Digitalisation as a critical tool in resource asset valuations, acquisitions and dispositions

2019 ◽  
Vol 59 (2) ◽  
pp. 609
Author(s):  
Douglas W. Hollett ◽  
Craig N. Phasey
Keyword(s):  
Portfolio Management ◽  
Deep Understanding ◽  
Cost Savings ◽  
Asset Valuation ◽  
Significant Cost ◽  
New Approach ◽  
Digital Twins ◽  
And Control ◽  
A Company

Digital twins and digital ‘solutions’ have become increasingly common in recent years, as companies recognise the benefit of greater visibility and control into their operations. When built and implemented properly, a digital twin (DT) offers the potential for significant cost savings, coupled with attractive add-on value in safety, operational integrity and predictive maintenance, all of which can also result in increased production. DTs are also critical for effective portfolio management, in allowing a full understanding of asset or field value, upside, and long-term potential. By identifying areas for optimisation, a DT can help the operator prioritise investment, and accurately understand which assets to keep or monetise. Through building DTs for operating properties, Nova Systems and PTC have gained a deep understanding of the upside potential inherent in the technology. This also means that DT technology can be invaluable in asset acquisitions. During merger and acquisition (M&A) analysis, a company typically looks for technical, operational and financial leverage which can unlock potential not seen by the current owner. These can be commercial (commodity contract, price deck and agreements), technical (e.g. engineering approach and models, and subsurface), operating synergies (common services, facilities and duplication) and digital solutions. While most companies utilise traditional and tested approaches to asset valuation, new digital solutions offer the opportunity for break-out higher valuations which can drive an entirely new approach to M&A growth. In today’s competitive marketplace, the company with an innovative digital solutions skillset will have the advantage.

scholarly journals Evaluation of Suppliers at A Steel Structure Manufacturer

2018 ◽  
Vol 9 (1) ◽  
pp. 111-114
Author(s):  
Katalin Keller ◽  
Balázs Kocsi ◽  
István Budai
Keyword(s):  
Quality Function Deployment ◽  
Steel Structure ◽  
New Approach ◽  
North Eastern ◽  
Abc Analysis ◽  
Second Category ◽  
A Company ◽  
Combined Work ◽  
Qfd Method

Abstract In today’s world, where competition is becoming increasingly prominent, companies need to focus on several aspects in order to be successful in their operations. Purchasing is essential to achieving this goal, so suppliers can be evaluated as well. A new approach is created based on the QFD method for evaluating suppliers, which can be quickly and easily performed, even without the help of a computer. This method was tested in a company based in a North Eastern Hungarian city. Firstly, suppliers were selected by ABC analysis and then the expectations were defined and compared based on the order of their preference matrix. The three categories were A, B and C, one supplier achieved a place in the best category, two suppliers a place in the second category, five suppliers joined the third category. Furthermore, Suppliers were categorized by Kraljic matrix. The supplier rating which was based on the QFD (Quality Function Deployment) method, allows analysis of the performance of a given supplier in an easy way within the company and to develop them over the long-term in order to make the company more successful based on the results of combined work.

Advantages of Facilities Monitoring System in Integrated Circuit Fabrication

1986 ◽  
Vol 29 (6) ◽  
pp. 41-45
Author(s):  
Allart Ligtenberg
Keyword(s):  
Integrated Circuit ◽  
Historical Data ◽  
Cost Savings ◽  
Monitor System ◽  
Significant Cost ◽  
Integrated Circuit Fabrication ◽  
Circuit Fabrication ◽  
Process Gases ◽  
System Information ◽  
And Control

This paper discusses a computerized Facilities Monitor and Control System, which has been in use for several years at Hewlett Packard's Cupertino Integrated Circuit Division. Over 350 transducers monitor the IC fabrication support systems such as deionized (DI) water, process gases, process environment, cleanroom equipment and environment, as well as systems which ensure industrial hygiene, safety and environmental compliance. Examples illustrate how the Facilities Monitor System information has been used to improve yield, diagnose process control problems, prevent contamination and improve the facilities, resulting in significant cost savings. This is accomplished by continuous real-time monitoring, historical data acquisition and analysis, trendlining, correlation studies and various levels of alarm notification.

Novel collaborative P&A campaign using inflatable packers and bismuth alloy plugs

2021 ◽  
Vol 61 (2) ◽  
pp. 536
Author(s):  
Adam Bensaied ◽  
George Farag ◽  
Jeff Fulks
Keyword(s):  
Gas Flow ◽  
Cost Savings ◽  
Significant Cost ◽  
North West ◽  
Sustained Casing Pressure ◽  
Bismuth Alloy ◽  
Casing Pressure ◽  
Cement Plug ◽  
Lengthy Process

Chevron Australia, a leading O&G operator on the Australian North West Shelf, executed a plug and abandonment (P&A) campaign where 34 wells (19 offshore and 15 onshore) incorporated a novel bismuth alloy barrier system to the traditional cement plug. The challenge of isolating shallow gaseous zones that cause sustained casing pressure and free gas flow to surface behind the production casing was overcome by this new innovative use of collaborative technologies to provide an optimised P&A solution. The offshore/onshore P&A campaign was completed successfully with significant cost savings, eliminating the lengthy process of section milling more than 100ft of casing on each well, providing a long-term bismuth alloy barrier in the well and eliminating the potential need to reenter the well later due to a leaking cement plug.

scholarly journals Android Based Switch Controlling Technique for LED Bulbs Using Bluetooth/Wi-Fi Technology

2018 ◽  
Vol 6 (1) ◽  
pp. 48
Author(s):  
Munigoti Saikiran ◽  
Lalith Nagaram Nagarajan ◽  
Malladi Bharath
Keyword(s):  
Energy Efficient ◽  
Cost Savings ◽  
Android Application ◽  
Significant Cost ◽  
Efficient Approach ◽  
Android Applications ◽  
And Control

This paper presents an efficient approach to switch on/off and control the intensity of an LED bulb from a remote place using Android Applications installed in a Smartphone. As LED household bulbs and lights are energy efficient, drop-in replacements for the incandescent lighting found in homes and offices. These lights produce a warm brightness while providing a significant cost savings over traditional lighting. Bluetooth & Wi-Fi modules are used simultaneously as an interface that make connection between Android Application and the LPC2148 controller by which the generated output can be viewed with the help of an LED bulb and control various other devices, based on the availability in particular areas.

An Integrated Scale Protection Package for Offshore Fractured Wells Under Designed Shut-In Extension

2021 ◽  
Author(s):  
Zhiwei David Yue ◽  
Andrew Slocum ◽  
Xiaohong Lucy Tian ◽  
Linping Ke ◽  
Megan Westerman ◽  
...  
Keyword(s):  
Cost Savings ◽  
Control Program ◽  
Extended Period ◽  
Formation Water ◽  
Scale Inhibitor ◽  
Significant Cost ◽  
Scale Inhibition ◽  
Reservoir Conditions ◽  
Inhibition Performance

Abstract After fracturing, it is common practice to leave offshore wells shut-in from days to weeks for operational purposes. During the recent historic decline of demand for global crude, a trend has been witnessed to shut in even newly fractured wells under design for an extended period. The cause of these extended shut-ins can be attributed to various factors including operational logistics as well as economic factors. The shut-in extension brings some unique scaling challenges for well designs. In this paper, an integrated scale inhibitor (SI)/fracturing fluid package is presented with detailed laboratory prerequisites data to validate its efficacy for long-term scale protection during the extended shut-in. Utilizing seawater in offshore fracturing can provide significant cost savings to an operation. Unfortunately, in regions with barium-rich formations, the use of seawater brings tremendous barite scaling risk. In order to solve this challenge, the investigation focused on the selection of the most effective inhibitors for long-term barite inhibition under the simulated reservoir conditions. Along with the scale inhibitor selection, the crosslinked gel had to be carefully optimized to eliminate any potential negative interference the gel additives could impart to the performance of the inhibitor. Furthermore, the inhibitor was tested in the crosslinking system to meet optimum rheology requirements. Utilizing the broken gel containing the designed inhibitor package, barite precipitation could be prevented for months under the simulated testing conditions. Due to high levels of sulfate from seawater and the barium originating from the formation, barite scale formed immediately upon mixing of the two types of water in absence of the appropriate scale inhibitors. Solid scale products featuring slow releasing of the inhibitor ingredients was proven insufficient for this application. With extensive laboratory screening, the candidate chemistry demonstrated great brine-calcium tolerance, superior scale inhibition performance for both sulfate and carbonate scales, and the minimum interferences for the crosslinking engineering to meet necessary proppant carrying capacity. To mimic the gel-breaking process and heterogeneous bleeding from the formation water, the inhibitor was crosslinked with the gel at various loading rates (1 gpt to 10 gpt) and broken at the elevated reservoir temperature, then mixed with the different ratios of the formation water. Reliable scale inhibition performance was achieved for an extended period of time for up to six weeks. Incorporating SI into the fracturing stimulation package is a convenient method for operators to include a scale-control program into well-defined fracturing designs with minimal adjustment and also add significant cost-saving for offshore logistics and rig time (Fitzgerald, et al., 2008). The scale inhibitor product presented in this paper shows a superior solution to protect assets from scale deposition for an extended shut-in period.

scholarly journals Introduction to the Biology and Control of Invasive Fishes and a Special Issue on This Topic

Fishes ◽  
2021 ◽  
Vol 6 (4) ◽  
pp. 69
Author(s):  
Peter W. Sorensen
Keyword(s):  
Control Strategies ◽  
Deep Understanding ◽  
Lessons Learned ◽  
Special Issue ◽  
Invasive Fish ◽  
Invasive Fishes ◽  
Introductory Article ◽  
Local Species ◽  
And Control

Across the globe, dozens of species of invasive fish are now found in fresh as well as marine waters, where they alter habitats, compete with native fish for food, and prey on native fishes, exerting both indirect and direct effects on ecosystems and economies. While efforts to understand and control these species are growing, most are still in their infancy; however, a few examples stand out. This special issue is comprised of 11 notable articles on freshwater invasive fish and is the first to address this topic. This introductory article serves as an introduction to these articles which focus on 5 topics on invasive freshwater fish: (1) the damage they cause (one article); (2) techniques to ascertain their presence (one article); (3) techniques to restrict their movement (one article); (4) strategies to control them (three articles); and (5) lessons learned from ongoing management efforts (five articles). This introduction notes that successful management efforts share a few approaches: (1) they develop and use a deep understanding of local species and their abundance as well as distribution; (2) they focus on reducing reproductive success; (3) they use multiple complimentary control strategies; and (4) they use a long-term approach.

scholarly journals Strategic Planning of Cars Quality in Operation

2019 ◽  
Vol 20 (1) ◽  
pp. 74-81
Author(s):  
Dmitriy Aydarov ◽  
Vladimir Kozlovskiy ◽  
Vera Vakhnina ◽  
Tatyana Fomina ◽  
Darya Ivanova
Keyword(s):  
Strategic Planning ◽  
High Performance ◽  
New Approach ◽  
Technological Support ◽  
Warranty Period ◽  
Analytical Tools ◽  
A Company ◽  
Circle Processes ◽  
Technical Terms

Abstract Attainment of high competitiveness indicators of products and services is a natural goal of each enterprise. This goal stems from the desire of stakeholders to ensure the continuous, long-term development of a company and the high performance of labour results. However, the market has leaders and outsiders for various reasons. And the outsiders can be decently prepared in organizational and technical terms. But something prevents them from successfully developing. In addition, a decision of methodological and analytical tasks is not cheap. Competent experts, relevant technical and technological support of the process, and, most importantly, the conditions for creative work are required. It is necessary effective management decisions based on the detailed analysis of warranty period of cars operation for solving main problems related to the quality and products competitiveness. Similar analytical activity is helping to improve the life circle processes, creates the opportunities to enhance customer satisfaction and sustainable development of automakers. The research has updated a problem of design and realization effective analytical tools for an appointment the quality objectives for the automotive corporations. This paper presents the results of development and implementation of the new approach to the strategic planning of products competitiveness and setting the quality objectives by the example of automotive industry.

Reduction of major amputations in the diabetic ischaemic foot: A strategy to "take control" with conservative care as well as revascularisation

VASA ◽  
2001 ◽  
Vol 30 (Supplement 58) ◽  
pp. 6-14 ◽  
Author(s):  
Edmonds ◽  
Foster
Keyword(s):  
Natural History ◽  
Treatment Plan ◽  
Staging System ◽  
Vascular Control ◽  
New Approach ◽  
Conservative Care ◽  
Arterial Bypass ◽  
Therapeutic Footwear ◽  
Frequent Problem

The diabetic ischaemic foot has become an increasingly frequent problem over the last decade. However, we report a new approach consisting of a basic classification, a simple staging system of the natural history and a treatment plan for each stage, within a multi-disciplinary framework. This approach of "taking control" consists of two parts: 1. long-term conservative care including debridement of ulcers (to obtain wound control), eradication of sepsis (micribiological control), and provision of therapeutic footwear (mechanical control), and 2. revascularisation by angioplasty and arterial bypass (vascular control). This approach has led to a 50% reduction in the rate of major amputations in patients attending with ischaemic ulceration and absent foot pulses from 1989 to 1999 (from 4.6% to 2.3% per year). Patients who underwent angioplasty increased from 6% to 13%. Arterial bypass similarly increased from 3% to 7% of cases. However, even with an increased rate of revascularisation, 80% of patients responded to conservative care alone. This,we conclude, is an essential part of the management of all patients with ischaemic feet.

Suppressed, but Not Forgotten

2011 ◽  
Vol 70 (1) ◽  
pp. 5-11 ◽  
Author(s):  
Beat Meier ◽  
Anja König ◽  
Samuel Parak ◽  
Katharina Henke
Keyword(s):  
Memory Trace ◽  
Thought Suppression ◽  
Test Phase ◽  
Indirect Test ◽  
Final Test ◽  
Test Experiment ◽  
And Control ◽  
Cue Words ◽  
The Impact

This study investigates the impact of thought suppression over a 1-week interval. In two experiments with 80 university students each, we used the think/no-think paradigm in which participants initially learn a list of word pairs (cue-target associations). Then they were presented with some of the cue words again and should either respond with the target word or avoid thinking about it. In the final test phase, their memory for the initially learned cue-target pairs was tested. In Experiment 1, type of memory test was manipulated (i.e., direct vs. indirect). In Experiment 2, type of no-think instructions was manipulated (i.e., suppress vs. substitute). Overall, our results showed poorer memory for no-think and control items compared to think items across all experiments and conditions. Critically, however, more no-think than control items were remembered after the 1-week interval in the direct, but not in the indirect test (Experiment 1) and with thought suppression, but not thought substitution instructions (Experiment 2). We suggest that during thought suppression a brief reactivation of the learned association may lead to reconsolidation of the memory trace and hence to better retrieval of suppressed than control items in the long term.

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