Compliance Is Fun (Said No One Ever)
If you want to plan for the outcome and reduce the risk of failure during operation, you need to work on communication. But not the way you think.
Posts by:
CTO of Pro Well Plan. Follow me on LinkedIn to learn how I want to improve technology adoption and management in the oil industry.
If you want to plan for the outcome and reduce the risk of failure during operation, you need to work on communication. But not the way you think.
Every year we are drilling wells that eventually need to be permanently plugged and there is a Everest scale backlog of high risk moments floating out there, clouding every economical horizon. Carbon Capture and Storage business models depend on Storage, otherwise they would call it Carbon Capture and Leakage over Time.
You have said you will deliver five wells this year, but already the first one is postponed and the second one came in at double time and half the reservoir exposure. What do you say?
If the expected cost of the development is larger than the value of the hydrocarbons you are going to produce, a field becomes marginal. Adding volumes to a reservoir takes dinosaurian time, so what oil companies compete on is reducing costs of field development.
We explored the impact of AI on revolutionizing automation and quality in the energy sector at the Havtil conference.