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Get More News • Completing the Well |
28 September 2022
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The oil and gas industry is facing significant challenges in recruiting the next generation of talent to move the industry forward. The IADC Drilling Engineers Committee (DEC) dedicated its Q3 Technology Forum, held on 21 September, to addressing this challenge, with participants from operators, drilling contractors, service providers and academia. By working in breakout groups during the event, participants explored the specific actions that the industry needs to take around things like technology development, collaboration and industry branding. In this video interview with DC, Blaine Dow of Schlumberger, a member of the DEC Board and co-organizer for the event, spoke about both the opportunities and risks, as well as the DEC’s plans to draft a manifesto outlining the steps that stakeholders should take in the coming years. |
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While managed pressure drilling (MPD) systems can be useful in deepwater projects, operators often still only use them as insurance when drilling difficult wells. In fact, the industry is still figuring out the value of adopting MPD on a larger scale, said André Alonso Fernandes, Drilling Engineer at Petrobras. In this interview with DC from the 2022 SPE/IADC Managed Pressure Drilling and Underbalanced Operations Conference in Kuala Lumpur, Malaysia, Mr Fernandes discusses the results from various simulations Petrobras performed to determine the optimal use of MPD on a drilling campaign, as well as the practices and procedures that can help expand the use of MPD. |
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Precision Drilling CTO: Digital mindset can help drilling contractors reach ‘Drilling 4.0’
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While the drilling industry has seen significant increases in footage drilled per rig over the years, it may have to look to other industries for inspiration that will bring about the next step change in performance. The manufacturing sector, for example, has done a great job of implementing “Industry 4.0,” or the digital convergence between industry, businesses and processes through cyber-physical systems such as AI. This has helped manufacturers realize new efficiencies and performance improvements in their operations, according to Shuja Goraya, CTO of Precision Drilling, and he believes the implementation of a “Drilling 4.0” can help drilling contractors see similar improvements... |
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Machine learning techniques are nowadays often used to analyze historical well data, allowing drilling contractors and operators to optimize performance while drilling new wells and predict outcomes in real time. In this interview with DC from the 2022 IADC Advanced Rig Technology Conference in Austin, Texas, on 31 August, Allan Nandlal, Product Manager at Well Data Labs, and Malini Manocha, Director of RigCLOUD at Nabors Industries, discuss the results of a collaborative project in which the two companies developed a machine learning model to help predict and optimize well planning and real-time operations. The two speak about the methodology used to build the model, as well as the results they saw from testing. |
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The state of Texas is becoming a notable playground for geothermal energy development, thanks in large part to its regulatory structure, said Barry Smitherman, Chairman and President of the recently formed Texas Geothermal Energy Alliance. In this interview with DC from the 2022 IADC Advanced Rig Technology Conference in Austin, Texas, on 30 August, Mr Smitherman discusses the role that oil and gas drilling contractors can play in geothermal while making use of existing drilling equipment, as well as the challenges in making large-scale geothermal cost effective. |
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As part of efforts to lower its greenhouse gas (GHG) emissions profile, Precision Drilling has zeroed in on hybrid power, enabled by battery energy storage systems. Speaking to DC from the 2022 IADC Advanced Rig Technology Conference in Austin, Texas, on 30 August, Stu Ross, Manager of Drilling Performance at Precision Drilling, discusses the results the company has seen from implementing battery systems in the field, as well as the next steps that Precision Drilling plans to take in the low-carbon space, including its work on powering drilling rigs with hydrogen. |
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Maersk Drilling is in the midst of an initiative to reduce greenhouse gas emissions intensity by 50% by 2030. One of the key levers the company identified in achieving this target is increasing the energy efficiency of its drilling operations. Under its Energy Efficiency Embedded (EEE) project, it has leveraged data to help adjust processes and procedures in its rig fleet and optimize power consumption. In this interview from the 2022 IADC Advanced Rig Technology Conference on 30 August, Rune Loftager, Head of Technology at Maersk Drilling, speaks about the importance of data in boosting energy efficiency, as well as the progress the company has made in optimizing processes on the rig. |
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Schlumberger introduces Neuro autonomous solutions
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Schlumberger has introduced its Neuro autonomous solutions, which use advanced cloud-based software and connected intelligent systems to create a continuous feedback loop between surface and downhole. This significantly increases the efficiency and consistency of E&P operations while reducing human intervention and footprint. “Neuro autonomous solutions transform hydrocarbon exploration and development workflows for the well construction process today and lay the groundwork for our customers to achieve fully autonomous operations tomorrow,” said Abdellah Merad, EVP, Core Services & Equipment, Schlumberger... |
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New study: US LNG to meet Europe’s energy needs in short and long term
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As global natural gas markets continue to tighten and Europe braces for a challenging winter, the American Petroleum Institute (API) and the International Association of Oil and Gas Producers (IOGP) released a new analysis of Europe’s natural gas market and highlighted the immense potential of US liquefied natural gas (LNG) to help Europe strengthen its energy security. The study, conducted by Rystad Energy, found that while the short-term outlook is challenging, new long-term supplies from abundant and affordable resources could fully replace Russian natural gas and rebalance the European market... |
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US Department of Energy launches initiative aimed at reducing geothermal costs
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The US Department of Energy (DOE) announced a new initiative to cut the cost of enhanced geothermal systems (EGS) by 90% to $45 per megawatt hour by 2035. The “Enhanced Geothermal Shot” is part of the Biden Administration’s initiative to deliver net-zero emissions across the US economy by 2050. “The United States has a vast, geothermal energy resource lying right beneath our feet, and this program will make it economical to bring that power to American households and businesses,” said US Energy Secretary Jennifer Granholm. “DOE’s Enhanced Geothermal Shot will move geothermal technology from research and development to cost-effective commercial adoption, helping energy communities and workers transition to producing clean energy for the future... |
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Maersk Viking secures work offshore Malaysia into 2024
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Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co (SSB/SSPC) for the seventh-generation drillship Maersk Viking. SSB/SSPC has executed the remaining three one-well options of the current drillship contract and awarded an additional eight-well contract to Maersk Drilling. A five-well work scope will be novated to PTTEP for drilling and plugging and abandonment activities at the Kikeh field offshore Sabah, with a total estimated duration of 116 days and expected commencement of the first well in November 2022, in direct continuation of the drillship’s previous work scope... |
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Talos acquires private deepwater GOM operator EnVen
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Talos Energy announced the execution of definitive agreements to acquire EnVen Energy, a private operator in the deepwater US Gulf of Mexico, for $1.1 billion. The strategic transaction expands Talos’s Gulf of Mexico operations with high margin, oil-weighted assets. Key transaction highlights include:
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Chevron, MOECO to collaborate on advanced geothermal technology
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Chevron New Energies International and Mitsui Oil Exploration Co (MOECO) announced the signing of a joint collaboration agreement to explore the technical and commercial feasibility of advanced geothermal power generation in Japan. The collaboration will study geothermal resource potential across Japan and evaluate the effectiveness of advanced closed loop (ACL) technology for a future joint pilot project in Japan. Both companies may also assess potential collaboration for advanced geothermal technology opportunities using ACL globally... |
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Matt Lyne assumes SVP and Chief Commercial Officer role at Valaris
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Matt Lyne has commenced his previously announced role as Senior Vice President and Chief Commercial Officer at Valaris. Mr Lyne previously served as Chief Commercial and Strategy Officer of Seadrill, where he held a number of senior marketing and commercial roles for more than 12 years. Prior to this, he served in a number of senior operational and functional roles with Transocean. Mr Lyne has more than 20 years of offshore drilling experience in various international locations... |
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Industry methane partnership drives nearly 50% reduction in average flare intensity
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The Environmental Partnership has released its fourth annual report, highlighting the oil and gas industry’s efforts to reduce methane emissions and improve environmental performance across its operations. The report revealed continued progress across all six environmental performance programs, including reducing flaring, replacing gas-driven pneumatic controllers with low- or zero-emitting devices, and reducing leak occurrence rates to 0.05% among the nearly 100,000 sites surveyed. Since launching in 2017, the Partnership has quadrupled in size, now representing 100 companies that make up 70% of the US onshore oil and gas industry... |
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