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Real-time optimization partnership yields faster connection times, higher ROPs

Data collected during the drilling process can, if properly analyzed, shed light on trends and opportunities to optimize operations. National Oilwell Varco (NOV) developed INFORM, an offering under its eVolve Optimization Service, to leverage this data and provide optimization support and advice to operators. Recently, NOV partnered with a US operator to provide real-time remote optimization services. In this video from 6 March at the 2018 IADC/SPE Drilling Conference in Fort Worth, Texas, Ricardo Borjas, Director-Drilling Optimization Services for NOV, explains some of the challenges operators face when setting up real-time optimization centers – including a high initial investment – and how NOV was able to tackle these challenges. He also discusses some of the results the partnership was able to achieve, including improved connection times and higher rates of penetration...

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Liam Mallon, ExxonMobil: Lower-for-longer environment has transformed industry’s mindset on innovation, collaboration

The lower-for-longer price environment has forced oil and gas companies to change their mindsets, resulting in innovation, collaboration and standardization that have cut cycle times in half. The result is that new frontier projects, like ExxonMobil’s Liza development offshore Guyana, have become economic once again. While no one knows when, if ever, oil prices will return to pre-downturn levels, what’s certain is that the industry cannot afford to revert to old ways of doing business even if prices do improve in the future, Liam Mallon, President of ExxonMobil Development Co, said in a keynote session on 6 March at the 2018 IADC/SPE Drilling Conference in Fort Worth, Texas...

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BSEE-sponsored report on subsea bolting technology released

In an effort to address a recurring problem with faulty connectors in critical safety equipment, the Bureau of Safety and Environmental Enforcement (BSEE) commissioned a National Academy of Engineering study on the matter in September 2016. After 18 months of study, the report entitled “High-Performance Bolting Technology for Offshore Oil and Natural Gas Operations” was published Friday...

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BP selects McDermott, BHGE for subsea contracts for West African Tortue/Ahmeyim development

McDermott and Baker Hughes, a GE company, announced the selection of front-end engineering design (FEED) studies in advance of a substantial engineering, procurement, construction and installation (EPCI) contract for BP’s Tortue/Ahmeyim field development, a major gas project located on the maritime border of Mauritania and Senegal...

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