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Predictive maintenance could improve drilling equipment reliability

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Predictive maintenance has the potential to help drilling contractors better understand when equipment needs critical maintenance in order to prevent unexpected failure. Avoiding unexpected equipment failure is critical to reducing safety incidents as well as non-productive time. Watch the video with SparkCognition VP Solutions Philippe Erve from 16 November to learn about new technologies such as cognitive analytics and machine learning that can help the drilling industry implement predictive maintenance. Mr Erve also gave a presentation on predictive maintenance at the IADC Advanced Rig Technology Subcommittee’s Future Technology Spark Tank Meeting held on 27 October in Houston. Before specializing in predictive analytics, he spent 30 years working for oilfield service companies.

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Political instability keeps Latin America a challenging region for oil and gas industry

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Many countries in Latin America continue to struggle with political and social instability, resulting in uncertain rules and regulations for the oil and gas industry. In Venezuela, for example, the country’s goal of reaching 5.2 million bbl/day of production by 2012 has fallen significantly short, and it’s now producing only 2.1-2.2 million bbl/day. However, if the country installs a new government with policies designed to capitalize on the country’s vast hydrocarbon resources, that 5.2 million bbl/day production goal could be achievable within five years, according to Jorge R. Piñon, Director of the Latin America and Caribbean Energy Program and Interim Director for the Jackson School of Geosciences at The University of Texas at Austin. Watch DC’s video from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 3 November for more details.

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Tudor Pickering Holt: Oil prices could reach $70/bbl in 2017

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Byron Pope, Managing Director, Oil Service Research at Tudor Pickering Holt, is forecasting that oil prices could get up to $70/bbl next year. He attributed this to growing global energy demand and shortened supply caused by canceled upstream projects around the world. Mr Pope also expects upstream CAPEX to grow in the coming year and for the US land rig count to continue increasing. However, it may take several more years for the offshore rig market to recover, he said. Watch the video with DC’s Alex Endress from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 4 November for more information.

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Operators Group for Data Quality working on common data specifications

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Poor quality of real-time data at the rig site remains one of the drilling industry’s most critical challenges. It can, for example, impair the ability to measure, analyze and improve processes. The Operators Group for Data Quality has set out to improve the industry’s data quality by defining standards for the process capability requirements for...

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PSA updating barrier management guidelines to incorporate operational, organizational barriers

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Norway’s Petroleum Safety Authority (PSA) is updating its barrier management guidelines to include organizational and operational barriers, in additional to technical barriers. After PSA conducted studies and participated in a multinational audit on barrier management, the regulator concluded there is a need for a more systematic approach to barrier management. Such an approach is needed...

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Proactively using annular friction can enable safer, more efficient well control

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Historically, the effects of annular friction have largely been ignored in conventional well control operations, Paul Sonnemann, Vice President of Technology for SafeKick, said at the 2016 IADC Well Control Europe Conference in Copenhagen. However, new technologies, including real-time hydraulic flow models, make it possible to make use of annular friction to make well control operations more safe and efficient. In this video from the conference on 19 October, Mr Sonnemann explains why friction has largely been ignored to date and how annular friction can be utilized with conventional well control equipment to circulate out a kick. He also discusses the newly formed IADC Well Control Practices Subcommittee.

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Norwegian Oil and Gas Association focuses on sharing experiences, maintaining regulator relationships

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Norwegian oil and gas regulations require the industry to continuously improve, and the best way to accomplish this is through sharing and collaboration, said Sam Samuelsen, Drilling Manager for Norwegian oil and company Lotos Norway. Mr Samuelsen also serves as Chairman of the Norwegian Oil and Gas Association’s Drilling Managers Forum (DMF). In his keynote presentation at the 2016 IADC Well Control Europe Conference in Copenhagen, Mr Samuelsen outlined steps the DMF has taken to share knowledge and develop a common language around well control events. Watch DC’s video from the conference on 20 October as Mr Samuelsen describes the DMF’s Sharing to be Better initiative, as well as its work with Norwegian regulators.

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Bankruptcy filings make it a challenge, but not impossible, for companies to get paid

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Oil and gas companies are doing their best to weather the downturn, but the unfortunate reality is that not every company will survive. Contractors and other oilfield companies providing services or equipment to operators that are filing for bankruptcy or restructuring may find themselves uncertain how to proceed. In this video from the 2016 IADC Contracts and Risk Management Conference in Houston on 11 October, Phil Eisenberg, Partner at Locke Lord, explains how companies can protect themselves and receive payment if a customer files for bankruptcy. He also outlines considerations companies should keep in mind when working with a customer going through bankruptcy proceedings.

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Flin: Understanding drillers’ situation awareness critical to safety, efficiency

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In order to complete drilling operations safely, drillers need to be able to constantly anticipate potential problems and the meaning of diagnostic signals from the well. Drillers must also have a high-level understanding of the well state at any point during the drilling process. These factors are considered drillers’ situation awareness. Dr Rhona Flin, Professor of Industrial Psychology at Robert Gordon University, facilitated a study with PhD candidates to create a model for drillers’ situation awareness. The model aims to help the industry improve situation awareness and decision-making. Watch DC’s video with Dr Flin from the 2016 IADC Human Factors Conference in Galveston, Texas, on 5 October to learn more.

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