to perform its safety functions.
-
Industry regulators in Oklahoma have rolled out broad new restrictions on more than 600 disposal wells as part of the largest action of its kind taken in response to earthquakes.
-
Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.
-
Speakers at the recent SPE Asia Pacific Unconventional Resources Conference and Exhibition addressed the role of uncertainty and risk in sanctioning megaprojects.
-
Whether using internal expertise or outside consultants, projects and initiatives can go awry due to cultural issues and bad management advice. This can have implications for many aspects of a business, including process safety.
-
Analyzing accidents can demonstrate how much they have in common with everyday operations. Business principles and sound engineering practices can be at odds.
-
Change is constant in the oil and gas industry, bringing an increase in operational risk. As companies acquire and develop assets around the world, they must reduce their risk exposure by improving operational integrity.
