SPE Live

Wednesday, May 11, 2022

09:30:AM - 10:00:AM CT
Capital Market, Mergers and Acquisitions: Impact on E&P Business Wednesday, May 11, 2022 | 09:30:AM - 10:00:AM CT Capital providers shifted away from oil and gas investments in recent years due to a period of low returns and growing interest in the energy transition. However, that lack of investment and newly minted supply security concerns are now driving oil and gas prices to ...

Add to Calendar 05/11/2022 09:30 AM 05/11/2022 10:00 AM America/Chicago Capital Market, Mergers and Acquisitions: Impact on E&P Business Capital providers shifted away from oil and gas investments in recent years due to a period of low returns and growing interest in the energy transition. However, that lack of investment and newly minted supply security concerns are now driving oil and gas prices to the highest levels in recent memory. With higher prices, the market has started to question if the dormant mergers and acquisitions space will liven up again. In this SPE Live, Tuba Firincioglu and Sarp Ozkan discuss how capital markets have shifted their view on oil and gas investments, whether there is a shift in their thinking with higher prices, and what this all means for potential consolidation. https://streaming.spe.org/capital-market-mergers-and-acquisitions

Wednesday, October 12, 2022

08:00:AM - 08:30:AM CT
The Digital Twin for Production Optimization with Emphasis on Compositional Modeling | Kristian Mogensen Wednesday, October 12, 2022 | 08:00:AM - 08:30:AM CT A digital twin is essentially a digital representation of a physical system such as a well, pump, compressor, or a series of connected items. Sometimes, machine-learning algorithms can assist in analyzing large amounts of data within domains such as preventive maintenance. The value proposition of ...

Add to Calendar 10/12/2022 08:00 AM 10/12/2022 08:30 AM America/Chicago The Digital Twin for Production Optimization with Emphasis on Compositional Modeling | Kristian Mogensen A digital twin is essentially a digital representation of a physical system such as a well, pump, compressor, or a series of connected items. Sometimes, machine-learning algorithms can assist in analyzing large amounts of data within domains such as preventive maintenance. The value proposition of a digital twin is to have a complete overview of all fluid streams in the production and injection network to enable automation of production capacity planning subject to current and future constraints. The digital solution must be versatile, maintainable, accurate, and with a quick turnaround time to address dynamic changes in market demand as well as the supply side down to the individual wells. Integrated asset models (IAM) have been around for the past two decades or so. These models have become more sophisticated but also require more effort to maintain. The Digital Oil Field (DOF) orchestrates data exchange between different IT systems to feed a calibrated IAM model. An IAM-DOF system provides an up-to-date overview of all fluid streams to maximize value creation subject to a number of constraints. The digital solution must be versatile, maintainable, accurate, and with a quick turnaround time to address dynamic changes in market demand as well as the supply side. So far, digital twins have mainly focused on mimicking small, well-defined systems, whereas IAM models tend to address the bigger picture. Can we take the best from both worlds? Do you need to? And how would you go about developing such a technical solution? Distinguished Lecturer Kristian Mogensen will discuss some of these aspects in the presentation. When you blend different fluid systems together, you need a robust fluid description at well level. Complicating factors may arise, such as compositional variation at reservoir level, gas coning as well as breakthrough of injection gas. Many such technical details must be factored in, without losing sight of the overall goal: to create more value. https://streaming.spe.org/the-digital-twin-for-production-optimization-with-emphasis-on-compositional-modeling

Monday, October 17, 2022

09:00:AM - 09:30:AM CT
Uncrewed Systems and Their Role in the Energy Transition Monday, October 17, 2022 | 09:00:AM - 09:30:AM CT The emergence of reliable, affordable, and accessible uncrewed systems have the potential to play a valuable role in the energy transition. Autonomous aircraft, robots, vehicles, and boats have come out of the workshop and are now appearing as routine tools in a wide range of ...

Add to Calendar 10/17/2022 09:00 AM 10/17/2022 09:30 AM America/Chicago Uncrewed Systems and Their Role in the Energy Transition The emergence of reliable, affordable, and accessible uncrewed systems have the potential to play a valuable role in the energy transition. Autonomous aircraft, robots, vehicles, and boats have come out of the workshop and are now appearing as routine tools in a wide range of challenging environments where they are conducting an ever-growing array of complex observations, measurements, and work. Drawing upon recent trials and deployments –this SPE Live explores some of the ways in which autonomous systems can improve how we work –provided that the fundamental rules of safe and reliable operations are maintained and the decision to use advanced technology is justified by the benefits that it brings. Examples presented include the use of autonomous aircraft for measuring greenhouse gas emissions, long-duration offshore surveys and safety-critical inspections in hazardous locations. The autonomous systems can only be as good as the payload that they carry. Here we present the concept of ‘Horse and rider’ in which the sensors and tools (the rider) are viewed as working in partnership with the mode of transport (the horse). Together they define the workplan and method. Working in this way allows rapid innovation –allowing technology providers to specialize and adapt rapidly to new opportunities. Speaker: Peter Evans, bp Moderated by Chris Adams, Flylogix Ltd Monday, October 17, 2022 | 09:00:AM - 09:30:AM CT https://streaming.spe.org/uncrewed-systems-and-their-role-in-the-energy-transition

Wednesday, November 09, 2022

04:00:AM - 04:30:AM CT
How Do CEOs Lead for Success? Insights to Boost Your Leadership Skills | Elizabeth Coffey Wednesday, November 09, 2022 | 04:00:AM - 04:30:AM CT What actions do CEOs take behind the scenes to create success? What can go wrong that leads to CEO failure? How long do most CEOs have in post? What skills do they need to create high performance? What can you learn from these insights to ...

Add to Calendar 11/09/2022 04:00 AM 11/09/2022 04:30 AM America/Chicago How Do CEOs Lead for Success? Insights to Boost Your Leadership Skills | Elizabeth Coffey What actions do CEOs take behind the scenes to create success? What can go wrong that leads to CEO failure? How long do most CEOs have in post? What skills do they need to create high performance? What can you learn from these insights to accelerate your leadership journey, regardless of your current point? Distinguished Lecturer Elizabeth Coffey shares behind-the-scenes stories and practical guidance grounded in 25 years of collaborating with energy CEOs. We look at what CEOs actually DO. During a CEO’s tenure, a leader focuses on 3 activities: destroying aspects of the inherited organization that don’t work, creating new elements to improve performance, and preserving aspects that work well. Ideally, the leader delivers these empathetically. We consider the (often brief) life cycle of the CEO. Upon entry, the CEO plans a strategic path for the business. Next, the CEO disrupts the status quo by operationalizing those ambitions. Third, a CEO tries to stabilize the organization to establish a positive legacy. What are the upsides of this high wire act? Company growth plus status, wealth, and power for the CEO. If a high-visibility CEO fails, it can devastate the organization's valuation and the individual's reputation. Which core skills do CEOs need? We look beyond the myths to explore real examples from the oil and gas industry to reveal the most important 4 skills for CEO success. Which skills are crucial for you to achieve your own career peak? We highlight the critical few skills that sign-post the way to your leadership achievement. DL Speaker: Elizabeth Coffey https://streaming.spe.org/how-do-ceos-lead-for-success-insights-to-boost-your-leadership-skills

Wednesday, November 30, 2022

09:00:AM - 09:30:AM CT
Move from the Beginner to the Intermediate Level in Machine Learning Wednesday, November 30, 2022 | 09:00:AM - 09:30:AM CT There are several concepts in machine learning and data analytics that the petroleum engineers and geoscientists, at a beginner level, tend to either ignore or do not emphasize enough. Following concepts are commonly overlooked at the beginner level: (1) the power of unsupervised learning, (2) model evaluation, (3) ...

Add to Calendar 11/30/2022 09:00 AM 11/30/2022 09:30 AM America/Chicago Move from the Beginner to the Intermediate Level in Machine Learning There are several concepts in machine learning and data analytics that the petroleum engineers and geoscientists, at a beginner level, tend to either ignore or do not emphasize enough. Following concepts are commonly overlooked at the beginner level: (1) the power of unsupervised learning, (2) model evaluation, (3) model complexity, (4) dependence on engineering and sensor deployment, (5) data cleaning, (6) extrapolation versus interpolation, (7) feature engineering, and (8) the weakness of neural networks. This SPE Live discussion will help the engineers and geoscientists who want to move from a beginner level to intermediate level in data analytics and machine learning. https://streaming.spe.org/move-from-the-beginner-to-the-intermediate-level-in-machine-learning