Exploration Drilling Management System Based on Digital Twins Technology

2021 ◽  
Author(s):  
Oleg Kalinin ◽  
Maksim Elfimov ◽  
Timur Baybolov
Keyword(s):  
Management System ◽  
Oil And Gas ◽  
Data Driven ◽  
Construction Process ◽  
Digital Twin ◽  
Digital Management ◽  
Production Wells ◽  
Exploration And Production ◽  
Oil And Gas Companies ◽  
Drilling Bit

Abstract Digital transformation of oil and gas companies requires consistent improvement of work performance management. Oil and gas companies strive to improve work efficiency and consistently develop and implement digital products. The realization of such complicated solutions requires deep diving into current business processes and transformation of them. This paper deals with implementation of digital management system for exploration and production wells. Digital management system for exploration and production wells is based on ideology of digital twin and act as a single window and single source of data for all exploration and production wells. Digital management system covers whole construction process started from planning stage to execution and results assessment and orchestrates the exchange of data between process phases and people involved in it. Transparency provided by the digital twin improves efficiency and accelerates well construction process. Cognitive assistants based on AI and ML techniques are implemented at every stage: while planning, the assistants search analogue wells, analyze its design and complications while drilling and provide recommendations for the most optimal well design, offers the optimum drilling mud density and recommends the most suitable set of logs to cover geological section uncertainty. At the execution stage, a number of ML assistants are used to increase efficiency and reduce risks while drilling: automatic method for anomaly detection while drilling to prevent complications while drilling, machine learning based model for automatic torque and drag control to control borehole condition to predict any signs of differential stuck, key sitting and pack-off, data-driven model for drilling bit position and direction determination to predict BHA position while drilling including a blind zone, data-driven model for the identification of the rock type at a drilling bit for correct geosteering application.

scholarly journals EXPLORATION AND PRODUCTION OF OIL AND GAS BASED ON THE GEOSOLITON MODELS AND TECHNOLOGIES

2016 ◽  
pp. 12-17
Author(s):  
R. M. Bembel ◽  
M. R. Bembel ◽  
D. M. Sahipov ◽  
I. A. Schetinin
Keyword(s):  
Oil And Gas ◽  
The Earth ◽  
Development Costs ◽  
Production Wells ◽  
Exploration And Production ◽  
Exploration And Development

It is proposed on the basis of special technologies use to ensure a multiple reduction of exploration and development costs at significant increasing the production volumes. This is achieved by optimizing the placement of exploration and production wells in the immediate vicinity of the centers of geosoliton degassing of the Earth.

scholarly journals Risk management system model to improve the reputation of oil and gas companies in the Java island - Indonesia

2019 ◽  
Vol 276 ◽  
pp. 02014
Author(s):  
Nevila Rodhi Nova ◽  
I Putu Artama Wiguna ◽  
Anwar Nadjadji
Keyword(s):  
Sustainable Development ◽  
Risk Management ◽  
Management System ◽  
Oil And Gas ◽  
Negative Impact ◽  
Risk Management System ◽  
Preventive Method ◽  
Iso 31000 ◽  
Social Environmental ◽  
Oil And Gas Companies

Risk management has been widely studied and applied in oil and gas pipeline projects, but the reality is that the impacts still occur. This is due to the ineffectiveness of existing risk management applications, so of course in this case an effective risk management system is needed, in which risk management must pay attention to all aspects that exist, both internal aspects, external aspects, and other aspects that can affect and influenced by existing risks and risk management not only can be used as a preventive method. But it can also support sustainable development targets. This paper presents the application of risk management by oil and gas companies in Indonesia that has been adapted to ISO 31000:2009 as a framework that can integrate various other management processes, including the management of HSE (Health, Safety, and Environment) risk in the hope of that sustainable development can be achieved . But in the reality it can not be denied that the activities that continue to this day still cause negative impact, especially for the environment. International oil and gas companies nowadays place more emphasis on preventive measures than the methods of mitigation. Thus it shows that the concept of sustainable development has not been fully considered in risk management applications. The existence of a continuous negative impact would greatly affect the credibility of oil and gas companies. Based on the results of research conducted with the hybrid method and analyzed with the help of System Dynamics it can be concluded that there are 3 (three) factors that can affect reputation risk, these factors are social, environmental, and economic and the model built in this study shows that it will can help the oil and gas company players to predict and improve the company’s reputation.

scholarly journals E&P Lending

2013 ◽  
Vol 1 (2) ◽  
pp. 361-378
Author(s):  
Jason A. Schumacher
Keyword(s):  
Interest Rates ◽  
Oil And Gas ◽  
Debt Financing ◽  
Due Diligence ◽  
Horizontal Drilling ◽  
Multi Stage ◽  
Exploration And Production ◽  
Term Energy ◽  
Large Acreage ◽  
Oil And Gas Companies

Oil and gas companies frequently use debt financing in order to provide the large capital required to explore and develop large acreage blocks. With the rise of horizontal drilling in combination with multi-stage hydraulic fracturing, the average cost per well has skyrocketed. In order to access a bank’s cheaper money, an oil and gas company normally must have already found something worth finding. In return for a beneficial interest rate from a bank (as opposed to splitting the profits of the company with equity partners or paying mezzanine debt interest rates), the oil and gas company must get more ducks in a row than it had to get in a row to raise money from their friends and family, a venture equity, or a mezz debt source. Additionally, due to the special characteristics of oil and gas as an asset, special legal issues exist for bank lenders to navigate to insure they can recover on collateral in a first-priority lien position in the event that the oil and gas company borrower goes into bankruptcy. This Article explores the legal due diligence process of an oil and gas loan deal—addressing both the roles of the borrower’s counsel and the lender’s counsel in the process. Further, it addresses unique issues related to properly securing the collateral of an oil and gas company borrower under Texas law. It should be noted that this Article is related to exploration and production (E&P) companies, not companies involved with the midstream or downstream side of the business. This Article focuses on oil and gas properties located in the state of Texas; while the collateral rules will be almost the same in other states, only the Texas law perspective will be discussed. Some capitalized terms will be used. The term “Energy Lender” refers to a lender in an oil and gas loan transaction. The term “Borrower” refers to an oil and gas company borrowing money from an Energy Lender.

How does a community add value to the oil and gas industry?

2016 ◽  
Vol 56 (2) ◽  
pp. 571
Author(s):  
Stuart Trundle ◽  
Anne Probert
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Oil And Gas Exploration ◽  
Community Stakeholders ◽  
Exploration And Production ◽  
Oil And Gas Companies ◽  
Industry Community ◽  
Community Relationship ◽  
Insight Into

As pressure mounts for oil and gas companies to demonstrate tangible value to the communities in which they operate, there is a growing imperative for groups to actively engage with the industry and its operators. Regions who partner with the industry to identify and implement initiatives that leverage the investment can see very real economic and social gains from hosting oil and gas exploration and production. Venture Taranaki, the regional development agency for New Zealand’s only commercially producing oil and gas region, has been part of such a successful partnership in that area. They have worked extensively in the space between the industry and the community to maximise the benefits to the region. In doing so they have helped position Taranaki as a force in New Zealand’s economy, and it has developed initiatives that demystify and demonstrate the industry’s value to their community stakeholders, extending this momentum across the oil and gas supply chain. Its commercially neutral services have also advanced collaboration among the companies, fostered collective promotion of their capabilities, and assisted with management of demand-supply challenges in relation to project and shutdown planning. In this extended abstract the authors give an insight into their experiences, lessons for other regions, and proposals to further advance the industry-community relationship.

scholarly journals Formation of oil and gas reservoirs in deep water areas of the South Caspian Depression

2017 ◽  
Vol 21 (4) ◽  
pp. 169-174 ◽  
Author(s):  
Gahraman Nariman Ogly Gahramanov
Keyword(s):  
Oil And Gas ◽  
Deep South ◽  
The South ◽  
South Caspian Basin ◽  
Gas Reservoirs ◽  
Production Wells ◽  
Exploration And Production ◽  
Caspian Depression ◽  
Impacting Factors ◽  
High Layer

The aim of the article is the identification and characterization of complex factors acting simultaneously on forming a large-sized reservoirs in the deep South Caspian Basin, as well as the formation of a model based on a combination of causing the formation of hydrocarbon deposits synchronously occurring natural processes. The article comments on reasons for high layer pressures existing in the fields located in the South Caspian Depression (SCD), studies impacting factors and develops a methodical estimation on this basis. The tectonic factor and density-barometric model can become the main criterion for selection of priority projects for exploration, site selection for drilling and to accommodate exploration and production wells. Obtained results allow conducting effective studies of the exploration and development of oil and gas condensate fields in the SCD area.

MARKET STRATIGRAPHY—THE 25-YEAR ODYSSEY OF THE AUSTRALIAN PUBLICLY-LISTED OIL AND GAS SECTOR (IS THE SMALLER E&P COMPANY THREATENED WITH EXTINCTION?)

2001 ◽  
Vol 41 (1) ◽  
pp. 803
Author(s):  
P.J. Cameron ◽  
J.G. Baird
Keyword(s):  
Oil And Gas ◽  
Oil Price ◽  
Market Sentiment ◽  
The Past ◽  
Exploration And Production ◽  
Substantial Investment ◽  
Production Company ◽  
Oil And Gas Companies ◽  
Risk Investment ◽  
Oil And Gas Sector

A market view of the population of publicly listed oil and gas companies during the past 25 years provides insights to the survival of the smaller exploration and production company. Mapping the life span of companies, and company population against parameters such as oil price and market activity, demonstrates that oil price is not the crucial driver for the industry as one would expect. The number of exploration companies existing at any one time is independent of oil price and discovery levels, but is more closely related to market sentiment and external influences. The benefits of success are apparent, but the vulnerability of smaller companies to that success is also apparent. While the ASX Energy Index has significantly out-performed the market, and the resources sector in general over this period, it is still considered a high-risk investment area, which fails to attract substantial investment funds.At a time of an apparently sustainable higher oil price, and record market levels, why is the level of new corporate activity so limited? In stratigraphic terms, is the survival of this species threatened? Was Darwin right—will the strong get stronger and will the small E&P company be driven to extinction?

scholarly journals Coupled Microbiological–Isotopic Approach for Studying Hydrodynamics in Deep Reservoirs: The Case of the Val d’Agri Oilfield (Southern Italy)

Water ◽  
2020 ◽  
Vol 12 (5) ◽  
pp. 1483 ◽  
Author(s):  
Pietro Rizzo ◽  
Antonio Bucci ◽  
Anna Maria Sanangelantoni ◽  
Paola Iacumin ◽  
Fulvio Celico
Keyword(s):  
Oil And Gas ◽  
Petroleum Industry ◽  
Test Site ◽  
Monitoring Tool ◽  
Modeling Techniques ◽  
Production Wells ◽  
Exploration And Production ◽  
Different Temperatures ◽  
The 19Th Century ◽  
Natural Hydrocarbon

The studies upstream of the petroleum industry include oil and gas geological exploration and are usually focused on geological, structural, geophysical, and modeling techniques. In this research, the application of a coupled microbiological–isotopic approach was explored to assess its potential as an adequate characterization and monitoring tool of geofluids in oilfield areas, in order to expand and refine the information acquired through more consolidated practices. The test site was selected within the Val d’Agri oilfield, where some natural hydrocarbon springs have been documented since the 19th century in the Tramutola area. Close to these springs, several tens of exploration and production wells were drilled in the first half of the 20th century. The results demonstrated the effectiveness of the proposed approach for the analysis of fluid dynamics in complex systems, such as oilfield areas, and highlighted the capacity of microbial communities to “behave” as “bio-thermometers”, that is, as indicators of the different temperatures in various subsurface compartments.

scholarly journals APPARATUS AND METHODICAL COMPLEX FOR DETERMINATION OF OIL-GAS RESERVOIRS PARAMETERS WHILE DRILLING HORIZONTAL WELLS

2019 ◽  
pp. 20-25
Author(s):  
M. Bondarenko ◽  
V. Kulyk ◽  
Z. Yevstakhevych ◽  
S. Danyliv ◽  
V. Zinenko ◽  
...  
Keyword(s):  
Oil And Gas ◽  
Water Saturation ◽  
Small Diameter ◽  
Horizontal Wells ◽  
Physical Models ◽  
Gas Reservoirs ◽  
Exploration And Production ◽  
Oil And Gas Companies ◽  
Oil Gas ◽  
Logging Tool

The paper is devoted to the basic principles of the trend of logging, namely logging while drilling (LWD), which is new for Ukraine. The LWD technology has a number of advantages over other logging types, in particular, in supplementary exploration and production of hydrocarbons in fields that are in longterm development. In this case, the drilling of horizontal wells, which by productivity is much higher than the vertical ones, is important. For the investigations of horizontal wells, we proposed a universal compact radioactive logging tool with small diameter, which is placed in entire drill collar just before drilling. The combined radioactive logging tool LWD-КПРК-48 (48 mm in diameter) contains dual-spacing modules of neutron logging, neutron-gamma logging, density logging, as well as separately placed gamma-logging unit. Calibration works with the developed combined tool were carried out on physical models of reservoirs in the presence of drill collars and corresponding calibration dependences on porosity and density were obtained. They, together with the developed methods and other data, allow us to determine an extended set of petrophysical parameters, namely, the porosity of water-, oil- and gas-saturated reservoirs, the identification parameters of fluid: water – oil and water – gas, oil-, gas- and water saturation, volume content of oil and gas, etc. Test of a logging tool LWD-КПРК-48 when drilling a horizontal well in an oil-bearing bed showed high informativity and efficiency of product. The created apparatus and methodical complex for the investigation of horizontal oil and gas wells while drilling has several advantages over known analogues, in particular, is universal, convenient, more available to mining and well logging oil and gas companies.

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