Download or read book Drilling Operations Cost and Risk Management written by Prosper Aideyan and published by . This book was released on 2015-05-29 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Every activity or operation in well construction has its own associated risk(s). The cost of running the operation will most certainly be impacted by the level of risk that can be taken for that particular operation. Typically, the running of an operation costs less if the level of risk associated with it is high, and it is higher if the level of risk is lower. However, any safety incidents arising out of high-risk operations could potentially lead to catastrophic damage, which in-turn may raise the overall cost of running the operation immensely. Therefore it is important to identify all risks associated with any operation during well construction and to determine what level of risk is acceptable and to what extent. Risk management is the economics of finding a suitable balance between running an operation by rejecting and accepting various risks; developing barriers for acceptable risks and making a profit while running a safe operation.

Download or read book Drilling Operations written by Ken Fraser and published by Air Science Company. This book was released on 1991 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Drilling Waste Discharges in the Marine Environment written by Rehan Sadiq and published by . This book was released on 2001 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Dynamic Safety Analysis of Managed Pressure Drilling Operations written by Majeed Olasunkanmi Abimbola and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The exploration and development of oil and gas reserves located in harsh offshore environments are characterized with high risk. Some of these reserves would be uneconomical if produced using conventional drilling technology due to increased drilling problems and prolonged non-productive time. Seeking new ways to reduce drilling cost and minimize risks has led to the development of Managed Pressure Drilling techniques. Managed pressure drilling methods address the drawbacks of conventional overbalanced and underbalanced drilling techniques. As managed pressure drilling techniques are evolving, there are many unanswered questions related to safety and operating pressure regimes. Quantitative risk assessment techniques are often used to answer these questions. Quantitative risk assessment is conducted for the various stages of drilling operations - drilling ahead, tripping operation, casing and cementing. A diagnostic model for analyzing the rotating control device, the main component of managed pressure drilling techniques, is also studied. The logic concept of Noisy-OR is explored to capture the unique relationship between casing and cementing operations in leading to well integrity failure as well as its usage to model the critical components of constant bottom-hole pressure drilling technique of managed pressure drilling during tripping operation. Relevant safety functions and inherent safety principles are utilized to improve well integrity operations. Loss function modelling approach to enable dynamic consequence analysis is adopted to study blowout risk for real-time decision making. The aggregation of the blowout loss categories, comprising: production, asset, human health, environmental response and reputation losses leads to risk estimation using dynamically determined probability of occurrence. Lastly, various sub-models developed for the stages/sub-operations of drilling operations and the consequence modelling approach are integrated for a holistic risk analysis of drilling operations.

Download or read book Risk Analysis of Drilling Operations written by Majeed Abimbola and published by . This book was released on 2016-11-04 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Managing Drilling Operations written by Ken Fraser and published by . This book was released on 1991 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macondo Well Deepwater Horizon Blowout written by National Research Council and published by National Academies Press. This book was released on 2012-03-02 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The blowout of the Macondo well on April 20, 2010, led to enormous consequences for the individuals involved in the drilling operations, and for their families. Eleven workers on the Deepwater Horizon drilling rig lost their lives and 16 others were seriously injured. There were also enormous consequences for the companies involved in the drilling operations, to the Gulf of Mexico environment, and to the economy of the region and beyond. The flow continued for nearly 3 months before the well could be completely killed, during which time, nearly 5 million barrels of oil spilled into the gulf. Macondo Well-Deepwater Horizon Blowout examines the causes of the blowout and provides a series of recommendations, for both the oil and gas industry and government regulators, intended to reduce the likelihood and impact of any future losses of well control during offshore drilling. According to this report, companies involved in offshore drilling should take a "system safety" approach to anticipating and managing possible dangers at every level of operation-from ensuring the integrity of wells to designing blowout preventers that function under all foreseeable conditions-in order to reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill. In addition, an enhanced regulatory approach should combine strong industry safety goals with mandatory oversight at critical points during drilling operations. Macondo Well-Deepwater Horizon Blowout discusses ultimate responsibility and accountability for well integrity and safety of offshore equipment, formal system safety education and training of personnel engaged in offshore drilling, and guidelines that should be established so that well designs incorporate protection against the various credible risks associated with the drilling and abandonment process. This book will be of interest to professionals in the oil and gas industry, government decision makers, environmental advocacy groups, and others who seek an understanding of the processes involved in order to ensure safety in undertakings of this nature.

Download or read book Drilling Engineering Problems and Solutions written by M. E. Hossain and published by John Wiley & Sons. This book was released on 2018-06-27 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: Completely up to date and the most thorough and comprehensive reference work and learning tool available for drilling engineering, this groundbreaking volume is a must-have for anyone who works in drilling in the oil and gas sector. Petroleum and natural gas still remain the single biggest resource for energy on earth. Even as alternative and renewable sources are developed, petroleum and natural gas continue to be, by far, the most used and, if engineered properly, the most cost-effective and efficient, source of energy on the planet. Drilling engineering is one of the most important links in the energy chain, being, after all, the science of getting the resources out of the ground for processing. Without drilling engineering, there would be no gasoline, jet fuel, and the myriad of other "have to have" products that people use all over the world every day. Following up on their previous books, also available from Wiley-Scrivener, the authors, two of the most well-respected, prolific, and progressive drilling engineers in the industry, offer this groundbreaking volume. They cover the basic tenets of drilling engineering, the most common problems that the drilling engineer faces day to day, and cutting-edge new technology and processes through their unique lens. Written to reflect the new, changing world that we live in, this fascinating new volume offers a treasure of knowledge for the veteran engineer, new hire, or student. This book is an excellent resource for petroleum engineering students, reservoir engineers, supervisors & managers, researchers and environmental engineers for planning every aspect of rig operations in the most sustainable, environmentally responsible manner, using the most up-to-date technological advancements in equipment and processes.

Download or read book Optimization and Business Improvement Studies in Upstream Oil and Gas Industry written by Sanjib Chowdhury and published by John Wiley & Sons. This book was released on 2016-08-03 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book CIMA P3 Risk Management written by BPP Learning Media and published by BPP Learning Media. This book was released on 2014-07-31 with total page 755 pages. Available in PDF, EPUB and Kindle. Book excerpt: BPP Learning Media provides comprehensive materials that highlight the areas to focus on for your exams and complement the syllabus to increase your understanding.

Download or read book Operation Management of Drilling Processes in Surface Mining written by Omer Ugurlu and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "In recent years, the profit margin for mining companies has been declining due to low commodity prices and high operating costs associated with resource degradation and system aging, forcing mining companies to reduce operating costs in order to maintain operations. Cost savings presented by new technologies and computational resources that allow companies to modernize mining equipment are offset by increasing equipment complexity, which can lead to higher operating costs. The drilling operation is one component that can be the focus of cost reduction efforts because it affects all phases of mineral production--from exploration to extraction and mineral processing. Therefore, an efficient drilling operation can help to achieve the desired economic production cycle, but it must be optimized to balance operating performance (measured by the rate of penetration or ROP) with longer drill bit life. The ROP depends on various controllable (i.e., rotation speed, weight on the bit, and bailing air pressure) and uncontrollable (i.e., physical and mechanical properties of the rock formation, bit type, bit material, operator expertise, and drilling machine condition) parameters. The ROP and controllable parameters are directly related: when the controllable parameters increase, ROP also increases and operating costs decrease consequently. However, high controllable parameters shorten bit life and enhance bit consumption through wear. Thus, there is a trade-off between bit consumption and operating cost. The relationship between ROP and the bit life must be optimized to minimize the total cost of the operation for mine management. Identifying an optimum set of operational parameters helps to ensure the minimum cost per drill bit, which represents a considerable portion of the total operating cost of the machine. Hence, it is crucial to estimate the optimum bit replacement time while considering ROP. Another important factor that directly affects drilling performance and the cost is the condition of the drilling equipment, which is getting larger due to economies of scale. Unexpected failures severely affect the production schedule; thus, equipment reliability is required for satisfactory performance. Statistical tools and simulation techniques are the best methods to determine bit replacement time, whereas reliability and maintenance analysis are the best tools to ensure operational performance. These tools help to forecast future failure of repairable and non-repairable system components, prevent unexpected stoppages, and improve the quality of the maintenance. This thesis focuses on 1) optimizing drilling operation parameters using design of experiment tolls, cost minimization with evolutionary algorithms, machine performance assessment, and risk quantification using reliability analysis and stochastic modeling techniques (Markov Chain Monte Carlo and Mean Reverting); 2) determining optimum replacement time of drill bits based on historical data using discrete event simulation and minimizing replacement costs by using an evolutionary algorithm and Monte-Carlo Simulation. " --

Download or read book Risk Assessment and Management for Ships and Offshore Structures written by Yong Bai and published by Gulf Professional Publishing. This book was released on 2024-04-04 with total page 683 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volatile, uncertain, complex, and ambiguous (VUCA) nature of environmental and operational conditions is still the major cause of marine accidents, with knock-on effects in terms of casualties, property damage, and marine pollution. Recognized as the most effective approach to navigate VUCA environments, risk-based assessment methods provide a solution to address challenges associated with health, safety, and environmental protection in extreme conditions and when accidents involving engineering structures and infrastructure occur. This book serves as a comprehensive guide to the foundational principles, current practices, and cuttingedge trends in quantitative risk assessment and management for ships and offshore structures. With six partsencompassing a total of 35 chapters, it covers risk assessment and management for offshore installations, oil and gas leaks, collisions and grounding, and fires and explosions. Tailored for ship and offshore structural engineers, naval architects, as well as mechanical and civil engineers involved in advanced safety studies, this book is an invaluable resource for both practicing engineers and researchers in this field.• Offers insights into quantitative risk assessment and asset management for ships and offshore structures inextreme conditions and in the event of accidents• Equips engineers with valuable statistical data sets and enhances data assimilation techniques for precisehazard frequency calculations• Seamlessly integrates fundamental principles with practical applications, addressing emerging challengesand leveraging the latest technological advances in the field

Download or read book Composition and Properties of Drilling and Completion Fluids written by Ryen Caenn and published by Gulf Professional Publishing. This book was released on 2011-08-15 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rev. ed. of: Composition and properties of drilling and completion fluids / H.C.H. Darley, George R. Gray.

Download or read book Cost Cutting in Drilling Operations by Auxiliary Heads written by Hoefer Manufacturing Company and published by . This book was released on 1915 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Mining Engineering Open Pit Techniques written by Prof. Dr. Bilal Semih Bozdemir and published by Prof. Dr. Bilal Semih Bozdemir. This book was released on with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mining Engineering: Open Pit Techniques Introduction to Open Pit Mining Geological Considerations Ore and Waste Characterization Pit Design and Planning Survey and Geotechnical Assessments Drilling and Blasting Techniques Excavation and Loading Equipment Haul Road Construction Overburden and Waste Management Dewatering and Drainage Systems Environmental Regulations and Compliance Safety Protocols in Open Pit Mines Productivity and Efficiency Optimization Technological Advancements in Open Pit Mining

Download or read book Risk Management written by Terje Aven and published by Springer Science & Business Media. This book was released on 2007-04-26 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a risk management framework designed to achieve better decisions and more desirable outcomes. It presents an in-depth discussion of some fundamental principles of risk management related to the use of expected values, uncertainty handling, and risk acceptance criteria. Several examples from the offshore petroleum industry are included to illustrate the use of the framework, but it can also be applied in other areas.

Download or read book Solvents Dilute Dissolve and Disperse Insights on Green Solvents and Distillation written by Raffaello Papadakis and published by BoD – Books on Demand. This book was released on 2024-08-21 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book Solvents - Dilute, Dissolve, and Disperse - Insights on Green Solvents and Distillation takes the reader on a journey of chemistry and engineering toward sustainability. The book unravels the potential of green solvents, which are remarkably versatile, low-toxicity alternatives to traditional solvents that promise to reduce environmental impact. Latest research on supercritical fluids, ionic liquids, and deep eutectic solvents are carefully reviewed with emphasis on the numerous applications of green solvents. Additionally, as industrial demands evolve, the development of existing techniques is necessary. Distillation, the cornerstone of industrial separation, has been reimagined through groundbreaking approaches allowing for reduced operational costs and a diminished environmental footprint. The novel approaches in distillation offer advancement, allowing us to tackle the complexities of separating complex mixtures with unprecedented precision. Acknowledging these facts, this book covers new trends in this exciting research field of science and engineering. The book is an essential read for chemists, engineers, environmentalists, and anyone committed to fostering innovation for a greener tomorrow.