Optimization and Business Improvement Studies in Upstream Oil and Gas Industry

Delves into the core and functional areas in the upstream oil and gas industry covering a wide range of operations and processes Oil and gas exploration and production (E&P) activities are costly, risky and technology–intensive. With the rise in global demand for oil and fast depletion of easy reserves, the search for oil is directed to more difficult areas deepwater, arctic region, hostile terrains; and future production is expected to come from increasingly difficult reserves deeper horizon, low quality crude. All these are making E&P activities even more challenging in terms of operations, technology, cost and risk. Therefore, it is necessary to use scarce resources judiciously and optimize strategies, cost and capital, and improve business performance in all spheres of E&P business. Optimization and Business Improvement Studies in Upstream Oil and Gas Industry contains eleven real–life optimization and business improvement studies that delve into the core E&P activities and functional areas covering a wide range of operations and processes. It uses various quantitative and qualitative techniques, such as Linear Programing, Queuing theory, Critical Path Analysis,  Economic analysis, Best Practices Benchmark, Business Process Simplification etc. to optimize Productivity of drilling operations Controllable rig time loss Deepwater exploration strategy Rig move time and activity schedule Offshore supply vessel fleet size Supply chain management system Strategic workforce and human resource productivity Base oil price for a country Standardize consumption of materials Develop uniform safety standards for offshore installations Improve organizational efficiency through business process simplification The book will be of immense interest to practicing managers, professionals and employees at all levels/ disciplines in oil and gas industry. It will also be useful to academicians, scholars, educational institutes, energy research institutes, and consultants dealing with oil and gas. The work can be used as a practical guide to upstream professionals and students in petroleum engineering programs. INDICE: Preface xv .About the Author xvii .Acknowledgments xviii .1 Optimization and Business Improvement Studies in Upstream Oil and Gas Industry: An Overview 1 .1.1 Introduction, 1 .1.2 E&P Activities and Processes, 2 .1.3 Need for Optimization in Upstream Industry, 3 .1.4 Importance of Creativity and Data Usability for Business Performance Improvement, 4 .1.5 Overview of the Book, 5 .Review Exercises, 8 .References, 8 .Further Reading, 9 .2 Optimizing Productivity of Drilling Operations 11 .2.1 Introduction, 11 .2.2 A Brief Note on Drilling Operation and Cost, 12 .2.3 Objectives, 15 .2.4 Key Observations and Findings, 16 .2.5 Human Factors, 21 .2.6 Organizational Factors, 25 .2.7 Technical Factors, 28 .2.8 Benefits and Savings Potential, 32 .2.9 Limitations of the Study and Scope for Further Work, 33 .2.10 Conclusion, 33 .Review Exercises, 35 .References and Useful Links, 35 .Further Reading, 36 .3 A Diagnostic Approach to Optimize Controllable Rig Time Loss 37 .3.1 Introduction, 37 .3.2 Rig Time Loss and Nonproductive Drilling Time, 38 .3.3 Objectives, 39 .3.4 Observations, 39 .3.5 Waiting on Materials, 42 .3.6 Waiting on Decisions, 45 .3.7 Waiting on Logging, 46 .3.8 Equipment Repair Downtime, 49 .3.9 Other Shutdown, 53 .3.10 Waiting on Weather, 55 .3.11 Conclusion and Scope for Improvement, 57 .Review Exercises, 59 .References, 59 .Further Reading, 59 .4 Optimizing G&G Strategies for Deepwater Oil and Gas Exploration 61 .4.1 Introduction, 61 .4.2 Objectives, 62 .4.3 Methodology, 63 .4.4 Optimization of G&G Evaluation Time in Deepwater Wells, 65 .4.5 Economics of Acquiring LWD for Own Deepwater Rig, 70 .4.6 Improve Accuracy of Geological Predictions, 73 .4.7 Effect on Downhole Complications due to Variation in formation Pressure, 75 .4.8 Slippage in Well Completion Time of Deepwater Wells, 78 .4.9 Influence of People s Factors on the Success of Deepwater Exploration, 80 .4.10 Benefits, 81 .4.11 Limitations of the Study and Scope for Improvement, 81 .4.12 Conclusion, 82 .Review Exercises, 83 .Further Reading, 84 .5 Optimization of Offshore Supply Vessel Fleet Size Using Queuing Theory 85 .5.1 Introduction and Background of the Problem, 85 .5.2 Objectives, 86 .5.3 Waiting Line Model: A Brief Note, 87 .5.4 Formulation of the Model, 91 .5.5 Results, 93 .5.6 Limitations of the Model and Scope for Further Work, 96 .5.7 Conclusion, 98 .Review Exercises, 99 .Appendices, 100 .References, 101 .Further Reading, 101 .6 Standardizing Consumption of HSD, Cement, and Chemicals in Oil/Gas Wells and Rigs 103 .6.1 Introduction, 103 .6.2 Objectives, 104 .6.3 Methodology, 104 .6.4 Standardization of HSD Consumption, 105 .6.5 Standardization of Oil Well Cement Consumption, 117 .6.6 Standardization of Chemical Consumption, 124 .6.7 Benefits and Scope for Improvement, 131 .6.8 Conclusions, 132 .Review Exercises, 134 .Appendix, 135 .Reference, 135 .Further Reading, 135 .7 Optimizing Rig Move Time and Activity Schedule Using Critical Path Analysis 137 .7.2 Objectives, 139 .7.3 A Brief Note on Network Analysis Using PERT/CPM, 139 .7.4 Development of Network Analysis Model, 141 .7.5 Results and Discussions, 145 .7.6 Probability of Completion of Project on Time, 146 .7.7 Crashing of Activity and Project Completion Time, 148 .7.8 Suggestions, 150 .7.9 Limitations of the Study and Scope for Further Work, 151 .7.10 Conclusions, 153 .Review Exercises, 154 .Appendices, 155 .References and Useful Links, 165 .Further Reading, 165 .8 Developing Uniform Standards for Emergency Alarm System and Indicators for Offshore Oil and Gas Installations 167 .8.1 Introduction, 167 .8.2 Objectives, 168 .8.3 Methodology, 169 .8.4 Observations, 169 .8.5 Deep Dive and Findings, 170 .8.6 Recommendations, 173 .8.7 Conclusions, 174 .Review Exercises, 175 .Appendices, 176 .References and Useful Links, 180 .9 Optimizing Supply Chain Management System of an E&P Company 181 .9.1 Introduction, 181 .9.2 The Evolution of SCM, 182 .9.3 Objectives, 185 .9.4 SCM System, 186 .9.5 Procurement Group, 188 .9.6 Materials Management Group, 200 .9.7 SCM Support Group, 206 .9.8 Benefits, 209 .9.9 The Scope for Further Work, 210 .9.10 Conclusions, 211 .Review Exercises, 213 .References and Useful Links, 213 .Further Reading, 214 .10 Manpower Optimization and Strategic Workforce Planning 215 .10.1 Introduction, 215 .10.2 Objectives, 216 .10.3 Manpower Planning and Optimization Process, 217 .10.4 Methods of Manpower Demand Forecasting, 218 .10.5 Other Key Issues in Manpower Planning, 221 .10.6 Introduction of Multiskilling and Multidisciplinary Approach, 222 .10.7 Rationalization of Disciplines, Trades, and Categories, 225 .10.8 A Case Study on Manpower Optimization, 229 .10.9 Conclusion, 244 .Review Exercises, 246 .Appendices, 247 .Further Reading, 262 .11 Improving Organizational Efficiency through Business Process Simplification 263 .11.1 Introduction, 263 .11.2 Objectives, 264 .11.3 Differences between Business Process Simplification and Business Process Redesign/Reengineering, 265 .11.4 Identify Opportunities for Business Process Simplification, 267 .11.5 Business Process Simplification: Some Real ]Life Examples, 267 .11.6 Suggestions for Improvement, 281 .11.7 Scope for Further Work, 282 .11.8 Conclusion, 283 .Review Exercises, 283 .References, 284 .Further Reading, 284 .12 Optimization of Base Oil Price Using Linear Programming 287 .12.1 Introduction, 287 .12.2 Objectives, 291 .12.3 A Brief Note on LP, 292 .12.4 Formulation of the Model, 294 .12.5 Model Calibration and Execution, 301 .12.6 Results, 302 .12.7 Limitations of the Model and Scope for Further Work, 308 .12.8 Conclusions, 308 .Review Exercises, 309 .Appendices, 310 .References and Useful Links, 313 .Index 315

• ISBN: 978-1-119-10003-4
• Editorial: Wiley–Blackwell
• Encuadernacion: Cartoné
• Páginas: 336
• Fecha Publicación: 27/09/2016
• Nº Volúmenes: 1
• Idioma: Inglés