Efficient Proppant Transport: Just Add Water
Tuesday, June 16, 2015 10:00 AM
Controlling completions cost has never been more important. With that goal in mind, self-suspending proppant improves frac efficiency and stimulated reservoir volume, lowering the ultimate cost per BOE. By simply adding water, the proppant’s hydrogel coating swells to suspend the proppant and achieve ideal transport throughout the fracture. As a clear alternative to slickwater and crosslink gel fluid systems, self-suspending proppant requires the least amount of water, chemicals, and pumping time to complete a well. In this Fairmount Santrol webcast, you’ll learn how Weatherford International is applying this technology to produce better wells.
NPV-Driven Development Strategies for Unconventional Plays
Thursday, May 28, 2015 10:00 AM
Every day, asset managers must make multi-million dollar decisions regarding field development in unconventional oil and gas plays: What well spacing to use; how many stages to complete; how much proppant/fluid to pump, and many others. These decisions frequently are not supported with a clear understanding of the reservoir/completion system or with the specific objective to optimize asset performance. As a result, profitability is seldom as good as it could be. The concept of an NPV-driven development strategy is simple: Every decision about when and how to allocate capital is made with the aim of maximizing the net present value of the asset. Although this may seem obvious, many operators focus solely on minimizing drilling and completion costs, without fully considering the impact on reservoir performance. The NPV strategy can also be adapted to reflect internal rate of return (IRR) or other economic measures.
Improving Strategic Planning in the O&G industry
Thursday, May 21, 2015 11:00 AM
With the turbulent and volatile price of Oil and Gas it is paramount in organizations’ boardrooms that not only is the annual capex and opex budget set according to future oil and gas prices but that the correct projects are selected. Executives need to ensure that projects deliver against predetermined drivers (ROI, positive cash flow, profitability, production, environmental impact).
In order for organizations to deliver on the above it is critical to obtain disparate ad-hoc data and develop reports which can take a considerable amount of effort and time. The value of a strategic planning solution is that both finance and business are working in the solution on a daily basis and parameters can be reset and re-evaluated on a periodic basis, ensuring that the data used to make decisions is current and based on fact.
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Challenges in Refinery Control & Optimization – User Perspective
Monday, April 13, 2015 10:03 AM
Once a plant is commissioned and stabilized, the challenge is to continuously operate the plant reliably at it’s true economic
optimum. However, the economic optimum point continuously shifts due to changes in feed quality, feed prices, product specification, product value, marketing constraint and disturbances in upstream and downstream units, feed, intermediates and product storage limitations, as well as with day and night ambient changes. This requires that the operation and technical staff are as agile as possible to take advantage of any opportunity and avoid repetitive postmortem studies and retro analysis. This webinar focuses on Reliance’s approach to resolving these problems effectively. Speaker: Fareed Khan, Vice-President, APC/RTO, Reliance.
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