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.
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Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint? -
This paper discusses and demonstrates the limitations of quantitative risk assessments (QRA) with respect to the usefulness of the concept in managing day-to-day and emerging risks as well as the effect of change. The paper goes on to discuss improved solution sets compared with pure reliance on QRA.
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“Riskwashing” refers to a situation where an organization engages in superficial or insincere actions to create the appearance of addressing a particular risk or issue without actually taking substantive action to address the underlying problem. This paper presents methods to identify and minimize riskwashing as an organizational response to incidents.
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SponsoredWhile WACC is frequently used as the base discount rate for corporate-level decision-making, using it as a universal discount rate for projects can result in inaccurate project valuations. Incorporating the opportunity cost of capital provides a more nuanced and accurate approach to project evaluation.
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This paper presents a method of geomechanical-risk screening and gives examples of its positive effect on the company’s safety standards through implementation of integrated solutions to prevent or mitigate the risks.
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At SPE’s Permian Basin Energy Conference, operators shared behind-the-scenes details on innovations such as drilling horseshoe wells and trimulfrac completions along with in-basin challenges such as handling produced water.
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The late-season hurricane caused damage across western Cuba and now is setting its sights on the US Gulf of Mexico.
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Speaking at this year's ADIPEC, leaders from BP, Shell, Petronas, ADNOC, and Eni said the energy transition must become profitable and that AI will likely play a key role.
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This paper delves into the evolving landscape of drilling automation, emphasizing the imperative for these systems to go beyond novelty and deliver quantifiable financial value.
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This paper provides insight into designing advanced well completions offshore West Africa with autonomous inflow control devices that enable maximizing the producing life of the wells under various challenging reservoir conditions.
