Risk management
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
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This case study by CNOOC and Halliburton highlights how enhanced multizone sand control treats eight unequal zones in one trip and reduces completion time by 60 hours in Bohai Bay, China.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
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CEO Bob Dudley, who calls BP’s UK North Sea business one of its “crown jewels”, will address hundreds of delegates at the opening plenary session at Europe’s foremost exploration and production technical conference and exhibition. -
This paper describes how an exploration-and-production company successfully developed and applied a qualitative risk-based abandonment-prioritization strategy for an inventory of inactive subsea wells.
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This paper presents approaches for proper risking of uncertain recoverable volumes for an unconventional resource, taking into account the chance of false positives from appraisal-well information.
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Awareness of the different styles of thinking can provide an understanding of the choices people make when assessing risk and making decisions. The purpose of this paper is to show how such knowledge can be operationalized and applied to real-world oil and gas operations.
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How do mooring systems reduce risks of hurricane damage to mobile offshore drilling units?
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At NASA, the qualitative approach to risk assessment is augmented by a quantitative technique to mitigate low-probability, high-consequence outcomes.
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Helicopter operations are important in the offshore industry but accidents involving them can have fatal consequences. This paper focuses on risk mitigation during the loading/unloading task of a slickline/wireline job from various viewpoints, including the psychological aspects of the crew.
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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.
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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.
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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.
