Enterprise-Driven, Asset-Focused Digital Oilfield DOF Assessment - Strategic Framework and Roadmap

2021 ◽  
Author(s):  
ElFadl Z. Ibrahim ◽  
Mariam A. Al Hendi ◽  
Abdulla Al-Qamzi ◽  
Nasser A. Ballaith ◽  
Dr Esra Y. Al Hosani ◽  
...  
Keyword(s):  
Gap Analysis ◽  
Production Capacity ◽  
Reservoir Management ◽  
Growth Strategy ◽  
Landscape Assessment ◽  
Business Practices ◽  
Strategic Framework ◽  
Digital Gap ◽  
Digital Oilfield ◽  
The Impact

Abstract A new integrated growth strategy of an oil & gas company is focusing on maximizing the value of reserves and production in order to meet the value proposition of the highest possible return to the company. The strategy is built on the strategic foundation of the company of People, Performance, Profitability and Efficiency. From a business performance perspective, the strategy will bear fruit through increased production capacity, improved operational and cost efficiencies, re-energizing mature fields and uncovering new resources whilst maintaining safety and asset integrity. The objective of this global level exercise aims to assess and evaluate various Digital Oilfield (DOF) practices and initiatives against industry best practices, to perform a landscape assessment of the upstream assets, to review the asset digital gap, to develop a strategic framework and roadmap ensuring that the company strategic pillars are supported across all relevant aspects, by closing the digital gap between current and future states. The assessment scope covers the following domains: Reservoir management Production optimisation Operation management & integrity Engineering & projects Drilling Efficiency Logistics & Planning The landscape assessment and gap analysis consist of several stages that starts from documenting the information received from the assets capturing their current business practices and processes, analyzing the "as-is" condition, designing the future state, assessing the impact to the specific assets, define the benefits and value and creating a 5-year business roadmap. Aligned with the company DOF strategy, understanding the asset digital gap and enhancing the asset digital maturity will improve: HSE and asset integrity by reducing hazard exposure, optimizing energy usage and improving wells and facilities integrity Collaboration and faster analysis leading to timely decision making Integrated operations by optimized drilling planning, operations, optimized production forecasting and integrated planning Optimum Reservoir Management through enhanced reservoir surveillance and recovery

scholarly journals Analysis of Bio-Risk Management System Implementation in Indonesian Higher Education Laboratory

2021 ◽  
Vol 18 (10) ◽  
pp. 5076
Author(s):  
Anom Bowolaksono ◽  
Fatma Lestari ◽  
Saraswati Andani Satyawardhani ◽  
Abdul Kadir ◽  
Cynthia Febrina Maharani ◽  
...  
Keyword(s):  
Higher Education ◽  
Risk Management ◽  
Management System ◽  
Gap Analysis ◽  
Secondary Data ◽  
Education Institution ◽  
Management Systems ◽  
Primary Data ◽  
Risk Management System ◽  
The Impact

Developing countries face various challenges in implementing bio-risk management systems in the laboratory. In addition, educational settings are considered as workplaces with biohazard risks. Every activity in a laboratory facility carries many potential hazards that can impact human health and the environment and may cause laboratory incidents, including Laboratory Acquired Infections (LAIs). In an effort to minimize the impact and occurrence of these incidents, it is necessary to evaluate the implementation of a bio-risk management system in every activity that involves handling biological agents. This study was conducted in an Indonesian higher-education institution, herein coded as University Y. This is a descriptive, semi-quantitative study aimed at analysing and evaluating the implementation of the bio-risk management systems used in laboratories by analysing the achievements obtained by each laboratory. The study used primary data that were collected using a checklist which referred to ISO 35001: 2019 on Laboratory Bio-risk Management. The checklist consisted of 202 items forming seven main elements. In addition, secondary data obtained from literature and document review were also used. The results show that out of 11 laboratories examined, only 2 laboratories met 50% of the requirements, which were Laboratory A and B, achieving good performance. Regarding the clauses of standards, a gap analysis identified leadership, performance evaluation, and support as elements with the lowest achievement. Therefore, corrective action should be developed by enhancing the commitment from management as well as improving documentation, policy, education and training.

Wzbogacona rzeczywistość a nierówności społeczne

2021 ◽  
Vol 66 (2) ◽  
pp. 80-93
Author(s):  
Piotr Nieradka ◽  
Keyword(s):  
Social Inequality ◽  
Digital Divide ◽  
Social Inequalities ◽  
Individual Characteristics ◽  
Advanced Technology ◽  
Original Research ◽  
Augmented Reality Technology ◽  
Digital Gap ◽  
The One ◽  
The Impact

This paper focuses on the technology of extended reality, whereby the aim is to draw attention to selected issues related to technology and solutions in the extended reality area in the context of social inequalities. The first part of the article discusses the essence of extended reality technology, paying attention to its place in the modern economy, along with a description of such solutions. The remainder of the study focuses on the issue of social inequality, with particular emphasis on the impact of extended reality on the problem of the digital gap and digital divide. The article presents the results of original research undertaken on a group of 88 respondents with both CAWI and equipment supporting augmented reality technology, of which 39.36% declared testing with this type of equipment in the past. The article also presents the results of original research with the use of XR equipment. XR-related solutions are currently still perceived as luxury goods, despite both the increasing availability for users and undoubtedly unique advantages. These include realism of generated experiences and the phenomenon of immersion in the synthetic world. The analysis of the role of such solutions in the context of social inequality provides a conclusion about their dichotomous nature. On the one hand, by popularizing the XR technology, the possibility of overcoming barriers and inequalities resulting from individual characteristics or social position is created, which leads to the improvement in the life situations of some people who have been struggling with exclusion so far. On the other hand, it provides the conclusion that such advanced technology entering everyday life has the potential to create another digital divide, which in the long term will result in increasing digital disproportions and exclusion.

Time-Lapse Seismic for Reservoir Management: Case Studies From Offshore Niger Delta, Nigeria

2016 ◽  
Vol 19 (03) ◽  
pp. 391-402
Author(s):  
Sunday Amoyedo ◽  
Emmanuel Ekut ◽  
Rasaki Salami ◽  
Liliana Goncalves-Ferreira ◽  
Pascal Desegaulx
Keyword(s):  
Case Studies ◽  
Niger Delta ◽  
Reservoir Management ◽  
Time Lapse ◽  
Seismic Survey ◽  
Elastic Model ◽  
Field Development ◽  
4D Seismic ◽  
The Impact

Summary This paper presents case studies focused on the interpretation and integration of seismic reservoir monitoring from several fields in conventional offshore and deepwater Niger Delta. The fields are characterized by different geological settings and development-maturity stages. We show different applications varying from qualitative to quantitative use of time-lapse (4D) seismic information. In the first case study, which is in shallow water, the field has specific reservoir-development challenges, simple geology, and is in phased development. On this field, 4D seismic, which was acquired several years ago, is characterized by poor seismic repeatability. Nevertheless, we show that because of improvements from seismic reprocessing, 4D seismic makes qualitative contributions to the ongoing field development. In the second case study, the field is characterized by complex geological settings. The 4D seismic is affected by overburden with strong lateral variations in velocity and steeply dipping structure (up to 40°). Prestack-depth-imaging (PSDM) 4D seismic is used in a more-qualitative manner to monitor gas injection, validate the geologic/reservoir models, optimize infill injector placement, and consequently, enhance field-development economics. The third case study presents a deep offshore field characterized by a complex depositional system for some reservoirs. In this example, good 4D-seismic repeatability (sum of source- and receiver-placement differences between surveys, dS+dR) is achieved, leading to an increased quantitative use of 4D monitoring for the assessment of sand/sand communication, mapping of oil/water (OWC) front, pressure evolution, and dynamic calibration of petro-elastic model (PEM), and also as a seismic-based production-logging tool. In addition, 4D seismic is used to update seismic interpretation, provide a better understanding of internal architecture of the reservoirs units, and, thereby, yield a more-robust reservoir model. The 4D seismic in this field is a key tool for field-development optimization and reservoir management. The last case study illustrates the need for seismic-feasibility studies to detect 4D responses related to production. In addition to assessing the impact of the field environment on the 4D- seismic signal, these studies also help in choosing the optimum seismic-survey type, design, and acquisition parameters. These studies would possibly lead to the adoption of new technologies such as broad-band streamer or nodes acquisition in the near future.

Liverpool Merchants in 19th-Century Niger Delta

2018 ◽  
Vol 31 (3-4) ◽  
pp. 310-340
Author(s):  
Nimi Wariboko
Keyword(s):  
Nineteenth Century ◽  
Business Ethics ◽  
Niger Delta ◽  
Max Weber ◽  
Economic Conditions ◽  
The Political ◽  
Religious Ethics ◽  
Business Practices ◽  
Christian Missions ◽  
The Impact

Abstract How does religion or worldview affect business practices and ethics? This tradition of inquiry goes back, at least, to Max Weber who, in the Protestant Ethic and the Spirit of Capitalism, explored the impact of theological suppositions on capitalist economic development. But the connection can also go the other way. So the focus of inquiry can become: How does business ethics or practices affect ethics in a given nation or corporation? This paper inquires into how the political and economic conditions created and sustained by nineteenth-century trading community in the Niger Delta influenced religious practices or ethics of Christian missionaries. This approach to mission study is necessary not only because we want to further understand the work of Christian missions and also to tease out the effect of business ethics on religious ethics, but also because Christian missionaries came to the Niger Delta in the nineteenth century behind foreign merchants.

scholarly journals Pengaruh Personal Attitude dan E-learning terhadap Minat Berwirausaha pada Era Pandemi Covid-19

2021 ◽  
Vol 11 (1) ◽  
pp. 90
Author(s):  
Shita Lusi Wardhani ◽  
Manggar Wulan Kusuma
Keyword(s):  
Online Learning ◽  
Online Survey ◽  
Partial Least Square ◽  
Least Square ◽  
Business Practices ◽  
Community Activities ◽  
Personal Attitude ◽  
Offline Learning ◽  
E Learning ◽  
The Impact

<em>The Covid-19 outbreak and the enactment of restrictions on community activities have had many impacts, one of which is the change in teaching methods from offline learning or face-to-face activities to online learning or distance learning</em><em>. These changes can affect the learning process, especially subjects related to business practices, such as entrepreneurship. In online learning, several factors contribute to the successful delivery of online courses. However, little is known about the impact of these factors on Indonesian students' interest in entrepreneurship. Therefore, the purpose of this study was to examine the effect of personal attitude and e-learning on interest in entrepreneurship in the Covid-19 pandemic era. Data was collected through an online survey of 190 students who were taking entrepreneurship courses at selected universities in Yogyakarta. Data collected through online surveys were analyzed using Smart Partial Least Square (SmartPLS) 3.0. The results of this study found that interest in entrepreneurship is significantly influenced by personal attitude and e-learning. This study also found that perceived learning was not able to moderate the effect of e-learning on entrepreneurial interest.</em>

scholarly journals Sustainable Banking and Bank Performance

2021 ◽  
Vol 16 (1) ◽  
pp. 169
Author(s):  
Lilik Handajani ◽  
Akram Akram ◽  
Ahmad Rifai
Keyword(s):  
Structural Equation ◽  
Structural Equation Models ◽  
Stock Exchange ◽  
Bank Performance ◽  
Business Practices ◽  
Stakeholder Groups ◽  
Nonfinancial Performance ◽  
Banking Business ◽  
Sustainability Reports ◽  
The Impact

This research aims to examine the impact of sustainable banking practices and bank characteristics on bank performance. Structural equation models were used to analyze 11 banks listed on the Indonesia Stock Exchange that published sustainability reports consistently during the periods of 2015–2018. Results indicate that while the internalization of sustainability issues in banking business practices does not have a significant impact on bank performance, the characteristics of a bank, which are reflected by institutional and foreign ownership and bank age, have a significant effect on bank financial and nonfinancial performance. The implications of sustainable banking practices are indicated to gain legitimacy from regulators for the existence of financial entities and meet stakeholder expectations, which in practice require trade-off of interests among stakeholder groups. Keywords:  sustainable banking, bank performance,  bank characteristic

scholarly journals Systemic Approach to Evaluating External Factors Influencing the Resource Potential of the Catering Industry

2021 ◽  
Vol 2 (48) ◽  
pp. 143-148
Author(s):  
M. M. Kucher ◽  
◽  
H. P. Levchenko ◽  
Keyword(s):  
External Factors ◽  
Economic Situation ◽  
Business Practices ◽  
Labor Costs ◽  
Resource Potential ◽  
Factors Influencing ◽  
Catering Industry ◽  
Indirect Impact ◽  
Business Entities ◽  
The Impact

One of the defining sectoral features of the catering business as a component of a national economy is its increased sensitivity to changes occurring in the economic situation, environment and business practices. It is a priori impossible to take into account the absolute majority of factors influencing the process of resource potential formation, so it is necessary to determine the set of those factors that have a direct or indirect impact on the catering business in general and resource potential in particular, as well as on the formation of their comprehensive evaluation system. The article is aimed at evaluating the impact of these factors on the resource potential of enterprises in the catering industry. The macroenvironment is analyzed as a set of external factors of indirect impact by the following indices: GDP, investment, consumer price index, household income. The dualistic nature of the impact made by external factors of indirect impact is established, whereas these factors can be both opportunities and threats to the catering industry depending on certain criteria of the international economic situation. A comprehensive analysis of the meso environment from the standpoint of dividing impact factors in two groups: the market group (number of business entities in catering industry; gross output and volume of sales of goods; price indices for goods and services) and resource group (financial results of the catering industry and services; investment volume and structure in this area; employment and labor costs; information technologies usage). The presence and hidden sources by types of resources are established. Synthesis of the impact areas of external factors on the activity of catering business entities is made based on a symbiosis of the following methods: PEST-analysis, SWOT-analysis, PESTEL-analysis. A set of evaluation areas of factors influencing the formation of the resource potential of an enterprise is created, providing for the application of the distribution criterion depending on the area of evaluating external factors of indirect impact. The general economic indicator (GDP) is suggested to be used as a distribution criterion, whose range of values will indicate the transition of a particular index to the plane of "threat" or "opportunity".

scholarly journals DAMPAK KENAlKAN BARGA MINYAK GORENG TERHADAP KELAYAKAN USAHA INDUSTRI RUMAH TANGGA KERIPIK TEMPE DI KECAMATAN RAWALO KABUPATEN BANYUMAS

Agro Ekonomi ◽  
2017 ◽  
Vol 15 (2) ◽  
Author(s):  
Altri Mulyani ◽  
Masyhuri Masyhuri ◽  
Ken Suratiyah
Keyword(s):  
Production Capacity ◽  
Research Area ◽  
Oil Price ◽  
Profit Function ◽  
Factors Affecting ◽  
Cooking Oil ◽  
Production Frequency ◽  
Unit Output ◽  
Home Industries ◽  
The Impact

The objectives are to know: (1) the impact of cooking oil price increasing to the feasibility of tempe chips home industry; (2) income decreasing of tempe chips home industry after cooking oil price increasing; (3)factors affecting the profit of tempe chips home industry; (4) strategy of the tempe chips home industry when the production cost increase as cooking oil price increase. The research area is Rawalo sub-district, Banyumas district. Data collected by census method of 49 tempe home industries. Analyses used are RIC ratio, 1C/Cratio, BEP production, BEP revenue, BEP price, and Unit-Output-Price Cobb-Douglas Profit Function. The results show that: (1) tempe chips home industries have to be maintained although cooking oil price increasing has increased the product's price also; (2) after cooking oil price increasing period, tempe chips home industry has decreasing income; (3) UOP Cobb-Douglas Profit Function shows that cooking oil price, soybean price, cassava powder price, production capacity, dummy variable of before and after increasing cooking oil price period affect the profit function of tempe chips home industry; (4) strategy have been practiced by tempe chips home industries tempe chips product's size, decrease the tempe chips per pack capacity, decrease the production capacity, decrease the production frequency, and add cassava in the processing of tempe making.

scholarly journals Investment marketing strategy for diversified enterprises

2019 ◽  
pp. 146-152
Author(s):  
Oleksandr Kalinin
Keyword(s):  
Business Models ◽  
Growth Strategy ◽  
Entrepreneurial Activity ◽  
Global Trends ◽  
Scientific Methods ◽  
Goods And Services ◽  
Analysis And Synthesis ◽  
General Scientific ◽  
And Control ◽  
The Impact

Introduction The amount of capital that individual, corporate and institutional investors are willing to invest in certain assets is increasing every year. This leads to a revitalization of entrepreneurial activity and growth of the economy as a whole. It is also very active in creating certain disparities in the distribution of investment flows at the cross-sectoral level. There are industries that perceive investors more positively, and other industries perceive less positively. Among these industries, and even more types of businesses, are diversified companies or conglomerates that are perceived by investors as a chaotic set of assets that management is unable to manage effectively. Purpose The purpose of this article is to study the global trends in managing strategies for competitive advantage in the capital market by diversified enterprises. The purpose of the article is to study the theoretical aspects of management and planning the choice of growth strategy for diversified enterprises; to analyze the systems of strategic management of investment marketing for diversified companies; develop solutions to improve the marketing management system for various companies in the context of attracting investment. Method (methodology) In the course of the research, the following general scientific methods are used: analysis and synthesis, grouping and systematization of revealing the essence of investment marketing, its structure, principles of its formation, development of the concept of diagnostics of efficiency of investor attraction systems and control of this process; induction and deduction - to summarize the theoretical aspects of the peculiarities of the formation of the structure of investment marketing; statistical and economic - to evaluate the investment attractiveness of a diversified enterprise. Results It was suggested to the conglomerate companies to distance their company brand from its subsidiaries as much as possible so that there was no problem in identifying the main focus of the conglomerate's business activity. For the analysis of companies that should be considered for placement of their own and borrowed funds by conglomerates and to demonstrate this investment policy, investors can distinguish the following areas of analysis of potential companies: whether the leadership of a company in a particular segment can lead to the possibility of controlling the pricing of goods or / or company services; whether it is possible to create a competitive business through the attraction of additional investment opportunities. Thus, solving the problem of finances, and more precisely the ability to run a business for a certain time, can bring to positive indicators of profit and return on invested capital; the impact on the aggregate industry reserve of profits, which makes it possible to receive more profit from the industry of related fields from consumers than competitors can, thus ensuring long-term competitiveness. Also regarding the display of client base of goods and services that we can distinguish for investors is: demonstrating the presence of privileged clients; the existence of diversified profit strategies; availability of special copy - protected goods and business models; the presence of unique and difficult to copy distribution and communication channels; the presence of barriers to competitors (patents. Brand, licensing, large investments in market entry, etc.).

scholarly journals THE IMPACT OF EUROPEAN INTEGRATION ON FOREIGN ECONOMIC ACTIVITY AND PROFITABILITY OF UKRAINIAN ENTERPRISES

2020 ◽  
Author(s):  
Svitlana Hanzyuk ◽  
◽  
Tetiana Yakubovych ◽  
Keyword(s):  
European Integration ◽  
Capital Investment ◽  
New Technologies ◽  
Production Capacity ◽  
The State ◽  
European Market ◽  
Activity Promotion ◽  
World Markets ◽  
Technological Level ◽  
The Impact

The article is devoted to the study of Ukraine’s European integration course, a complex and multilevel process. It is established that the vector of European integration provides Ukraine with ample opportunities to attract foreign investment and new technologies, increase the technological level of production and increase the competitiveness of domestic producers in the domestic market, the EU market and world markets. It is established that most domestic enterprises are acutely short of qualified labor resources, innovation is absent or at a low level and is financed only by own funds of enterprises, there is no possibility to attract available financial resources, and all this complicates modernization of production facilities and bringing Ukrainian producers to compliance with European market standards. The article analyzes the change in the volume of export-import operations, profitability, and development of capital investments and innovation of domestic enterprises. It was found that the dynamics and volume of capital investment have positive trends, but a comparative analysis of the dynamics of growth of profitability and capitalization of production capacity found that in the latter Ukrainian enterprises are highly dependent on borrowed capital, due to significant limitations of their own reserves. In the current conditions of economic European integration, Ukrainian enterprises face a number of barriers that prevent them from fully entering and operating effectively in the European market. At the state level, it is political and economic instability, imperfection of the legislative field, high cost of credit resources, which leads to low innovation potential, shortage of qualified personnel and funds for modernization of existing assets and technological renewal. The strategic task of Ukraine should be the state policy aimed at supporting domestic enterprises and increasing their competitiveness in the form of comprehensive measures aimed at providing available credit resources for domestic producers, development of their innovative activity, promotion of the transfer of new technologies, which in turn will be to promote the technological level of Ukrainian enterprises and increase the level of competitiveness of goods and world markets.

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