Understanding Mega Project Management in the Petroleum Industry

2017 ◽  
Vol 6 (0) ◽  
pp. 6
Author(s):  
Boris Asrilhant ◽  
Tania Tisser Beyda ◽  
Luiz Fernando Alves da Rocha
Keyword(s):  
Project Management ◽  
Petroleum Industry

scholarly journals Agile methodology of well pad development

2020 ◽  
Vol 10 (8) ◽  
pp. 3483-3496
Author(s):  
Aleksandr Abramov
Keyword(s):  
Project Management ◽  
Net Present Value ◽  
Computational Study ◽  
Petroleum Industry ◽  
Development Projects ◽  
Agile Methodology ◽  
Modern Project ◽  
Degree Of Certainty ◽  
Unequal Number ◽  
High Degree

Abstract Placing of wells in clusters with unequal number of thereof is an emerging concept of well pad development which still requires scrutiny even from a theoretical standpoint. The concept has its potential in improving economic efficiency of one of the most capital intensive processes in upstream sector of petroleum industry—the well pad drilling. To advocate and strengthen this profitability enhancing potential, this work integrates clustering of unequal number of wells into modern project management methodologies (agile project management), which has not been done before. It is shown that such symbiosis, which is called here the adaptive well pad development (or agile methodology of well pad development), has twofold benefit consisting of (1) managing of and accounting for uncertainties of real projects and (2) further improving economic performance of development projects in comparison with standalone well pad configurations with unequal number of wells. To exemplify these advantages, detailed simulations of well pad drilling projects were performed with equal and unequal number of wells in clusters. The simulation model accounting for more than 40 parameters and individual features of wells shows that combination of unequal well clustering configurations with adaptation of well pad designs to updates in project parameters results in significant improvements to the net present value (NPV). For three drilling scenarios studied in this work, the NPV increments ranged from 8 to 36%. Additionally, it was found that groupings with unequal number of wells consistently outperform groupings with equal number of wells in uncertain conditions, and NPV improvements from 10 to 20% have been obtained. These findings enrich understanding of the vast space of clustering schemes with unequal number of wells and demonstrate how these well pad configurations can be applied to use ever-changing environment to one's advantage. On basis of this computational study, it is now valid to assert with high degree of certainty and confidence that industrial deployment of clustering with unequal number of wells in combination with proper organizational measures results in boost to the NPV of well pad development projects at the level of several to tens of percent.

Adoption and implementation potential of the lean concept in the petroleum industry: state-of-the-art

2019 ◽  
Vol 10 (1) ◽  
pp. 311-338 ◽  
Author(s):  
Andika Rachman ◽  
R.M. Chandima Ratnayake
Keyword(s):  
Project Management ◽  
Literature Review ◽  
Conceptual Framework ◽  
State Of The Art ◽  
Management Practice ◽  
Data Extraction ◽  
Petroleum Industry ◽  
Lean Implementation ◽  
Content Type ◽  
Adoption And Implementation

Purpose A systematic literature review is performed to reveal the state-of-the-art in the implementation of lean principles in the petroleum industry. This paper aims to generate a conceptual framework and reveal research gaps with respect to lean concept application in the petroleum industry. Design/methodology/approach After formulating research questions, the search strategy is generated, followed by data extraction, literature review and synthesis of the results. The search covers any studies in peer-reviewed scientific journals and conference proceedings in the period 1990-2017 that discuss the implementation of the lean concept in the petroleum industry. Findings The lean concept has been used to improve operational and technical aspects, contractor/supplier relationships, team organization and project management practice in the petroleum industry. Based on the literature review, a conceptual framework is generated comprising four main elements: leadership and commitment from management, employee involvement, cooperation and trust with contractors/suppliers and lean project management. These elements are the pillars that are founded on lean philosophy and principles to support technical/operational improvement in the organization. The types of literature identified indicate that the subject of the study is still immature. Research limitations/implications This study focuses only on the upstream sector of the petroleum industry, which restricts the generalizability of the results to midstream and downstream businesses. Practical implications This paper provides knowledge and information regarding the current state of lean implementation in the petroleum industry. The developed conceptual framework provides general guidance for practitioners regarding lean implementation in the petroleum industry, and is also expected to support research on theory building. Originality/value Few studies have discussed the application of the lean concept in the petroleum industry. This paper contributes a platform for researchers and practitioners to comprehend how the lean concept has been applied in the petroleum industry, and provides a foundation for further studies on lean implementation in the petroleum industry.

FOUR NEW BASS STRAIT PLATFORMS — A PROJECT MANAGER S VIEW

1982 ◽  
Vol 22 (1) ◽  
pp. 254
Author(s):  
J. W. Power
Keyword(s):  
Project Management ◽  
Petroleum Industry ◽  
Project Manager ◽  
Current Level ◽  
Oil Fields ◽  
The West ◽  
Offshore Development ◽  
Gippsland Basin ◽  
Management Issues ◽  
Design And Construction

The offshore development by Esso/BHP of the West Kingfish, Cobia, Fortescue and Flounder oil fields in the Gippsland Basin is one of the significant undertakings by the petroleum industry during the 1980s. Production from the fields will help sustain the current level of production from Bass Strait into the latter part of this decade.This paper examines some of the principal project management issues and actions involved in the planning and execution of the design and construction phases of the platforms and pipelines associated with each of these fields.

High resolution electron microscopy of lanthanum phosphate crystals

1978 ◽  
Vol 36 (1) ◽  
pp. 274-275
Author(s):  
J. C. Wheatley ◽  
J. M. Cowley
Keyword(s):  
Electron Microscopy ◽  
Catalytic Activity ◽  
High Resolution ◽  
Petroleum Industry ◽  
High Resolution Electron Microscopy ◽  
Lanthanum Phosphate ◽  
Good Catalyst ◽  
Resolution Electron ◽  
Good Catalytic Activity ◽  
Physical And Chemical

Rare-earth phosphates are of particular interest because of their catalytic properties associated with the hydrolysis of many aromatic chlorides in the petroleum industry. Lanthanum phosphates (LaPO4) which have been doped with small amounts of copper have shown increased catalytic activity (1). However the physical and chemical characteristics of the samples leading to good catalytic activity are not known.Many catalysts are amorphous and thus do not easily lend themselves to methods of investigation which would include electron microscopy. However, the LaPO4, crystals are quite suitable samples for high resolution techniques.The samples used were obtained from William L. Kehl of Gulf Research and Development Company. The electron microscopy was carried out on a JEOL JEM-100B which had been modified for high resolution microscopy (2). Standard high resolution techniques were employed. Three different sample types were observed: 669A-1-5-7 (poor catalyst), H-L-2 (good catalyst) and 27-011 (good catalyst).

Using a web-based, project management resource to facilitate collaboration

2009 ◽  
Author(s):  
Elizabeth Ruth Anthony ◽  
Chantal P. Tusher ◽  
Dary Enkhtor ◽  
Sarah Cook
Keyword(s):  
Project Management ◽  
Web Based
Sign in / Sign up

Export Citation Format

Share Document