Step Change Transformation of Legacy Rigs to Autonomous Drilling Rigs

2021 ◽  
Author(s):  
Sergey Ziatdinov ◽  
Titto Thomas Philip
Keyword(s):  
Capital Investment ◽  
Business Performance ◽  
High Performance ◽  
Human Error ◽  
Oil And Gas ◽  
Business Environment ◽  
The Past ◽  
Automation Systems ◽  
Negative Effect ◽  
Drilling Rigs

Abstract During the past decade, drilling automation systems have been an attractive target for a lot of operating and drilling companies. Despite progress in automation in various industries, like mining and downstream, the drilling industry has lagged far behind in the real application of autonomous technologies implementation. This can be attributed to harsh environment, high level of uncertainty in input data, and that majority of stock is legacy drilling rigs, resulting in capital intensive implementations. In the past years there have been several attempts to create fully automated rigs, that includes surface automation and drilling automation. Such solutions are very attractive, because they allow people to move out of hazardous zones and, at the same time, improve performance. However, the main deficiency of such an approach is the very high capital investment required for development of highly bespoke rigs (Slagmulder 2016). And in the current business environment, with high volatility in oil and gas prices, plus the huge negative effect of the Covid-19 crisis on the world's economic situation, it would be hard to imagine that there are a lot of companies willing to make such a risky investment. In addition to this, due to the lack of demand, the market is full of relatively new, high-performance rigs. Taking all these into account, the obvious question is whether it makes sense to invest money and time into the development of drilling automation. The answer should be yes, for three substantial reasons:Automation improves personal safety, by moving people out of danger zones;Automation improves process safety, by transferring execution from person to machine, which reduces the risk of human error;Automation improves efficiency by bringing consistency to drilling and through the use of self-learning algorithms, which allow machines to drill each successive well better than the previous. This paper will not look into surface automation, such as pipe-handling, chemical and mud handling on site. The paper is focused on the subsurface, namely on the drilling automation process, the challenges that need to be overcome to deploy a vendor agnostic system on a majority of existing rigs. A vendor agnostic system is a modification of an operator's autonomous drilling system (Rassenfoss 2011), designed to use existing rigs, BHAs, and have minimum footprint on the rigs for operational use. A vendor agnostic system will increase adoption of automated technologies and further drive improvements in operational and business performance

scholarly journals LOCAL TAXES IN THE FUNCTION OF LOCAL ECONOMIC DEVELOPMENT - MUNICIPALITY OF PRIZREN

2019 ◽  
Vol 31 (5) ◽  
pp. 1397-1401
Author(s):  
Qëndrim Susuri
Keyword(s):  
Economic Development ◽  
Local Government ◽  
Capital Investment ◽  
Local Economic Development ◽  
Tourism Development ◽  
Business Environment ◽  
Local Taxes ◽  
Negative Feature ◽  
Negative Effect ◽  
Business Tax

Taxes have a role in the implementation of economic and social objectives by local government to create a favorable business environment . The Municipality of Prizren has about 5,200 open businesses that carry out their activity within the territory of the municipality and with their taxes fill the budget budget of the municipality. Revenues that the municipality generates through businesses places them in function of local economic development indirectly by helping businesses to create an environment suitable for local businesses. One negative feature that has been noted during this research is that businesses registered in Prizren municipality are plagued by large businesses who are registered in other cities of Kosovo because they do not pay the business tax in the municipality of Prizren and this at the same time has a negative effect on local businesses as they are subject to tax on the firm while businesses registered from other cities do not pay this tax when the revenues from the firms' taxes in the municipality of Prizren are quite high. Municipality of Prizren is not helping businesses to develop the economy through tourism. During 2018 it has allocated subsidies to businesses that promote and influence tourism development only 5,000.00 Euros. While the expenditures allocated to the Capital Investment category in the Directorate of Tourism are realized only 13% of the allocated revenues.

PERFORMANCE FACTORS OF THE HOTEL ENTERPRISE

2003 ◽  
Vol 9 (2) ◽  
pp. 139-152
Author(s):  
Slobodan Ivanović
Keyword(s):  
Natural Selection ◽  
Business Performance ◽  
High Performance ◽  
Critical Success Factors ◽  
Success Factors ◽  
Driving Forces ◽  
Hotel Industry ◽  
Business Environment ◽  
Strategic Issues ◽  
Critical Success

There is no doubt that the business performance of the hotel enterprise depends upon the interrelationship of the hotel enterprise and the environment of the hotel industry in which the hotel operates. This environment provides the hotel enterprise with information crucial in guiding the hotel in its activities, thus helping to reduce the level of uncertainty and to improve the quality of strategic decisions. The specific or business environment shaped by the tourist market of the region will also impact on the performance of the hotel enterprise. One very popular interpretation of the enterprise-environment relationship is based on the model of natural selection, which has its roots in the biological theories o f the population evolution. This model focuses on a kind of natural selection according to Darwin’s theory of evolutionary adaptations. By accepting this theory, the hotel industry in our case would encourage only the survival of those hotel enterprises that are capable of adequately adjusting to changes. It should be pointed out that it would be extremely difficult to prepare a complete analogy of all the occurrences in the hotel industry with the theory of evolutionary adaptation. The hotel industry determines the critical success factors, which the hotel enterprise needs to embrace and apply in order to achieve high performance. Innovative hotel enterprises set about systematically combining their assets and their skills, which provides them with the individual competence needed to create and maintain a fairly long-term competitive advantage within their business environment and on the tourist markets. As a rule, it is the innovative hotel enterprise that creates the critical success factors which will become the standards of sound hotel business for all hotel enterprises of the region or country. By identifying the driving forces, it is possible to define the true top-priority strategic issues that need to be solved. These strategic issues can refer to maintaining or improving current strategic positions within the hotel industry or they can deal with selecting new areas of business i.e. new domestic or foreign tourist markets.

Company Cost Accuracy Benchmark toward Industry Practice and International Guidelines at Project Phases Gate

2021 ◽  
Author(s):  
E. Indrawan
Keyword(s):  
Business Performance ◽  
Oil And Gas ◽  
Research Result ◽  
Business Environment ◽  
International Guideline ◽  
Project Control ◽  
Project Analysis ◽  
Industry Practice ◽  
Project Phases ◽  
Relationship Of

Research in the last decade is confirming that Oil & Gas Company consistently executes the project with an optimist cost estimate and an aggressive schedule. Cost accuracy of an Oil and Gas Company is benchmarked toward Industry Practices of Independent Project Analysis (IPA) research result and International Guideline of Association for the Advancement of Cost Engineering (AACE) & Guild of Project Control (GPC). Relationship of cost accuracy versus project definition deliverables, spent in % of Facility Installed Cost and End Usage are graph presented and assessed. Company authorizes the project with minimum project definition deliverables within International Guideline with an average of 30% less cost than Industry Practices. Company cost accuracy is on average 30% wider than Industry Practice and within International Guideline. Company cost accuracy remains strongly supports Company business performance in current oil & gas business environment.

scholarly journals Enhancement of Permit-to-Work System Toward Safety Risk Assessment Supporting by GPS, Face Recognition and IoT: Research on Company XYZ

2020 ◽  
Vol 9 (4) ◽  
pp. 297-303
Keyword(s):  
Risk Assessment ◽  
Face Recognition ◽  
Business Performance ◽  
Human Error ◽  
Best Practice ◽  
Oil And Gas ◽  
Assessment Model ◽  
Assessment Process ◽  
Potential Hazard ◽  
Work System

An increase in the number accident related to the permit to work (PTW) has overwhelming, as in the past, the explosion and fire accident which occurred in the Piper Alpha offshore oil and gas platform in 1988, have killed 167 workers, and also the lack of an issued permit for the actual job, was one of the reasons for the Hickson and Welch accident in 1992 was attributed mainly to human error including deficiencies in the permit to work (PTW) system. Moreover, at company XYZ (2015) because of PTW risk assessment is not adequately conducted onsite, and the technician neglect the potential hazard associated with his work, his experience a lost-time injury (LTI). Therefore, an enhancement of PTW by using GPS, Bio Metric (Face recognition) and IoT to make sure the worker doing PTW properly and make the risk assessment (process with Natural language) onsite before commencing the non-routine job is the essential safety requirement. This research is aim to enhance the existing conventional permit to work system (PTW) into ePTW, (Electronic Permit to Work) information system focus on creating Risk Assessment support by implementing a mobile cloud computing using GPS and Face recognition to verify that the workers are on-premises to do proper PTW and smart lock (IoT) to ensure the isolation done properly, all these features is to help reduce the probability of human errors or non-conformance. PTW enhancement evaluation is using Analytic Maturity Assessment Model to analyze whether the established system in the company or organization is mature enough and valuable of the safety processes and gives positive impacts to the company its overall business performance through safety best practice.

THE URBAN MIGRANT FUTURE DESIRE: A STUDY OF REVERSE MIGRATION IN MALAYSIA

2017 ◽  
Vol 3 (2) ◽  
pp. 177
Author(s):  
Nur Huzeima Mohd Hussain ◽  
Hugh Byrd ◽  
Nur Azfahani Ahmad
Keyword(s):  
Oil And Gas ◽  
Industrial Society ◽  
Peak Oil ◽  
Population Mobility ◽  
Reverse Migration ◽  
The Past ◽  
Urban Migrants ◽  
Urban Migrant ◽  
Oil Crisis

Globalisation combined with resources of oil and gas has led to an industrial society in Malaysia.  For the past 30 years, rapid urban growth has shifted from 73% rural to 73% urban population. However, the peak oil crisis and economic issues are threatening the growth of urbanisation and influencing the trends of population mobility. This paper documents the beginnings of a reverse migration (urban-to-rural) in Malaysia.  The method adopted case study that involves questionnaires with the urban migrants to establish the desires, definite intentions and reasons for future migration. Based on this data, it predicts a trend and rate of reverse migration in Malaysia. 

Technology transfer from British to Vietnamese industrial companies - venturing into a new business culture

2018 ◽  
Vol 34 (2) ◽  
Author(s):  
Ca Tran Ngoc
Keyword(s):  
Technology Transfer ◽  
Transfer Process ◽  
Oil And Gas ◽  
Service Industry ◽  
Oil And Gas Industry ◽  
Business Environment ◽  
Background Information ◽  
Business Culture ◽  
Industrial Companies ◽  
New Business

The paper examines the process of technology transfer from British industrial companies to Vietnamese companies, to look at the obstacles of this process, especially in dealing with different business culture environments. The study uses the case studies method, conducting interviews with about ten companies working in oil and gas service industry. Since this is only a first stage of the longer term project, only preliminary results were discussed. Therefore, a company in civil engineering consulting has been examined for comparison. The paper argues that the differences in perception of the same operation activity like service in oil and gas industry are crucial factors to take into account if the transfer process is to be successful. Also, the transferor and the recipient may have different behaviour in negotiating, in communicating with each other. Thus, the preparation of background information, to do "home work", patience and pro-active attitudes in trying to understand partners are important for transferring technology into different business environment.   In addition, the factors, sometime not very technology-related, such as internal political motives and organisational issues of the firms involved can be very influential in the success of technology transfer process.

Sign in / Sign up

Export Citation Format

Share Document