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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Failure to prioritize objectives and improper selection of candidate wells can have significant implications for both derived value and potential risk. -
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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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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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.
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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.
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The process of risk and uncertainty reduction in unconventional-drilling operations starts with improving techniques for pore-pressure modeling.
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A sharp rise in seismic events in some areas of the United States where oil and gas production is booming is leading regulators and the industry to examine whether the two are related.
