Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots…
Operators have traditionally grown their resources and reserves through acquisition, exploration and producing more from an already-discovered field. Now, digital technologies are helping operators increase reserves.Wood Mackenzie research director…
Companies successful in reducing their capex and opex costs in the real world often do so by taking advantage of the digital world.There’s a reason terms like big data, digitalization, artificial intelligence (AI), machine learning and the digital…
Following a few years of low oil prices and a drop in rig utilization rates, drillers remain focused on ways to improve operational efficiency and safety.Many of the improvements to rigs are evolutionary, such as automation, remote control and sensing…
A new method for manufacturing large power umbilicals can shave off 15% to 20% of manufacturing time by minimizing the number of electrical cable splices required.Power umbilicals can be 10 inches in diameter and up to 60 miles long and take up a lot of space prior to installation…
As the oil and gas industry increasingly automates functions, one service company has focused on changing the focus from dumb iron to the cloud.Weatherford’s vision is to take its range of production tools and technologies to the next level by bringing them together with the basics of Industry 4…
The use of drones to inspect offshore assets can drive up safety levels, increase operational time and reduce costs.In just a few short years, drone technology has “come a very, very long way,” says Tyler Collins, VP of enterprise services at PrecisionHawk…
Through artificial intelligence and machine learning, oil companies can monitor production stream quality in real time to optimize the value per barrel.“The industry is now recognizing the importance of product quality,” says Paul Oates, US business development director for Validere…
As connectivity at offshore oil and gas facilities improves, one of the major hurdles for augmented reality technology is evaporating.Connectivity has, for years, been the primary challenge for uptake of certain remote-enabling technologies for use in testing…
The leadership at Danos believes technology will transform the oil industry. To thrive in the midst of that change, Louisiana-based Danos is actively focused on how to use technology to help customers work more efficiently and cost-effectively…
The future of the oil field is digital.Qasem Al Kayoumi, ADNOC’s SVP, technical center, said all the company’s new field developments will rely on digital technology. Speaking at the Life 2019 Landmark Innovation Forum & Expo in Houston, he…
Following a “Gulf of Mexico way” of project execution strategy, standardizing equipment, opting for subsea solutions where possible and focusing on efficient drilling methods is saving $1.3 billion on the Equinor-operated Peregrino Phase 2 heavy oil project offshore Brazil…
Using produced liquids in a wireless completionTendeka’s PulseEight re-deployable wireless completion systems have been deployed in a number of areas to carry out downhole functions. The PulseEight Ambient Valve has recognized safety incidents…
When oil and gas operators need to carry out workovers or plug and abandon a deepwater well, a primary concern is how much fatigue life remains in the wellhead.Wells from two decades ago were drilled and completed with rigs that may have been decommissioned…
Even with the best seismic data and reservoir modeling available, drillers have remained in the dark about what’s in front of the drill bit. A new sensing tool has been designed to “see” ahead of the bit and can transmit data in real time to shift drilling operations from reactive to proactive…
This issue of Offshore Engineer is dedicated to Big Data and Digitalization
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