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Apache deploys data aggregation technology to enable data-driven decisions, reduces drilling costs

Apache Corp has installed data aggregation boxes that integrate with the rig’s daily reporting tool to run physics-based models, ultimately enabling better data-driven decisions, Michael Behounek, Senior Drilling Advisor, said on 18 May at the IADC Drilling Onshore Conference. The boxes have been installed on 21 rigs.

Big data holds significant promise for the oil and gas industry in terms of enabling better decision making, thus lowering costs. However, operators and contractors must take steps to make data more actionable and to overcome challenges relating to data quality and transformation, Michael Behounek, Senior Drilling Adviser at Apache Corp, said during a panel session at the 2017 IADC Drilling Onshore Conference in Houston on 18 May. Apache recently installed data aggregation boxes at 21 onshore rig sites in North America. The boxes are integrated with the daily drilling reporting system and run physics-based models at the rig site. “The purpose was not to have another data aggregation system on site,” he said. “The goal was that we wanted ...

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NOV, Saudi Aramco announce joint venture in Saudi Arabia

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National Oilwell Varco (NOV) announced entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the joint venture will manufacture high-specification land rigs, rig and drilling equipment, and offer certain aftermarket services...

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Interior Department advances America-First Offshore Energy Strategy

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In accordance with Secretarial Order 3350, which implements President Trump’s America-First Offshore Energy Strategy, the Department of the Interior today announced it will move forward to resume its evaluation of applications from six companies seeking permits to conduct geological and geophysical (G&G) activities in the Atlantic Ocean in order to resume their evaluation, upon the grant of the remand by the Interior Board of Land Appeals (IBLA)...

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