Content Tagged: "asset management"

Using modern portfolio management theory and practice the learner will use your methanol company's current enterprise wide operating assets and new exploration opportunities to optimize the performance of it's integrated portfolio. In the process you will learn to build and manage the portfolio as you review the current assets and new opportunities using portfolio management techniques and within the existing investment environment. The learner will be able to: learn to apply Portfolio Management to exploration opportunities, learn what an efficient frontier is and its role in portfolio performance optimization, learn the various ways you can go about rebalancing your enterprise portfolio, know how to apply passive and active portfolio rebalancing.

Optimize reservoir management and control decisions using surveillance techniques, information systems, technical indicators and financial guidelines. Upon completion of this module, the participant should be able to do the following: manage available resources (e.g., reserves, assets, personnel, budget) in order to maximize hydrocarbon reserves and minimize recovery cost and make appropriate reservoir management and control decisions with the aid of surveillance techniques, information systems and technology applications to generate pressure and production histories, maps and other key reservoir data.

Describes the reservoir management techniques used to maximize production. Once production begins, the reservoir is only a part of a larger system, and understanding the relationships among all elements--the wellbore, tubing string, artificial lift equipment, surface control devices, separators, treaters, tanks and measuring devices--is crucial to economical and safe recovery.

The field development and asset management life cycle comprise 7 stages: explore, appraise, select, define, execute, operate, and abandon. Frequently

In this SPE Tech Talk, SLB discusses some of the major challenges facing Asset Performance Management (APM),

Alignment of offshore operations is critical to success. Yet, many organizations operate in “silos”, and don’t coordinate activities effectively

Alignment of offshore operations is critical to success. Yet, many organizations operate in “silos”, and don’t coordinate activities effectively

Does managing your industrial assets feel like firefighting? Oil and gas companies now have the data to cut the need for reactive management of large

This paper presents a systematic proven and effective nine-step data governance framework that helps to enable oil and gas organizations to improve re

This presentation in English is from the 2020 SPE International Conference and Exhibition on Health, Safety, Environment, and Sustainability. Our arch

Employing certain practices in past field operations reduced operating costs by over $4.4MM per year and helped increase reserves by more than 3 milli

This presentation in English is from the 2020 SPE Latin American and Caribbean Petroleum Engineering Conference. Our archived 2020-21 event content is

Among the key aspects and strategies of Integrated Asset Development & Management (IADM) on enhancing the values in hydrocarbon assets throughout the field life, is to thoroughly understand the field’s potentials with the right benchmarks and exampled analogues. Part 4 of this series elaborates on the application of data analytics and associated solutions, with a focus on data-driven reservoir performance benchmarking on identifying areas of reservoir performance gaps, and formulation of Recovery Factor (RF) improvement plans through effective yet simple to use methodologies and Field Development Plans (FDP) analogues. Part of a Webinar series: SPE Asia Pacific Webcast Series on Integrated Asset Development & Management (IADM) – Episodes: • Get the Best out of Assets in a Challenging and Dynamic Landscape • Unveiling the Asset Value through Integrated Production System & Data Analysis • Unlocking Producing Oilfields’ Potential through Rethinking Development and Mindset Change in Low Price Future • Enhancing the Asset/Field Value through Data Analytics-based Performance Benchmarking and Recovery Factor Improvement Plan • Treatment Options and Beneficial Use of Treatment Products for CSG Waters

Led by Rahim Masoudi, Group Technical Authority & Custodian Reservoir Engineering, Resource Development & Management MPM, Upstream Business, PETRONAS, along with esteemed co-presenters and moderators, the SPE Asia Pacific Webcast Series on Integrated Asset Development & Management (IADM) is designed to share and discuss the topic of IADM with subject matter experts throughout the series. Webinar series – episodes: • Get the Best out of Assets in a Challenging and Dynamic Landscape • Unveiling the Asset Value through Integrated Production System & Data Analysis • Unlocking Producing Oilfields’ Potential through Rethinking Development and Mindset Change in Low Price Future • Enhancing the Asset/Field Value through Data Analytics-based Performance Benchmarking and Recovery Factor Improvement Plan • Treatment Options and Beneficial Use of Treatment Products for CSG Waters