Drilling for change

The drilling seg­ment must adapt and in­no­vate in or­der to solve key chal­lenges and take full ad­van­tage of new op­por­tu­ni­ties

Oil & Gas Middle East - - WELCOME -

Drilling is the cen­tral part of the hy­dro­car­bon ex­trac­tion process. To an out­sider, it may ap­pear to be the same as it was decades ago, but the land­scape has changed, and the drilling seg­ment has had to adapt.

When we talk about a shift­ing land­scape, we talk about fluc­tu­at­ing oil prices, chang­ing ge­o­log­i­cal for­ma­tions, rapidly ad­vanc­ing tech­nol­ogy, in­creas­ing aware­ness of en­vi­ron­men­tal con­cerns, and many other fac­tors.

Our Knowl­edge Part­ner, well­bore cleanup and aban­don­ment spe­cial­ist Core­trax, un­der­stands that land­scape. Kenny Mur­ray, man­ag­ing di­rec­tor of Core­trax, talks about the oil price down­turn, the out­look for the fu­ture, and how well­bore cleanup can help op­er­a­tors’ ex­tend the pro­duc­tiv­ity of their wells.

With rel­a­tively higher oil prices, op­er­a­tors can af­ford to spend on more ex­pen­sive pro­ce­dures like well­bore cleanup, which of­fer long-term savings for an im­me­di­ate in­vest­ment.

Look­ing at the wider in­dus­try, AIE man­ag­ing di­rec­tor Neil Flem­ming says in our Mar­ket Fo­cus that op­er­a­tors must take emis­sion re­duc­tion se­ri­ously; if not for the sake of the en­vi­ron­ment, then for their bot­tom line.

With a global shift to­wards nat­u­ral gas, Flem­ming points to meth­ane emis­sions as a key green­house gas to re­duce, and shares nine core sources of meth­ane emis­sions.

Tak­ing a look at the dig­i­tal side of drilling, our Tech Fo­cus dives into dig­i­tal twins, and how three-di­men­sional ren­der­ings of as­sets (or en­tire op­er­a­tions) can im­prove ef­fi­ciency, pro­duc­tiv­ity and train­ing.

But train­ing is, in it­self, be­com­ing more and more dig­i­tal. Our Last Word this month comes from 3T En­ergy Group Vice Pres­i­dent of Strat­egy & De­vel­op­ment Gavin Ames, who talks about how train­ing sim­u­la­tors go hand-in-hand with lo­cal­i­sa­tion and help to fill the in­dus­try’s tal­ent gap.

Drilling can, and should, be smarter. This Spe­cial Re­port might seem to shine a light on the in­ef­fi­cien­cies of the seg­ment, but it re­ally em­pha­sises the vast op­por­tu­ni­ties avail­able.

The in­dus­try lead­ers gath­ered for this re­port point to only a few of the many ways that drilling can be im­proved, op­er­a­tors can cut costs, in­crease ef­fi­ciency, ad­here to lo­cal­i­sa­tion ini­tia­tives and drill re­spon­si­bly.

With such a wide scope within drilling, and an un­cer­tain fu­ture for the in­dus­try land­scape, op­er­a­tors should be nim­ble, above all else. They will have to col­lab­o­rate closely with ser­vices providers and con­trac­tors to en­sure they are able to op­er­ate through­out any eco­nomic cli­mate.

With ris­ing in­ter­est in un­con­ven­tion­als and a shift­ing en­ergy mix, in­no­va­tive tech­niques will be needed to fill en­ergy de­mand. That will re­quire a work­force geared to­wards in­no­va­tion and trained to make it hap­pen.

Ul­ti­mately, the choices that op­er­a­tors make now will im­pact their abil­ity to cope with the fu­ture.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.