scholarly journals Evaluation of Oil and Gas Economy using Economics Profit Indicators and Prototype Macro VBA Excel

2021 ◽  
Vol 1 (1) ◽  
pp. 549-558
Author(s):  
Juwairiah Juwairiah ◽  
Didik Indarwanta ◽  
Frans Richard Kodong
Keyword(s):  
Economic Analysis ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Development Project ◽  
Economic Indicators ◽  
Gas Field ◽  
Gas Industry ◽  
Field Development ◽  
Oil And Gas Field ◽  
Oil And Gas Sector

The oil and gas sector is an important factor in sustainable development, so it is considered necessary to make serious changes in conducting economic analysis on the oil and gas business. Oil and gas industry activities consist of upstream activities, and downstream activities. Activities in these upstream and downstream operations have high risk, high costs and high technology, so the company continuously tries to reduce the importance of the adverse impact of these risks on the work environment and people. Thus, evaluating the factors that affect sustainable production in this sector becomes a necessity. In this research will be evaluated the economy of the oil and gas field using methods of economic indicators, among others; NPV, POT, ROR, where these factors are estimated in order to be able to estimate the prospects of the oil and gas field so that the decision that the field development project can be implemented or cannot be taken immediately. Implementation of oil and gas field economic evaluation in this study using Macro VBA Excel. From several methods of economic analysis obtained that the results of this study show high precision compared to other methods, in addition to the way of evaluation using the above economic indicators is very popular.

Financing Requirements for the Oil and Gas Industry - North America

1988 ◽  
Vol 6 (4-5) ◽  
pp. 317-322
Author(s):  
A.F. Grove
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Field ◽  
Gas Industry ◽  
Field Development ◽  
Energy Company ◽  
Corporate Credit ◽  
Oil And Gas Field ◽  
Good Energy ◽  
Business Acumen

The characteristics of good energy company borrowers are strong management, integrity, diversification, flexibility, a sound financial basis and business acumen. Acceptable reasons for borrowing include requirements for working capital, plant expansion, modernisation, oil and gas field development and the manufacturing of oil tools and related products. Security for loans is based on the company's reserves, the duration of the debt and priority over other indebtedness. Most loans are evaluated on the grounds of general corporate credit, that is, the overall credit standing of the borrower.

Critical areas of knowledge loss when employees leave in the oil and gas industry

2018 ◽  
Vol 22 (7) ◽  
pp. 1573-1590 ◽  
Author(s):  
Muhammad Saleem Sumbal ◽  
Eric Tsui ◽  
Ricky Cheong ◽  
Eric W.K. See-to
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Field ◽  
Gas Industry ◽  
Knowledge Loss ◽  
Content Type ◽  
Types Of Knowledge ◽  
Critical Areas ◽  
Oil And Gas Sector ◽  
Geographical Locations

Purpose The purpose of this paper is to investigate the critical types of knowledge lost when employees depart companies in the oil and gas field. Design/methodology/approach The study adopts a grounded theory methodology. Twelve semi-structured interviews were conducted with elite informants in the oil and gas sector to gain an in-depth insight into the research problem. ATLAS.ti was used for data analysis and coding. Findings In the oil and gas industry, employees generally have job rotation and work at various geographical locations during their career. The departing employees possess valuable types of knowledge depending on the role and duties they have performed over the years. These include specialized technical knowledge, contextual knowledge of working at different geographical locations, knowledge of train wrecks and history of company, knowledge of relationships and networks, knowledge of business processes and knowledge of management. Research limitations/implications The study findings might only be applicable to the oil and gas sector. Originality/value This paper fulfills an identified gap on the identification of critical areas of knowledge loss when employees depart from oil and gas companies. The study adds to the existing body of literature on this underexplored area in the knowledge management literature.

The Viability of Composite Membrane in Treating Produced Water from Oil and Gas Field in Malaysia

2014 ◽  
Vol 598 ◽  
pp. 33-37
Author(s):  
Munawar Zaman Shahruddin ◽  
Azizal Adnan ◽  
Tengku Amran Tengku Mohd ◽  
Nur Hashimah Alias ◽  
Nurul Aimi Ghazali
Keyword(s):  
Composite Membrane ◽  
Oil And Gas ◽  
Produced Water ◽  
Oil And Gas Industry ◽  
Vinyl Pyrrolidone ◽  
Gas Field ◽  
Gas Industry ◽  
Membrane Performance ◽  
Oil And Gas Field ◽  
Poly Vinyl Pyrrolidone

As the oil and gas industry grows rapidly worldwide over the years, the production of produced water is also increasing. Million barrels of water are produced each day worldwide. This situation has become a major problem and a to the environment and ecosystem. Produced water contains many constituents such as dispersed oil, metals and chemicals that have a high toxicity and very harmful to the marine life. Therefore, it must be treated prior disposal to the environment or reinjection into the well and formation. There are many methods of treatments such as liquid-liquid hydrocyclone, floatation technology and membrane technology. Membrane technology is quite a new technology for the treatment of produced water in oil and gas industry. This paper is focused on the viability of using composite membranes which are Polysulfone (PSU), Polysulfone-bentonite (PSU-bentonite), PSU-PVP (Polysulfone-Poly vinyl pyrrolidone) and Polysulfone-Poly vinyl pyrrolidone-bentonite (PSU-PVP-bentonite) for the treatment of produced water. The objectives of this study are; 1) to characterize the produced water, 2) to prepare and cast the composite membrane and 3) to investigate the membrane performance in treating the produced water. The performance of the composite membrane were tested by using the produced water as wastewater feed and the best composite membrane is determined by the membrane performance. In the membrane preparation process, a method have been used namely phase inversion method. This research found that technically composite membrane have a good potential to be used in treating produced water from Malaysian oil and gas field. Thus, further technical and economic study on this treatment method is suggested for industrial scale application.

Research on the Assessment on the Risk System Regarding Offshore Oil and Gas Field Development Projects Based on the Grey System Theory

2015 ◽  
Vol 737 ◽  
pp. 843-845 ◽  
Author(s):  
Jia Ming Li
Keyword(s):  
Oil And Gas ◽  
Development Project ◽  
Grey System Theory ◽  
Development Projects ◽  
Grey System ◽  
Gas Field ◽  
Field Development ◽  
Oil And Gas Field ◽  
Offshore Oil And Gas ◽  
Offshore Oil

the risk assessment for development project is simply and highly efficient, requires less data, and can clearly uncover the problems. It is plausible to evaluate a plenty of development projects through computers

scholarly journals Basic Refinery Training Courseware in Enhancing Technical Employees’ Visualization Skills

2021 ◽  
Vol 15 (23) ◽  
pp. 45-56
Author(s):  
Norarbaiyah Yaacob ◽  
Dayana Farzeeha Ali ◽  
Abdul Halim Abdullah ◽  
Norasykin Mohd Zaid ◽  
Mahani Mokhtar ◽  
...  
Keyword(s):  
Augmented Reality ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Oil Refinery ◽  
Training Methods ◽  
Training Experience ◽  
Gas Field ◽  
Gas Industry ◽  
Oil And Gas Field ◽  
And Performance

Various research has been conducted to enhance the employees’ visualization skills in different areas and the importance and the role of visualization skills towards the employee’s achievement, especially in the industry such as manufacturing, medical, oil and gas field, and many more. To improve visualization skills, the use of effective training methods and tools should be applied to facilitate and enhance the understanding and performance in general, in a way to help them solve problems at the workplace. Thus, the aim of this paper focuses to the attention on the practical use of augmented reality (AR) with the ability of digital mobile application in the crude oil refinery process within the oil and gas industry environment, describing the potential and the effectiveness of the technology to enhance the visualization skill among the technical employees. This study used Basic refinery courseware that can be accessed via digital network to give an interactive training experience that can enhance technical employees' visualization skills. This courseware shows the positive effect and impact on technical employees’ visualization skills and performance based on the results. The results have also shown an increased motivation, making them more cooperative and developing visualization skills more quickly. Considering these results, it can be concluded that Basic Refinery training courseware based on augmented reality application is an effective and beneficial tool to be applied in training programs among the workplace's technical employees.

scholarly journals Monitoring of public health in the Kashagan oil and gas field

2019 ◽  
Vol 95 (8) ◽  
pp. 729-733
Author(s):  
Usen I. Kenessariev ◽  
U. Z. Zinulin ◽  
A. E. Yerzhanova ◽  
M. K. Amrin ◽  
Zh. A. Aybasova
Keyword(s):  
Public Health ◽  
Oil And Gas ◽  
Subcutaneous Tissue ◽  
Oil And Gas Industry ◽  
Oil Refining ◽  
Gas Field ◽  
Gas Industry ◽  
Oil And Gas Field ◽  
Complex Preparation ◽  
The Republic

According to explored hydrocarbon reserves the Republic of Kazakhstan (RK) is among ten top countries rich in oil deposits. In connection with the intensive development of oil and gas industry environmental protection and public health issues became subject of a great interest from both scientists ’ and health practitioners ’ side. Results of the study included in this article are devoted to the study of health of the population, living near the “Bolashak” installation of complex preparation of oil and gas. There is a preliminary oil refining process coming from the Kashagan field and its further export. Analysis proved air pollution to be the one of the major risk factors for the health of the residing people. In the area there are problems of fresh water supply and frequent accidents at sewage plants. Landfills for municipal solid waste does not meet sanitary standards. The health care system of Makat district is characterized by uncompleted personnel and lack of beds. Indices of the mortality rate over the study period declined by 28.8%. As a result, population growth over the study the period was characterized by a tendency to increase. In 2013 population sought medical advice due to respiratory diseases, injuries and poisoning, diseases of blood and hemopoietic organs, diseases of the skin and subcutaneous tissue and nervous system

scholarly journals Competitive personalities of students - future engineers of the oil and gas industry

2021 ◽  
Vol 14 (33) ◽  
pp. e16281
Author(s):  
Natalia V. Kamenez ◽  
Ekaterina A. Semenova
Keyword(s):  
Professional Training ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Highly Qualified ◽  
Gas Field ◽  
Gas Industry ◽  
University Teachers ◽  
Teachers And Students ◽  
Oil And Gas Field ◽  
Emerging Issues

The goal of students' professional training in the oil and gas field is to form a competitive, highly qualified graduate. This article describes the criteria and requirements necessary for the formation of a competitive specialist in the oil and gas industry, namely, a future engineer, and emerging issues and problems faced by both university teachers and students. This work was carried out based on the analysis of scientific literature, which described the research of scientists on the competitiveness of graduates of technical universities in current conditions, as well as on the analysis of the results of the implementation of pedagogical conditions for the development of the qualities of a competitive personality of students. The implementation of the conditions proposed within the framework of this work contributes to the training of a highly qualified specialist who is ready to "survive" in modern conditions of competition.

3D Seismic Data Design, Acquisition and Interpretation of Kolmani Exploratory Field, Upper Benue Trough, Gongola Basin; Nigeria

2021 ◽  
Author(s):  
Usman Abdulkadir ◽  
Jamaluddeen Hashim ◽  
Ajay Kumar ◽  
Umar Yau ◽  
Akpam Simon ◽  
...  
Keyword(s):  
Seismic Data ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Data Sets ◽  
Gas Field ◽  
Gas Industry ◽  
Subsequent Formation ◽  
Benue Trough ◽  
Field Development ◽  
Improve Design

Abstract In an Oil and Gas field development plan, identifying appropriate reservoir location of a field and deciding the best design strategy as well as meeting the economic hydrocarbon viability are imperative for sustainability. 3-Dimensional seismic data have become a key tool used by geophysicists in the Oil and Gas industry to identify and understand subsurface reservoir deposits. In addition to providing excellent structural images, the dense sampling of a 3D survey can sometimes make it possible to map reservoir quality and the distribution of Oil and Gas. Primarily, Seismic data sets were retrieved from the ongoing Kolmani exploratory work of upper Benue trough, bordering Gombe-Bauchi communities of Nigeria and Simulation study from improve design was conducted using PETREL and SURFER software's to obtain numerous coordinates from the source and receiver lines respectively and subsequent formation of strategic-designs that shows different arrangements of the prospect area, an interpretation of the acquired data sets that indicates the reservoir location appropriately and probable onset of drilling spot. The well to seismic was also merged using synthetic seismogram that shows the location of reservoir (s) from the seismic data obtained and four different wells with anticipated depths respectively. The overall aim of the whole design and simulation studies is to aid petroleum Geologist and Geophysicists avoids common pit falls by reducing dry holes and increasing the overall number of productive wells prior to actual commencement of drilling in this prospect area and elsewhere.

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