Scenario identification in oil and gas industry: A case in the Middle East

2021 ◽  
Author(s):  
Farooq Anwar Baig ◽  
Ali Alhasawi ◽  
Marco Aburto Perez

Abstract Short radius wells typically incorporate build rates between 35deg per 100ft and 70deg per 100ft. These wells are typically drilled to minimize exposure of a problematic zone above the target or to reduce geological uncertainty. This paper will discuss best practices and equipment developed specifically for delivering these wells in the Middle East. Case histories will illustrate the close collaboration with the operator resulting in performance step change for short radius drilling. The approach is based on a rigorous Drilling Engineering process. Such process is divided in four major steps; design, execute, evaluate and optimize. One of the first key steps is to perform a diligent risk assessment ensuring the customer objectives are achieved. This resulted in the development and implementation of technological innovations on downhole motors and Measurements While Drilling (MWD) tools to achieve the required high build rates safely and consistently. Proper communication was crucial for flawless execution, and meticulous documentation enabled proper evaluation and optimization of the art of short radius drilling. For over 10 years, multiple short radius wells have been consistently delivered meeting their objectives; from successful sidetracking operations, accurate curve landing, optimum geo-steering, valuable Logging While Drilling (LWD) data collection, to extending the life of the wells by maximizing their production. The last two steps of the Drilling Engineering cycle (evaluate and optimize) have been the foundation of the continuous improvement process; targeting adequate equipment maintenance, Bottom Hole Assembly (BHA) design and operational practices to ensure consistent results. The paper will recap the drilling engineering cycle for wells drilled recently. The discussed best practices have enabled master the art of short radius drilling. Such distinctive knowledge should be shared with the entire oil and gas industry. The paper captures the engineering approach to tackle the traditional challenges of drilling short radius wells. It also discusses the reliable solution for drilling short radius wells in Middle East which are planned to access new reserves from an existing infrastructure, while minimizing drilling and geological risks.


2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.


2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.


2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest


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