Home / 2017 / September/October (page 2)

September/October

Intelligent completion advances target improved reliability in HPHT conditions, simplified deployment

New technologies helping to provide real-time fluid characteristics, faster or remote actuations and optimized production over life of the well By Kelli Ainsworth, Associate Editor Higher-cost intelligent completion systems face obvious challenges in the current low oil price environment, with all sectors pushing for cost reductions. However, operators continue to show interest in these completion systems – and their remote monitoring and control capabilities – to avoid costly interventions later on and improve recovery over the life of the well and field. “Through the years we’ve had new operators coming to us with interest because they see the benefits and value,” Bruce Gavin, Senior Product Line Manager – Flow Control/Intelligent Completions for Halliburton, said. Particularly for complex deepwater wells, which ...

Read More »

Wirelines

On 18 July, Colombia’s Ministry of Mines and Energy published new technical regulations for drilling exploratory wells to determine the presence of oil and gas in shallow-, deep- and ultra-deep waters in Colombian territory. The new regulations require safety management systems in accordance with API RP 75; BOPs in accordance with API Standard 53; training in accordance with OPITO or IMO standards; weekly function testing of the BOP; and MODUs in compliance with the IMO MODU Code...

Read More »

Brazil’s ANP looks to modern regulatory framework, dialogue with industry to support ongoing transformation of E&P market

Transparency, regulatory stability and open engagement with stakeholders are among key priorities for the National Agency of Petroleum, Natural Gas and Biofuels (ANP), said Décio Oddone, ANP Director-General. Mr Oddone, who assumed his current role in January 2017, is leading the Brazilian regulatory agency in aggressive efforts to modernize the country’s E&P framework and to attract more foreign investments. “We are living through a moment of change in Brazil,” Mr Oddone told DC. In particular, he said, the country’s oil and gas sector “is undergoing its largest transformation in decades.”...

Read More »

In Brazil, it’s two steps forward, one step back

Even as progress is made in opening the presalt and reducing local content requirements, new corruption charges embroil the president, threatening to slow ongoing reforms related to taxes, environmental licensing By Linda Hsieh, Managing Editor The near-term outlook for the Brazilian drilling market is bleak. As of August, there were only 29 offshore drilling rigs contracted to Petrobras – currently still the only operator with active offshore rigs in the country. That number compares with 36 offshore rigs last year, 52 in 2015 and 67 in 2014, said Liz Tysall, Senior Offshore Rig Analyst for consulting firm Rystad Energy. The near-term outlook for the Brazilian drilling market is bleak. As of August, there were only 29 offshore drilling rigs contracted ...

Read More »

Structured method to collecting equipment data drives consistency in failure reporting, robust analyses

Equipment data is instrumental to understanding equipment reliability and performance, which necessitates developing robust solutions through root cause analyses (RCA) and effective corrective actions. The direct results are operation optimization and equipment reliability improvement. Drilling equipment reliability is the ability of the drilling equipment to perform its function within specified design parameters. By definition, equipment reliability directly affects operational efficiency and effectiveness, which affects the overall cost of ownership of a piece of equipment and the cost of drilling operations...

Read More »

Digital transformation

The drilling industry has always been known for having big iron – from drawworks to iron roughnecks, from top drives to blowout preventers. But in today’s digital oilfield, it’s no longer hardware that’s driving the biggest changes at the rig site. Rather, game-changing technologies on the horizon are now almost entirely digital. Predictive analytics, the Internet of things (IoT), machine learning and artificial intelligence are not just buzzwords. They refer to real technologies that are increasingly being adopted into the drilling industry to improve efficiency and reduce costs....

Read More »

2016 ISP: Global LTI, recordable incident rates both down, but number of fatalities ticks up slightly

Numbers from the latest IADC Incident Statistics Program (ISP) are encouraging. The ISP, which has tracked safety and accident information for the drilling industry since 1962, shows that the worldwide lost-time incidents (LTI) rate improved by 27.7% from 2015 to 2016, going from 0.18 to 0.13. The recordable incident rate also saw improvement, falling by 23.3% from 0.60 in 2015 to 0.46 in 2016...

Read More »