Why Collaboration has a higher impact on business performance than technology
Great impact of collaboration on overall business performance Geosteering requires sophisticated technologies, access to relevant data (streamed real time data and model derived data) and most importantly, collaboration of geosteering team members. Whilst the first two components of geosteering have broadly been described, analysed in depth and their impact on the geosteering final outcome evaluated in […]
Well Navigation Process
Application of traffic light communication system and target changing methods in geosteering Well Navigation Process. For all geosteering approaches, what is precisely known is limited and sporadically located along the wellbore trajectory. When geosteering is required, there is no substitute for geologic and engineering knowledge of the area being drilled, the critical ability to […]
Geosteering: The Past and The Future
Application of digital situational awareness in geosteering Conventional geosteering becomes more complex, faster and requires more data in real-time. This puts an incredible amount of pressure on geosteerers as their decisions need to be taken in a shorter amount of time, need to be more precise and require from him/her analysis of a larger amount […]
The Big Oil to Big Energy Transition
Geopolitical, sociological, and economic factors that shape the future of the energy sector The Big Oil to Big Energy Transition. Current global energy consumption forecasts indicate that although renewables are set to expand by 50% between 2020 and 2025, they will not fully replace fossil fuels in our lifetimes. However, if recent geopolitical, economic, […]
Agile Well Delivery Process
Drilling wells with improved safety and performance while reducing cost The application of SCRUM framework for end-to-end well delivery will transform the process making it simple, resourceful and most importantly fully adaptable to the ever-changing subsurface environment. This flexibility combined with iterative, collaborative and transparent working practices, common to the Agile decision-making process, will allow […]
Nord Stream 2 Project Advanced Despite Week Economics
Nord Stream 2 Project Advanced Despite Week Economics While it is too late to permanently halt construction of Nord Stream 2, it’s important to verify the non-financial reasons behind its construction. Political reasons are first. There is significant risk that to assure full operational capacity of Nord Stream 2, Russian-state Gazprom would continue decreasing the […]