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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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. -
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.
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Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.
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Speakers at the recent SPE Asia Pacific Unconventional Resources Conference and Exhibition addressed the role of uncertainty and risk in sanctioning megaprojects.
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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.
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Analyzing accidents can demonstrate how much they have in common with everyday operations. Business principles and sound engineering practices can be at odds.
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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.
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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.
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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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Many business and digital corporations claim that between 100 billion and 200 billion devices could be connected by 2020.
