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.
As managed pressure drilling gains traction, its principles are influencing a wider range of well-construction activities.
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The authors present a method to reduce uncertainty in EOR performance adaptively while identifying an optimal operational strategy for a given tolerance to risk. -
A subject field perhaps little known in the oil and gas industry is action science, a strategy for increasing the skills and confidence of individuals in groups to create organizations and to foster long-term individual and group effectiveness.
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Nontechnical risks, primarily around HSE or social responsibility, increasingly pose risks to project timelines. To manage these risks, companies are seeking systems that can ensure quality performance in these operational areas.
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Many business and digital corporations claim that between 100 billion and 200 billion devices could be connected by 2020.
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Failure to prioritize objectives and improper selection of candidate wells can have significant implications for both derived value and potential risk.
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Data mining for production optimization in unconventional reservoirs brings together data from multiple sources with varying levels of aggregation, detail, and quality.
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The Fast Drill Process has become a well-known work flow to identify hole-making limiters and mitigate them through redesign to the economic limit of performance.
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“Decision Making: What Makes a Decision Good,” was the topic of a recent webinar held by the SPE Human Factors Technical Section.
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Unconventional resources include coalbed methane, tight gas, and source-rock-based (often shale-based) reservoirs.
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Many companies are seeking 20% to 50% reductions in project costs. This level of capital cost reduction requires serious rethinking of the strategy for developing and executing projects.
