A Success Story in Managing and Optimising Gas Lift Wells in Matured Oil Field: Automated Workflows in Digital Fields as Enablers to Accelerate Opportunities Creation and Production Optimisation

Field S located in offshore Malaysia had been producing for more than 30 years with nearly 90% of current active strings dependent on gas lift assistance. Subsurface challenges encountered in this matured field such as management of increasing water-cut, sand production, and depleting reservoir pressure are one of key factors that drive the asset team to continuously monitor the performance of gaslifted wells to ensure better control of production thereby meeting target deliverability of the field. Hence, Gas Lift Optimization (GLOP) campaign was embarked in Field S to accelerate short term production with integration of Gas Lift Management Modules in Integrated Operations (IO). A workflow was created to navigate asset team in this campaign from performing gaslift health check, diagnostic and troubleshooting to data and model validation until execution prior to identification of GLOP candidates with facilitation from digital workflows. Digital Fields and Integrated Operations (IO) developed in Field S provided an efficient collaborative working environment to monitor field performance real time and optimize production continuously. Digital Fields comprises of multiple engineering workflows developed and operationalized to act as enablers for the asset team to quickly identify the low-hanging fruit opportunities. This paper will focus on entire cycle process of digital workflows with engineer's intervention in data hygiene and model validation, the challenges to implement GLOP, and results from the campaign in Field S.

HEDGEMONY: A Wargame to Evaluate Senior Joint Professional Military Education Learning Objectives

The Officer Professional Military Education Policy directs Joint professional military education institutions to develop officers who demonstrate critical and creative thinking skills. The chairman of the Joint Chiefs of Staff ’s intent is to develop strategically minded officers who will “creatively apply military power to inform national strategy, conduct globally integrated operations, and fight under conditions of disruptive change.”1 The wargame Hedgemony is unlike most other wargames. Its focus is on teaching defense professionals how strategies are a complex interaction between force development, force posture, and force employment. Hedgemony also provides a way in which the Marine Corps War College measures its program outcomes.

Part II Economic Regulation, 7 Taxation

This chapter assesses how the integrated operations of multinational enterprises (MNEs) offer opportunities for tax avoidance not open to domestic firms, and how national tax authorities control this. The international character of the income-generating activities of MNEs, the national reach of individual tax administrations, increased international competition over attracting inward FDI and the need to obtain sufficient revenue from MNEs, many of which now operate as digital platforms without any physical nexus with the taxing jurisdiction, has led to calls for the reform of the international tax system. The need for greater international coordination of tax policies is clear. For now, however, national tax authorities remain the main regulators, still applying systems of taxation designed to deal with the international economy of the past, based on the arms-length principle and on the legal separation of companies in the MNE group. However, as the reality of national tax base erosion (base erosion and profit shifting, BEPS) becomes increasingly stark, alternative approaches are becoming politically acceptable, and both states and international organizations are beginning to grapple with the development of a new global model of international corporate taxation based on revised nexus and apportionment rules.