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

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

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

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

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

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

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

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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Drilling industry continues to push evolution of crew resource management

Training for rig crews continues to evolve, with more programs now focusing on giving employees the skills needed to handle unexpected situations where split-second decisions and teamwork make all the difference. Crew resource management training can now be found in many of the industry’s training programs, and some are also beginning to integrate it with technical education and simulation-based training. To learn more about the evolution of crew resource management, watch DC’s video with Maersk Training Crew Resource Management Lead Instructor Evelyn Baldwin from the 2016 IADC Human Factors Conference in Galveston on 5 October.

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CSB: Non-technical skills can help employees find their way through complex situations

In its investigation of Macondo, the US Chemical Safety Board (CSB) found that future incidents could potentially be prevented if employees are equipped with non-technical skills. Such skills could help them navigate the complex situations that can occur on a drilling rig, where a great deal of information may be thrown at them at once. In this video from the 2016 IADC Human Factors Conference on 4 October in Galveston, Texas, Cheryl Mackenzie, CSB Investigations Team Lead, explains some of the CSB’s findings from its investigation. She also discussed recommendations the CSB made to API, the US Bureau of Safety and Environmental Enforcement and the Ocean Energy Safety Institute.

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