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2017

Drilling Ahead: In planning for the future, don’t overlook human capital

The drilling industry stands at a critical juncture. There is growing acceptance that the days of $100 oil are behind us for good, and companies must redefine how they manage their business within the new reality of $40-50 oil. At the same time, the digital evolution is finally picking up pace within the oil and gas space, as companies learn that they must leverage the power of automation and data analytics in order to stay competitive. Amid these changes, it is more important than ever that the industry also address issues around human capital...

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People, Companies & Products

Shell and Petrobras have signed a memorandum of understanding (MOU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Shell will benefit from technical solutions, contract management expertise and cost-efficiency initiatives that Petrobras applies to Brazil’s pre- and post-salt projects. Shell will share with Petrobras its global deepwater experience, especially on cost-efficiency efforts and use of technology. The MOU also involves sharing best practices and learnings on safety and governance management, technical and operational solutions, contract management, logistics, wells construction and air transportation safety. The MOU was signed by Shell CEO Ben van Beurden and Petrobras CEO Pedro Parente during a visit by Petrobras’ executives to Shell’s headquarters in The Hague, The Netherlands...

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Workforce outlook: Industry must consider new strategies to attract, retain next-generation employees

The oil and gas workforce has shrunken considerably as a result of the global downturn. An April 2017 Rystad Energy report found that the top 50 oilfield service companies, including drilling contractors, had eliminated 300,000 upstream jobs worldwide since 2014. This represented a devastating 35% of the total workforce at these 50 companies...

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Resilient Middle East holds its ground in face of low oil prices

The Middle East continues to defy the global oil downturn, with E&P activities sustaining at healthy levels compared with all other regions of the world. “The region has remained quite robust in terms of the drilling market. They are continuing to drill across the board,” said Jessica Brewer, Principal Analyst for Middle East Upstream Research at Wood Mackenzie. In Saudi Arabia and Kuwait, activities have even grown during the past few years. “They’re trying to take advantage of the lower cost base they’ve been able to get over the last few years,” she said...

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News Cuttings

The US Bureau of Transportation Statistics (BTS), which has been designated as the data repository for the US Bureau of Safety and Environmental Enforcement (BSEE), has published its first report on “Blowout Prevention System Events and Equipment Component Failures.” ...

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Failure analysis provides critical input for thorough root cause analysis

Root cause analysis is an important methodology in determining the cause of an incident, accident or problem. Several methodologies are available, including 5-whys, fish bone and Apollo, to perform root cause analyses for investigating and identifying problems and for developing appropriate preventive actions. Oilfield equipment is rigorously tested and validated. However, failures leading to an incident or accident still happen for various reasons, such as severe service, inadequate material selection, manufacturing discrepancies or quality control...

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Wirelines

On 13 October, the US House Subcommittee on Energy and Mineral Resources hosted a hearing to discuss the draft of the ONSHORE Act, which would enable states with established permitting and regulatory programs to seek responsibilities for oil and gas development on federal lands within their borders. IADC President Jason McFarland issued a public statement of support for the act: “Handing permit oversight over to the states helps to avoid costly duplicative regulation, allowing quicker access to the natural resources that power the US and mean so much to every person in the nation. Currently, the BLM processes these applications in 250-plus days. Conversely, states are able to issue permits within 30-45 days. These delays are costly and detrimental to an industry that contributes a significant amount of revenue and jobs to the US economy. IADC is supportive of the ultimate goal of this legislation to ensure efficient and timely approval of permits and continued US energy independence.”...

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HSE&T Corner: Supervisors should seek to understand internal, external factors that influence employee behaviors affecting safety

Performance management and feedback play a critical role in developing and instilling a safety culture within a company. Too often, however, when an incident occurs, supervisors and managers forget that behavior does not occur in a vacuum, Michael LeBlanc, Consultant Manager for Intertek, said on 17 October at the 2017 IADC Human Factors Conference in Galveston, Texas. “When we think of performance management, we have to take into account what goes into an employee’s decisions,” he said. Understanding both the internal and external factors that influence an employee’s thinking and decisions can help a supervisor learn to change how they think about and approach safety...

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LWD sonic sensor technology can complement wireline CBL evaluation to validate top of cement

Evaluation of cement placement is an important part of the majority of deepwater wells. Cement placement confirmation is a critical step following the cementing operation. More than one technique can be used to provide information about the top of cement (TOC) and the depth interval of a good bond between the formation and the casing. Determining the length of annular cement coverage, which is an indication of correct cement placement, is useful knowledge before drilling and/or completion operations can proceed...

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Drilling & Completion News

Transocean has announced its intent to retire six floaters – GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, Deepwater Pathfinder and Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. All six rigs were previously cold-stacked. The company will recognize an impairment charge of approximately $1.4 billion during Q3 2017 associated with these actions...

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