Field Engineers' Scheduling at Oil Rigs: a Case Study

Oil exploration and production operations face a number of challenges. Professional planners have to design solutions for various practical problems or issues. However, the time consumed is often very extensive because of the large number of possible solutions. Further, the matter of choosing the best solution remains. The present paper investigates a problem related to leading companies in the energy and chemical manufacturing sector of the oil and gas industry. Each company’s field engineers are expensive and valuable assets. Therefore, an optimized roster is rather important. In the present paper, the objective is to design a field engineers’ schedule which would be both feasible and satisfying towards the various demands of rigs, with minimum operational cost to the company. An efficient and quick optimization technique is presented to schedule the shifts of field engineers.

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Contractual agreements in Ghana's oil and gas industry: In whose interest?

Journal of Sustainable Development Law and Policy (The) ◽

10.4314/jsdlp.v8i2.9 ◽

1970 ◽

Vol 8 (2) ◽

pp. 186-208

Author(s):

Kow Kwegya Amissah Abraham

Keyword(s):

Oil And Gas ◽

Oil And Gas Industry ◽

Oil Exploration ◽

Gas Industry ◽

Exploration And Production ◽

Contractual Agreements ◽

Petroleum Sector ◽

Periodic Evaluation ◽

Institutional Capacity Building ◽

Contractual Agreement

This article examines the history, nature, scope and policy ramifications of the production sharing contract as the core contractual agreement guiding the Ghanaian petroleum sector. It discusses the policy linkages between this form of contractual agreement and the management of the country’s oil exploration activities from 2010 to 2014. The article assesses the extent to which Ghana, as a new oil exporting country, has sought to actualize its resource benefits through negotiated contracts and agreements as well as management policies. The article argues that better negotiated contractual agreements ensure maximum State benefits from oil exploration. Again, production monitoring, periodic evaluation and institutional capacity building are effective ways of securing greater profits from oil resources. Finally, better legal and policy frameworks will also guarantee prudent management of the oil revenues.Keywords: Contracts; policy-making; agreements; oil exploration and production; Ghana.

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Trends and Prospects of Development of the Oil and Gas Sector in the Context of Digitalization

Economics and Management ◽

10.35854/1998-1627-2020-1-35-45 ◽

2020 ◽

Vol 26 (1) ◽

pp. 35-45 ◽

Cited By ~ 1

Author(s):

A. G. Kazanin

Keyword(s):

Oil And Gas ◽

Digital Technologies ◽

Oil And Gas Industry ◽

Global Market ◽

The Arctic ◽

Business And Society ◽

Gas Industry ◽

Exploration And Production ◽

Oil And Gas Sector

The modern oil and gas industry is heavily dependent on the processes and trends driven by the accelerating digitalization of the economy. Thus, the digitalization of the oil and gas sector has become Russia’s top priority, which involves a technological and structural transformation of all production processes and stages.Aim. The presented study aims to identify the major trends and prospects of development of the Russian oil and gas sector in the context of its digitalization and formation of the digital economy.Tasks. The authors analyze the major trends in the development of the oil and gas industry at a global scale and in Russia with allowance for the prospects of accelerated exploration of the Arctic; determine the best practices of implementation of digital technologies by oil and gas companies as well as the prospects and obstacles for the subsequent transfer of digital technologies to the Russian oil and gas industry.Methods. This study uses general scientific methods, such as analysis, synthesis, and scientific generalization.Results. Arctic hydrocarbons will become increasingly important to Russia in the long term, and their exploration and production will require the implementation of innovative technologies. Priority directions for the development of many oil and gas producers will include active application of digital technologies as a whole (different types of robots that could replace people in performing complex procedures), processing and analysis of big data using artificial intelligence to optimize processes, particularly in the field of exploration and production, processing and transportation. Digitalization of the oil and gas sector is a powerful factor in the improvement of the efficiency of the Russian economy. However, Russian companies are notably lagging behind in this field of innovative development and there are problems and high risks that need to be overcome to realize its potential for business and society.Conclusions. Given the strategic importance of the oil and gas industry for Russia, its sustainable development and national security, it is recommendable to focus on the development and implementation of digital technologies. This is crucial for the digitalization of long-term projection and strategic planning, assessment of the role and place of Russia and its largest energy companies in the global market with allowance for a maximum number of different internal and external factors.

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Value Co-Creation Practices in the Decommissioning of Offshore Platforms: A Case Study Approach

Journal of Creating Value ◽

10.1177/23949643211032040 ◽

2021 ◽

pp. 239496432110320

Author(s):

Francesca Loia ◽

Vincenzo Basile ◽

Nancy Capobianco ◽

Roberto Vona

Keyword(s):

Oil And Gas ◽

Oil And Gas Industry ◽

Future Research ◽

Offshore Platforms ◽

Gas Industry ◽

Study Approach ◽

Collaborative Interactions ◽

Exploratory Approach ◽

Italian Context

Over the years, value co-creation practices have become increasingly more important by supporting collaborative interactions and the achievement of sustainable and mutual competitive advantage between the ecosystem’ actors. In this direction, the oil and gas industry is proposing a sustainable re-use of offshore platforms based on value co-creation and resources exchange between the actors involved. According to this consideration, this work aims at re-reading the decommissioning of offshore platforms in the light of value co-creation practices, trying to capture the factors that governments and companies can leverage to pursue a sustainable development of local communities. To reach this goal, this work follows an exploratory approach by using, in particular, the case study. Specifically, one of the most notably projects in the Italian context have been chosen, the Paguro platform, in order to provide empirical insights into the nature of these value co-creation processes. Five value co-creation practices have been identified which highlight the importance of synergistic efforts of institutions, companies and technology-based platforms for improving the ability to co-create and capture value in the process of decommissioning. This exploratory work establishes a foundation for future research, and offers theoretical and managerial guidance in this increasingly important area.

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