Whitepapers

A low oil price environment presents a distinct challenge to the field development planning and reserves estimation process. The bulk of the world’s mature assets are currently operating on autopilot, with little active investment, and with a reserves base that is not accurately quantified. New techniques that can be executed with a small team in just a few weeks, without a full field model, lead to significant value creation opportunities, even at low oil prices.

By integrating seismic, geological, and engineering data, Global’s seismic-based analytics workflow identifies the most prospective areas and zones for drilling - down to the stage level. Operators can apply these models to optimize drilling, completion design and execution, qualify refracturing candidates, and improve economic recovery, thereby reducing risk and optimizing spend – essentials during the current downturn. This white paper discusses the workflow and uses a case study from the Permian Basin to illustrate field-proven capabilities.

Oil and gas producers have seen a dramatic boost in production from horizontal wells in unconventional reservoirs over the last decade. In a low-priced oil and gas market, operators must find a way to pair the higher well performance with improved operational efficiency to reduce well costs. This paper explains several challenges faced by operators today and the completion solutions that can help drive down costs in an effort to make wells more profitable.

With commodity prices, demand for O&G-related products and services, and other cost-driving forces at record lows, those who systematically take advantage of market movements can drive large, sustainable cost reductions. Through the use of cost modeling and should-cost analysis (explained in greater detail below), we’ve seen E&P, midstream, and downstream Oil and Gas companies consistently drive an incremental 5% -20% savings in supplier negotiations through the recent downturn.

Process safety and asset integrity is very often enshrined in corporate integrity systems and operating procedures supported by operating safety audits that have been in place for a long time to meet regulations and try to ensure no failures occur. Often considered a necessary overhead, consider for a second whether in your company asset integrity is more than a series of inspection tasks, corrosion analyses, and equipment monitoring tasks. Is your asset integrity management program helping you deliver world-class operational performance? Going beyond the concept of “Fitness-for-Service,” asset integrity management is a business-critical process that should help identify and shape opportunities for operational excellence – improving safety and optimizing you capital and operational spend. This paper explains how a reliability centered approach to maintenance and asset performance management can help you develop and implement world-class operational performance through asset integrity management.