scholarly journals Real-world decision making in the upstream oil and gas industry—prescriptions for improvement

2008 ◽  
Vol 48 (1) ◽  
pp. 329
Author(s):  
Steve I Mackie ◽  
Steve H Begg ◽  
Chris Smith ◽  
Matthew Welsh
Keyword(s):  
Decision Making ◽  
Real World ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
The Real ◽  
Decision Outcomes ◽  
Decision Making Processes ◽  
Decision Making Model

Business under-performance in the upstream oil and gas industry, and the failure of many decisions to return anticipated results, has led to a growing interest in the past few years in understanding the impacts of decision-making processes and their relationship with decision outcomes. Improving oil and gas decision making is, thus, increasingly seen as reliant on an understanding of the processes of decision making in the real world. There has been significant work carried out within the discipline of cognitive psychology, observing how people actually make decisions; however, little is known as to whether these general observations apply to decision making in the upstream oil and gas industry. This paper is a step towards filling this gap by developing the theme of decision-making process. It documents a theoretical decision-making model and a real-world decision-making model that has been distilled from interviews with many Australian upstream oil and gas professionals. The context of discussion is to review the theoretical model (how people should make decisions) and the real-world model (how people do make decisions). By comparing and contrasting the two models we develop a prescriptive list of how to improve the quality of decisions in practice, specifically as it applies in the upstream oil and gas industry.

DECISION TYPE—A KEY TO REALISING THE POTENTIAL OF DECISION MAKING UNDER UNCERTAINTY

2007 ◽  
Vol 47 (1) ◽  
pp. 309 ◽  
Author(s):  
S.I. Mackie ◽  
S.H. Begg ◽  
C. Smith ◽  
M.B. Welsh
Keyword(s):  
Decision Making ◽  
Real World ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Decision Making Under Uncertainty ◽  
Gas Industry ◽  
The Past ◽  
Decision Outcomes ◽  
Decision Type ◽  
Definition Of

Business underperformance in the upstream oil and gas industry, and the failure of many decisions to return expected results, has led to a growing interest over the past few years in understanding the impacts of decisionmaking tools and processes and their relationship to decision outcomes. A primary observation is that different decision types require different decision-making approaches to achieve optimal outcomes.Optimal decision making relies on understanding the types of decisions being made and tailoring the type of decision with the appropriate tools and processes. Yet the industry lacks both a definition of decision types and any guidelines as to what tools and processes should be used for what decisions types. We argue that maximising the chances of a good outcome in real-world decisions requires the implementation of such tailoring.

ABOUT NECESSITY OF MATHEMATICAL MODELING OF THE BUSINESS PROCESS OF COST ESTIMATE CALCULATIONS IN THE CONSTRUCTION OF OIL AND GAS FACILITIES

2017 ◽  
pp. 139-145
Author(s):  
R. I. Hamidullin ◽  
L. B. Senkevich
Keyword(s):  
Mathematical Modeling ◽  
Quality Assessment ◽  
Business Process ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Construction Organizations ◽  
The Cost ◽  
Cost Of Construction

A study of the quality of the development of estimate documentation on the cost of construction at all stages of the implementation of large projects in the oil and gas industry is conducted. The main problems that arise in construction organizations are indicated. The analysis of the choice of the perfect methodology of mathematical modeling of the investigated business process for improving the activity of budget calculations, conducting quality assessment of estimates and criteria for automation of design estimates is performed.

scholarly journals EVOLUTION OF THE QUALITY OF HIGH-PRESSURE VALVES DURING THE PERIOD OF THEIR INTENSIVE DEVELOPMENT

2021 ◽  
Vol 05 (01) ◽  
pp. 04-10
Author(s):  
Sabir Babaev ◽  
Ibrahim Habibov ◽  
Zohra Abiyeva
Keyword(s):  
High Pressure ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Machine Building ◽  
High Rate ◽  
Performance Criteria ◽  
Gas Industry ◽  
Evolution Of Technology ◽  
Intensive Development

Prospects for the further development of the oil and gas industry are mainly associated with the development and commissioning of high-rate fields. In this regard, the production of more economical and durable equipment by machine-building enterprises, an increase in the level of its reliability and competitiveness, as well as further improvement of technological production processes, is of paramount importance. The evolution of technology in a broad sense is a representation of changes in designs, manufacturing technology, their direction and patterns. In this case, a certain state of any class of TC is considered as a result of long-term changes in its previous state; transition from existing and applied in practice vehicles to new models that differ from previous designs. These transitions, as a rule, are associated with the improvement of any performance criteria or quality indicators of the vehicle and are progressive in nature. The work is devoted to the study of the evolution of the quality of high-pressure valves during the period of their intensive development. Keywords: technical system, evolution of technology, high-pressure valves, shut-off devices, gate.

Pedagogical Subjectivity of Monitoring the Formation of Professional Readiness of Future Workers in the Oil and Gas Industry

2020 ◽  
Vol 8 (5) ◽  
pp. 3-8
Author(s):  
T. Danilova
Keyword(s):  
Professional Development ◽  
Professional Education ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Structural Components ◽  
Gas Industry ◽  
Professional Development Of Teachers ◽  
Relationship Of ◽  
The Relationship

The article considers a teacher as a subject of monitoring the professional readiness of future workers in the oil and gas industry, who has pedagogical subjectivity in its implementation. This quality of personality is characterized in the context of the teacher's monitoring competence. The structure of pedagogical subjectivity is determined by the features of professional readiness of workers in the oil and gas industry and its monitoring. It involves the relationship of theoretical, technological, and personal components. The article presents the results of a ascertaining experiment that established insufficient formation of structural components of pedagogical subjectivity in monitoring. The expediency of correcting the identified problem aspects and related professional development of teachers to monitor the professional readiness of future workers in the oil and gas industry is justified. It is assumed that the problem of their formation is characterized by industry specifics and is implemented by means of additional professional education.

scholarly journals Design of replaceable nozzles for connecting pipelines in electron beam welding

2021 ◽  
Vol 2094 (4) ◽  
pp. 042015
Author(s):  
V S Tynchenko ◽  
V A Kukartsev ◽  
S G Dokshanin ◽  
A V Fedorova ◽  
V Slinitsyna ◽  
...  
Keyword(s):  
Electron Beam ◽  
Welded Joints ◽  
Oil And Gas ◽  
Electron Beam Welding ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Advantages And Disadvantages ◽  
Welding Technology ◽  
Welded Seam

Abstract The article is devoted to the use of electron beam welding for connecting pipelines in the oil and gas industry. The analysis of the proposed approach and equipment for creating permanent pipe-flange connections is carried out. The advantages and disadvantages of the proposed approach are considered. During the work, the welded seam was calculated. A set of interchangeable attachments for the turntable has also been developed. Thus, the purpose of this work is to improve the quality of welded joints of oil and gas equipment through the use of electron-beam welding technology and design of replaceable nozzles for a turntable for an electron-beam welding unit.

Visualisation and delineation techniques adopted from other industries to increase productivity of the G&G work in the oil and gas industry

2015 ◽  
Vol 55 (2) ◽  
pp. 475
Author(s):  
Adrien Bisset ◽  
Christopher Han
Keyword(s):  
Seismic Data ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Frequency Decomposition ◽  
Knowing That ◽  
Seismic Acquisition ◽  
Decision Making Processes ◽  
Increase Productivity ◽  
Human Interpretation

Given the recent increase of seismic data quality owing to improvements in seismic acquisition and processing, it is surprising to realise that the oil and gas industry is still using standard desktop screens with 256 colour resolution software displays, and for most of the seismic representations, using only three types of colour bars (peak-trough, grey scale or rainbow) for human interpretation, comprehension and decision making processes. Knowing that these displays show 0.000006% of the details captured in 32 bit resolution data, it is a wonder: is the oil and gas industry using the available data to its maximum potential to decrease the risk of drilling dry wells? Astronomy and medical imaging tackled these issues long ago and inspired by them, the oil and gas industry is able to use a 24 bit colour space for representing seismic data in a more appealing way. These innovative seismic data representations are called colour blends and are created using sources such as frequency decomposition products, angle stacks, edge attributes, 4D vintages or any other seismic attributes colour-coded with primary colours. Colour blends have not yet become mainstream due to availability of the tools. The cognitive cybernetics approach allows a more balanced input between data driven processes, interpreter skills and guidance, and has recently been made available for use with colour blends—a breakthrough in interpretation. This extended abstract shows recent advances in these two techniques and how they benefit to the geological and geophysical work based on a case study from the Australian and New Zealand sector.

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