This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include identifying sedimentary basins from surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides guidance for an exploration team tasked with maximizing return on investment from a new petroleum province. It outlines various challenges involved in the exploration and development process, including acquiring surveys, identifying sedimentary basins, bidding on licenses, partnering with other teams, drilling wells, and testing discoveries to prove reserves. The ultimate goal is to apply successful strategies to increase the net value of oil and gas fields discovered while minimizing costs.
The document discusses offshore drilling in the United States. It provides details on the history and locations of offshore drilling in the US. Offshore drilling produces a significant portion of US oil and gas. However, it also faces regulatory restrictions and debates around various costs and environmental concerns. The document also discusses the US partnership with Brazil to help develop offshore drilling capacity there.
This document discusses the process of hydraulic fracturing. It begins with an overview of fracturing stages and materials used. It then covers in-situ rock stresses, fracture initiation theories, and fracture geometry models. The document discusses fracturing fluid systems and additives used. It also reviews proppant types and their strengths. Finally, it examines fracture conductivity and equivalent skin factor calculations used to evaluate fracturing results.
Unconventional petroleum refers to oil and gas deposits that require advanced extraction technologies and greater investment compared to conventional methods. It includes sources like oil sands, oil shales, coal-based liquids, and gas from shale formations and coal beds that has not migrated from its source rock. While more difficult to extract, unconventional sources are increasingly important as conventional reserves dwindle and new technologies make extraction economically viable.
This lecture reviews hydraulic fracturing and alternative fracturing technologies, by searching the open literature, patent databases and commercial websites.
For each identified technique, an overview is given.
The technique is then briefly explained, and its rationale (reasons for use) is identified. Potential advantages and disadvantages are identified, and some considerations on costs are given.
Finally, the status of the technique (for instance, commercially applied, being developed, concept, etc.) is given for its application to shale gas production.
Why Unconventional Gas Reservoirs need to be Hydraulically Fractured; The importance of complex hydraulic fracture geometry; The Hydraulic Fracturing Process described; Fracturing Materials; What Can We Control During a Fracture Treatment?; Why cause and effect with respect to production are not always obvious; Key Considerations for Hydraulic Fracturing of Gas Shales; Why We Fracture Shale Gas Wells…!; The Hydraulic Fracturing Processes; Functions of the Fracturing Fluid; Fracturing Challenges in Unconventional Gas Reservoirs; Post Fracture Treatment Monitoring Methods; Fracture Treatment Validation Via Microseismic Monitoring
This document discusses the key geological elements of a petroleum system including source rocks, reservoir rocks, seals, migration routes, and traps. It explains that source rocks contain organic matter that generates hydrocarbons through diagenesis, catagenesis and metagenesis as the rocks are buried deeper. Reservoir rocks have pore spaces that can absorb hydrocarbons, while seal rocks are impermeable layers that trap hydrocarbons between them and the reservoir rock. Traps form where hydrocarbons are blocked from further migrating, such as in structural traps like folds and faults or stratigraphic traps caused by changes in rock layers.
Offshore drilling is the process of drilling through the seabed to explore and extract petroleum deposits beneath the seafloor. It involves using seismic surveys to locate potential oil deposits, drilling holes hundreds to thousands of feet below the seabed using metal casing and drill pipes, and extracting oil through the wells. Offshore drilling poses environmental risks like oil spills that can harm ocean life and pollute shorelines if not properly regulated. Unconventional drilling methods allow drilling at angles and laterally to access more oil.
This document summarizes a lecture on petroleum risks and decision analysis. It discusses defining risk and uncertainty, identifying uncertainties in exploration and production, tools for quantifying risk like sensitivity analysis and decision trees, and characteristics of petroleum projects that involve risks from reserves, costs, prices, and more. Specific examples of risks are explored, like the Varanus Island gas explosion case study. The lecture covers probability scales, consequences of risks, and approaches to dealing with and responding to risky events.
The document provides guidance for an exploration team tasked with maximizing return on investment from a new petroleum province. It outlines various challenges involved in the exploration and development process, including acquiring surveys, identifying sedimentary basins, bidding on licenses, partnering with other teams, drilling wells, and testing discoveries to prove reserves. The ultimate goal is to apply successful strategies to increase the net value of oil and gas fields discovered while minimizing costs.
The document discusses offshore drilling in the United States. It provides details on the history and locations of offshore drilling in the US. Offshore drilling produces a significant portion of US oil and gas. However, it also faces regulatory restrictions and debates around various costs and environmental concerns. The document also discusses the US partnership with Brazil to help develop offshore drilling capacity there.
This document discusses the process of hydraulic fracturing. It begins with an overview of fracturing stages and materials used. It then covers in-situ rock stresses, fracture initiation theories, and fracture geometry models. The document discusses fracturing fluid systems and additives used. It also reviews proppant types and their strengths. Finally, it examines fracture conductivity and equivalent skin factor calculations used to evaluate fracturing results.
Unconventional petroleum refers to oil and gas deposits that require advanced extraction technologies and greater investment compared to conventional methods. It includes sources like oil sands, oil shales, coal-based liquids, and gas from shale formations and coal beds that has not migrated from its source rock. While more difficult to extract, unconventional sources are increasingly important as conventional reserves dwindle and new technologies make extraction economically viable.
This lecture reviews hydraulic fracturing and alternative fracturing technologies, by searching the open literature, patent databases and commercial websites.
For each identified technique, an overview is given.
The technique is then briefly explained, and its rationale (reasons for use) is identified. Potential advantages and disadvantages are identified, and some considerations on costs are given.
Finally, the status of the technique (for instance, commercially applied, being developed, concept, etc.) is given for its application to shale gas production.
Why Unconventional Gas Reservoirs need to be Hydraulically Fractured; The importance of complex hydraulic fracture geometry; The Hydraulic Fracturing Process described; Fracturing Materials; What Can We Control During a Fracture Treatment?; Why cause and effect with respect to production are not always obvious; Key Considerations for Hydraulic Fracturing of Gas Shales; Why We Fracture Shale Gas Wells…!; The Hydraulic Fracturing Processes; Functions of the Fracturing Fluid; Fracturing Challenges in Unconventional Gas Reservoirs; Post Fracture Treatment Monitoring Methods; Fracture Treatment Validation Via Microseismic Monitoring
This document discusses the key geological elements of a petroleum system including source rocks, reservoir rocks, seals, migration routes, and traps. It explains that source rocks contain organic matter that generates hydrocarbons through diagenesis, catagenesis and metagenesis as the rocks are buried deeper. Reservoir rocks have pore spaces that can absorb hydrocarbons, while seal rocks are impermeable layers that trap hydrocarbons between them and the reservoir rock. Traps form where hydrocarbons are blocked from further migrating, such as in structural traps like folds and faults or stratigraphic traps caused by changes in rock layers.
Offshore drilling is the process of drilling through the seabed to explore and extract petroleum deposits beneath the seafloor. It involves using seismic surveys to locate potential oil deposits, drilling holes hundreds to thousands of feet below the seabed using metal casing and drill pipes, and extracting oil through the wells. Offshore drilling poses environmental risks like oil spills that can harm ocean life and pollute shorelines if not properly regulated. Unconventional drilling methods allow drilling at angles and laterally to access more oil.
This document summarizes a lecture on petroleum risks and decision analysis. It discusses defining risk and uncertainty, identifying uncertainties in exploration and production, tools for quantifying risk like sensitivity analysis and decision trees, and characteristics of petroleum projects that involve risks from reserves, costs, prices, and more. Specific examples of risks are explored, like the Varanus Island gas explosion case study. The lecture covers probability scales, consequences of risks, and approaches to dealing with and responding to risky events.
This document provides an overview of the oil and gas industry presented by Puput Aryanto Risanto. It discusses how oil and gas are used as energy sources and raw materials. The upstream, midstream, and downstream sectors of the industry are defined. Key aspects of exploration, appraisal, development and production processes in the upstream sector are outlined. The document also describes different contract types, typical organizational structures, economics over the lifecycle of oil and gas fields, characteristics of the industry, and careers working in oil and gas. Biographical information about the author's experience concludes the presentation.
This document provides an overview of petroleum engineering and related topics. It discusses:
- The definition and chemistry of hydrocarbons and how petroleum is formed from the remains of ancient organisms.
- How petroleum migrates and can accumulate in reservoirs trapped by impermeable rock layers.
- The different types of hydrocarbon molecules and traps that can form reservoirs.
- The roles of reservoir engineers in evaluating fields, modeling reservoirs, and planning development to maximize oil and gas recovery.
Drilling technology has evolved considerably over the past 150 years. There are now over 650 mobile offshore drilling units worldwide that can drill in water depths over 12,000 feet. Different types of offshore drilling rigs include semi-submersibles and jack-up rigs anchored to the seafloor. Drilling operations involve careful planning to identify locations where hydrocarbons are likely to exist based on geological and geophysical data collection methods.
This document discusses directional drilling techniques and their applications. It begins by defining directional drilling as deflecting a wellbore in a specified direction to reach a target below the surface. It then lists several applications of directional drilling including drilling multiple wells from a single location, drilling in inaccessible locations, avoiding geological problems, sidetracking, relief well drilling, and horizontal drilling. The document also discusses directional drilling applications in mining, construction, and geothermal engineering. It provides details on well profiles, azimuth and quadrants, horizontal well types, and directional drilling assemblies for building angle and holding angle.
The document discusses different types of drilling rigs and factors for selecting a rig. It outlines various land and offshore rigs, including conventional land rigs, mobile land rigs, inland barge rigs, posted barge rigs, submersible rigs, fixed jacket rigs, and drill ships. Key factors for selecting a rig include the surface location, maximum hole depth, horsepower requirements, cost, and availability. Offshore rigs like submersible rigs can work in water depths from 18 to 70 feet, while drill ships are used for the deepest water depths of over 2500 meters.
Overview of Reservoir Simulation by Prem Dayal Saini
Reservoir simulation is the study of how fluids flow in a hydrocarbon reservoir when put under production conditions. The purpose is usually to predict the behavior of a reservoir to different production scenarios, or to increase the understanding of its geological properties by comparing known behavior to a simulation using different geological representations.
Petroleum engineers study the earth to find oil and gas reservoirs. They design equipment and processes to extract oil and gas efficiently and profitably. There are three major types of petroleum engineering: drilling engineers oversee drilling operations and well safety; production engineers study well characteristics and control production; and reservoir engineers design field development and determine how to recover the most resources. A bachelor's degree in petroleum engineering is required, which includes courses in math, science, and engineering, with a focus on subjects related to drilling, production, and reservoirs in the last two years. The objective of petroleum engineering is to supervise and manage oil field operations.
Drilling fluids are absolutely essential during the drilling process and considered the primary well control.
Know more now about such a very important component of the drilling process.
Course Description
The business of fuelling the world through hydrocarbon production must be carried out with optimum profitability. Participants will learn how sand production and inadvertent formation damage can erode these profits. Methods and procedures will be presented to guide the participants in decision making with regard to completing a well with optimum control of formation sand while incurring minimal damage to the well or production zone. Extensive theory will be presented illustrating why certain practices should either be employed or strictly avoided. The very latest in the use of forecasting methods, tools, techniques, and personal experiences will be presented.
By attending the 5 day training course, you will be able to:
Assess how rock will fail and how this analysis is used to determine the appropriate sand control method.
Interpret particle size distribution data.
Determine the appropriate sand control method when provided with appropriate reservoir and production data.
Select completion equipment and associated tooling for sand control (screens, gravels, work strings, barrier valves etc.)
Produce an outline installation procedure for the main types of sand control.
Troubleshoot sand control problems.
The document discusses acid fracturing, which involves injecting acid at pressures greater than the reservoir's fracture pressure. This connects the wellbore to the natural fracture system and improves production from low permeability reservoirs. Acid fracturing is mostly used in carbonate reservoirs, where fractures are initiated using a fracturing fluid pad followed by acid. Conductivity is achieved through etching of rock minerals on the fracture faces. Factors like fluid leak-off, reaction rate, and temperature affect the etched fracture length. Simulation tools can be used to design treatment schedules to optimize fracture conductivity and length based on reservoir properties and fluid characteristics. Acid fracturing faces challenges like fracture closure and requires proper additive selection. It is widely applied in deep, hard carbon
Porosity Permeability Relationship in carbonate rock pptAmar Gaikwad
A information about porosity and permeability in a carbonate rock. in which we studied the porosity measurement , carbonate rock ,permeability and correlation between them.
This document discusses various reservoir drive mechanisms used for oil recovery. It begins by defining reservoir drive mechanisms and categorizing recovery stages into primary, secondary, and tertiary. For primary recovery, the drive mechanisms described are solution gas drive, gas cap drive, water drive, and gravity drainage. Secondary recovery involves waterflooding and gasflooding to maintain pressure. Tertiary or EOR recovery discussed includes thermal methods using steam/hot fluids, chemical methods using polymers/surfactants, and miscible gas injection. Infill recovery occurs late in a reservoir's life through additional drilling.
WHY IS A RESERVES DEFINITION NEEDED?;
Classification Framework; Proven Reserves; Unproven reserves; Resources; RESERVES UNCERTAINTY CATEGORIES; PROJECT MATURITY SUB-CLASSES; PETROLEUM RESOURCES CLASSIFICATION BASED ON PROJECT STAGESOIL AND GAS PROJECT EVALUATION STAGES; OIL AND GAS PROJECT EVALUATION; PROJECT EVALUATION ; PROBABILITY OF SUCCESS (POSG)
1. Unconventional resources like shale gas and tight sands have low permeability and require techniques like hydraulic fracturing to produce commercially.
2. Shales can serve as both the source and reservoir for oil and gas, containing the hydrocarbons within their organic-rich matrix.
3. Characterizing shale reservoirs involves analyzing their depositional environment, thermal maturity, total organic carbon, porosity, permeability, and gas content to identify potential "sweet spots" for production.
Petroleum and natural gas were formed from the remains of ancient marine organisms. Over millions of years, plankton and algae accumulated on the ocean floor and were buried under layers of sediment. The organic material was converted into oil and gas through heat and pressure over geologic time. These hydrocarbons migrated upward until they were trapped underground in reservoirs within porous rock formations by impermeable caps such as shale. Natural gas is primarily methane and formed similarly through the thermal maturation of buried organic matter. It is found in conventional reservoirs as well as unconventional sources like shale.
This document discusses primary recovery processes for petroleum extraction. It describes the natural reservoir drive mechanisms that provide energy for initial hydrocarbon production, including solution-gas drive, gas-cap drive, water drive, and combination drives. The document estimates typical oil recovery factors during primary recovery range from 5-30% for solution-gas drives to 30-60% for water drives. Primary recovery relies solely on the natural energy present in the reservoir to produce oil and gas.
Oil 101 - A Free Introduction to Oil and Gas
Introduction to Oil and Gas Exploration
This brief overview of exploration includes segments on exploration processes, some historical perspective including an explanation of hydrocarbons, and finally we’ll discuss the ‘basin-play concept’.
There are 4 key steps to summarize the oil and gas exploration process:
First is understanding and evaluating the geologic setting, called a play,
Next is obtaining access to the potential reserves usually in the form of a lease.
The third step is determining where to drill and completing a successful discovery or “wildcat” well.
Finally, additional hydrocarbon reserves can be added to the portfolio of an oil company using guidelines set by the Society of Petroleum Engineers (SPE) and the US Securities and Exchange Commission (SEC).
Oil and gas is composed of compressed hydrocarbons. It was formed millions of years ago in a process that began when plant and animal remains were covered by very deep layers of sediment – minute particles of rock and minerals. With time, extreme pressure and high temperatures, these particles became a mix of both solid (coal) and liquid hydrocarbons. Even diamonds are a form of hydrocarbons.
Early oil discoveries were traced from natural hydrocarbon seeps at the surface. Many major fields of California, Oklahoma, Mexico, Iran, Iraq and Indonesia were related to surface hydrocarbon seeps.
This document discusses key principles of gas field development planning. It explains that gas properties like compressibility require a direct relationship between the reservoir, wells, pipelines, and consumers. Development considers the gas drive mechanism, well spacing patterns to optimize drainage areas, withdrawal rates based on pipeline capacity and demand, and economics involving recovery factors, costs, and productive lifetime. The compressorless and compressor periods of exploitation are also outlined.
What is tight reservoir?
To Understanding Tight Oil
Principle Types of Tight Reservoir; CHARACTERISTIC OF TIGHT RESERVOIR; FACTORS TO CONSIDER FOR TIGHT RESERVOIR; LOGGING IN TIGHT RESERVOIR;TECHNIQUES TO PRODUCE FROM TIGHT RESERVOIR; Light Tight Oil (LTO) Recovery; TIGHT OIL CHALLENGES; TIGHT OIL SOLUTIONS; WORLD ESTIMATE of TIGHT OIL
Offshore financial centre and international banks (ppt)akanksha007
Offshore financial centres specialize in providing corporate and commercial services to non-residents through offshore companies and investment funds. Panama and the Isle of Man are examples of offshore centres, with Panama having liberal tax laws and the Isle of Man exempting non-resident owned companies from income taxes. Leading international banks that operate in offshore centres include HSBC, Standard Chartered Bank, American Express Bank, and Deutsche Bank, providing services like loans, investment products, foreign exchange, and deposits globally.
The document discusses the environmental impacts of offshore oil drilling and oil spills. It describes the multi-step process of locating and drilling for offshore oil reserves, which includes seismic surveying that uses sound waves to map underground resources but can harm marine mammals. Offshore drilling produces toxic waste waters and cuttings that pollute the environment. Major oil spills like the Deepwater Horizon and Exxon Valdez disasters caused widespread damage to wildlife like birds, sea turtles, and marine mammals from oil coating and ingestion. Oil pollution has long-lasting impacts by persisting in the environment and disrupting food webs.
This document provides an overview of the oil and gas industry presented by Puput Aryanto Risanto. It discusses how oil and gas are used as energy sources and raw materials. The upstream, midstream, and downstream sectors of the industry are defined. Key aspects of exploration, appraisal, development and production processes in the upstream sector are outlined. The document also describes different contract types, typical organizational structures, economics over the lifecycle of oil and gas fields, characteristics of the industry, and careers working in oil and gas. Biographical information about the author's experience concludes the presentation.
This document provides an overview of petroleum engineering and related topics. It discusses:
- The definition and chemistry of hydrocarbons and how petroleum is formed from the remains of ancient organisms.
- How petroleum migrates and can accumulate in reservoirs trapped by impermeable rock layers.
- The different types of hydrocarbon molecules and traps that can form reservoirs.
- The roles of reservoir engineers in evaluating fields, modeling reservoirs, and planning development to maximize oil and gas recovery.
Drilling technology has evolved considerably over the past 150 years. There are now over 650 mobile offshore drilling units worldwide that can drill in water depths over 12,000 feet. Different types of offshore drilling rigs include semi-submersibles and jack-up rigs anchored to the seafloor. Drilling operations involve careful planning to identify locations where hydrocarbons are likely to exist based on geological and geophysical data collection methods.
This document discusses directional drilling techniques and their applications. It begins by defining directional drilling as deflecting a wellbore in a specified direction to reach a target below the surface. It then lists several applications of directional drilling including drilling multiple wells from a single location, drilling in inaccessible locations, avoiding geological problems, sidetracking, relief well drilling, and horizontal drilling. The document also discusses directional drilling applications in mining, construction, and geothermal engineering. It provides details on well profiles, azimuth and quadrants, horizontal well types, and directional drilling assemblies for building angle and holding angle.
The document discusses different types of drilling rigs and factors for selecting a rig. It outlines various land and offshore rigs, including conventional land rigs, mobile land rigs, inland barge rigs, posted barge rigs, submersible rigs, fixed jacket rigs, and drill ships. Key factors for selecting a rig include the surface location, maximum hole depth, horsepower requirements, cost, and availability. Offshore rigs like submersible rigs can work in water depths from 18 to 70 feet, while drill ships are used for the deepest water depths of over 2500 meters.
Overview of Reservoir Simulation by Prem Dayal Saini
Reservoir simulation is the study of how fluids flow in a hydrocarbon reservoir when put under production conditions. The purpose is usually to predict the behavior of a reservoir to different production scenarios, or to increase the understanding of its geological properties by comparing known behavior to a simulation using different geological representations.
Petroleum engineers study the earth to find oil and gas reservoirs. They design equipment and processes to extract oil and gas efficiently and profitably. There are three major types of petroleum engineering: drilling engineers oversee drilling operations and well safety; production engineers study well characteristics and control production; and reservoir engineers design field development and determine how to recover the most resources. A bachelor's degree in petroleum engineering is required, which includes courses in math, science, and engineering, with a focus on subjects related to drilling, production, and reservoirs in the last two years. The objective of petroleum engineering is to supervise and manage oil field operations.
Drilling fluids are absolutely essential during the drilling process and considered the primary well control.
Know more now about such a very important component of the drilling process.
Course Description
The business of fuelling the world through hydrocarbon production must be carried out with optimum profitability. Participants will learn how sand production and inadvertent formation damage can erode these profits. Methods and procedures will be presented to guide the participants in decision making with regard to completing a well with optimum control of formation sand while incurring minimal damage to the well or production zone. Extensive theory will be presented illustrating why certain practices should either be employed or strictly avoided. The very latest in the use of forecasting methods, tools, techniques, and personal experiences will be presented.
By attending the 5 day training course, you will be able to:
Assess how rock will fail and how this analysis is used to determine the appropriate sand control method.
Interpret particle size distribution data.
Determine the appropriate sand control method when provided with appropriate reservoir and production data.
Select completion equipment and associated tooling for sand control (screens, gravels, work strings, barrier valves etc.)
Produce an outline installation procedure for the main types of sand control.
Troubleshoot sand control problems.
The document discusses acid fracturing, which involves injecting acid at pressures greater than the reservoir's fracture pressure. This connects the wellbore to the natural fracture system and improves production from low permeability reservoirs. Acid fracturing is mostly used in carbonate reservoirs, where fractures are initiated using a fracturing fluid pad followed by acid. Conductivity is achieved through etching of rock minerals on the fracture faces. Factors like fluid leak-off, reaction rate, and temperature affect the etched fracture length. Simulation tools can be used to design treatment schedules to optimize fracture conductivity and length based on reservoir properties and fluid characteristics. Acid fracturing faces challenges like fracture closure and requires proper additive selection. It is widely applied in deep, hard carbon
Porosity Permeability Relationship in carbonate rock pptAmar Gaikwad
A information about porosity and permeability in a carbonate rock. in which we studied the porosity measurement , carbonate rock ,permeability and correlation between them.
This document discusses various reservoir drive mechanisms used for oil recovery. It begins by defining reservoir drive mechanisms and categorizing recovery stages into primary, secondary, and tertiary. For primary recovery, the drive mechanisms described are solution gas drive, gas cap drive, water drive, and gravity drainage. Secondary recovery involves waterflooding and gasflooding to maintain pressure. Tertiary or EOR recovery discussed includes thermal methods using steam/hot fluids, chemical methods using polymers/surfactants, and miscible gas injection. Infill recovery occurs late in a reservoir's life through additional drilling.
WHY IS A RESERVES DEFINITION NEEDED?;
Classification Framework; Proven Reserves; Unproven reserves; Resources; RESERVES UNCERTAINTY CATEGORIES; PROJECT MATURITY SUB-CLASSES; PETROLEUM RESOURCES CLASSIFICATION BASED ON PROJECT STAGESOIL AND GAS PROJECT EVALUATION STAGES; OIL AND GAS PROJECT EVALUATION; PROJECT EVALUATION ; PROBABILITY OF SUCCESS (POSG)
1. Unconventional resources like shale gas and tight sands have low permeability and require techniques like hydraulic fracturing to produce commercially.
2. Shales can serve as both the source and reservoir for oil and gas, containing the hydrocarbons within their organic-rich matrix.
3. Characterizing shale reservoirs involves analyzing their depositional environment, thermal maturity, total organic carbon, porosity, permeability, and gas content to identify potential "sweet spots" for production.
Petroleum and natural gas were formed from the remains of ancient marine organisms. Over millions of years, plankton and algae accumulated on the ocean floor and were buried under layers of sediment. The organic material was converted into oil and gas through heat and pressure over geologic time. These hydrocarbons migrated upward until they were trapped underground in reservoirs within porous rock formations by impermeable caps such as shale. Natural gas is primarily methane and formed similarly through the thermal maturation of buried organic matter. It is found in conventional reservoirs as well as unconventional sources like shale.
This document discusses primary recovery processes for petroleum extraction. It describes the natural reservoir drive mechanisms that provide energy for initial hydrocarbon production, including solution-gas drive, gas-cap drive, water drive, and combination drives. The document estimates typical oil recovery factors during primary recovery range from 5-30% for solution-gas drives to 30-60% for water drives. Primary recovery relies solely on the natural energy present in the reservoir to produce oil and gas.
Oil 101 - A Free Introduction to Oil and Gas
Introduction to Oil and Gas Exploration
This brief overview of exploration includes segments on exploration processes, some historical perspective including an explanation of hydrocarbons, and finally we’ll discuss the ‘basin-play concept’.
There are 4 key steps to summarize the oil and gas exploration process:
First is understanding and evaluating the geologic setting, called a play,
Next is obtaining access to the potential reserves usually in the form of a lease.
The third step is determining where to drill and completing a successful discovery or “wildcat” well.
Finally, additional hydrocarbon reserves can be added to the portfolio of an oil company using guidelines set by the Society of Petroleum Engineers (SPE) and the US Securities and Exchange Commission (SEC).
Oil and gas is composed of compressed hydrocarbons. It was formed millions of years ago in a process that began when plant and animal remains were covered by very deep layers of sediment – minute particles of rock and minerals. With time, extreme pressure and high temperatures, these particles became a mix of both solid (coal) and liquid hydrocarbons. Even diamonds are a form of hydrocarbons.
Early oil discoveries were traced from natural hydrocarbon seeps at the surface. Many major fields of California, Oklahoma, Mexico, Iran, Iraq and Indonesia were related to surface hydrocarbon seeps.
This document discusses key principles of gas field development planning. It explains that gas properties like compressibility require a direct relationship between the reservoir, wells, pipelines, and consumers. Development considers the gas drive mechanism, well spacing patterns to optimize drainage areas, withdrawal rates based on pipeline capacity and demand, and economics involving recovery factors, costs, and productive lifetime. The compressorless and compressor periods of exploitation are also outlined.
What is tight reservoir?
To Understanding Tight Oil
Principle Types of Tight Reservoir; CHARACTERISTIC OF TIGHT RESERVOIR; FACTORS TO CONSIDER FOR TIGHT RESERVOIR; LOGGING IN TIGHT RESERVOIR;TECHNIQUES TO PRODUCE FROM TIGHT RESERVOIR; Light Tight Oil (LTO) Recovery; TIGHT OIL CHALLENGES; TIGHT OIL SOLUTIONS; WORLD ESTIMATE of TIGHT OIL
Offshore financial centre and international banks (ppt)akanksha007
Offshore financial centres specialize in providing corporate and commercial services to non-residents through offshore companies and investment funds. Panama and the Isle of Man are examples of offshore centres, with Panama having liberal tax laws and the Isle of Man exempting non-resident owned companies from income taxes. Leading international banks that operate in offshore centres include HSBC, Standard Chartered Bank, American Express Bank, and Deutsche Bank, providing services like loans, investment products, foreign exchange, and deposits globally.
The document discusses the environmental impacts of offshore oil drilling and oil spills. It describes the multi-step process of locating and drilling for offshore oil reserves, which includes seismic surveying that uses sound waves to map underground resources but can harm marine mammals. Offshore drilling produces toxic waste waters and cuttings that pollute the environment. Major oil spills like the Deepwater Horizon and Exxon Valdez disasters caused widespread damage to wildlife like birds, sea turtles, and marine mammals from oil coating and ingestion. Oil pollution has long-lasting impacts by persisting in the environment and disrupting food webs.
The document discusses offshore banking. It describes how offshore banking began as a way for banks in certain jurisdictions to offer lower taxation and promises of anonymity to attract foreign depositors. It then outlines some of the key steps involved in setting up an offshore bank, including choosing a location with favorable tax policies and banking secrecy laws, and establishing an international business company or limited liability company. However, the document also notes that offshore banking has been associated with money laundering and that regulations have increased since 9/11 to improve transparency.
http://panama-repossessed-properties.com/how-about-offshore-banking/
How About Offshore Banking
Individuals may have a variety of reasons why they wish to bank offshore from their original homeland. So how about offshore banking for you? If you are retiring in a tropical paradise you may wish to bank offshore where you live. You may notice that the local currency, such as the Colombian peso, is rising in value versus the US dollar and want to bank your assets where they will grow instead of decrease in value. Or perhaps, setting up a business in a growing economy in Latin American or Asia appeals to you. Some nations have favorable tax laws and it may simply be a matter of looking for a legal tax haven in which to bank your hard earned dollars, pounds, Yen, or Euro. Or an offshore jurisdiction with a degree of privacy associated with bank accounts may be your goal. If you think that what you own is no one else’s business you may want to continue reading How about Offshore Banking.
Offshore Banking for Asset Privacy
In an increasingly international world many live or retire, do business, and do their banking offshore from their nation of origin. Reasons vary from person to person and are many. Individuals bank assets away from their country of origin to avoid being the target of frivolous lawsuits. They place their hard earned assets in tax advantaged offshore jurisdictions to legally protect what they worked so hard to earn. Many choose jurisdictions where corporate and banking laws shield the individual from unnecessary intrusions into their private lives. Many choose offshore to protect the privacy of their assets. Is this costly? Not really. If you deal with a reputable advisor you will find that there are many banking opportunities in many jurisdictions. You simply need to consider what your needs are and pick the most advantageous jurisdiction and bank.
Modern Offshore Banking
Having a bank account in foreign countries does not mean that you need to fly down to Panama every month to deposit your social security check or take out living expenses. As much as a trip to a place like Panama City might be enjoyable it is typically not necessary. A modern offshore bank will allow you to send and receive funds worldwide (SWIFT/BIC). You can carry a debit card which allows you to take money from a cash machine anywhere in the world. A well chosen bank will have an account manager who speaks your language and can help you with any details via email, a phone call, or Skype. If banking offshore and using your debit card as you travel the world appeals to you please continue reading our primer for offshore banking. Remember that you do not need to live where you bank. Pick the best jurisdiction for doing business, the best for living, and the best for travel. And pick the most advantageous for banking offshore.
A bank account in an offshore jurisdiction is often a very private.
Offshore banking was formally introduced to the Philippines in 1976 through the promulgation of Presidential Decree No. 1034 and 1035, which established the regulatory framework for offshore banking units (OBUs) and foreign currency deposit units (FCDUs). The Central Bank of the Philippines had previously issued related circulars in 1970 and 1972 to allow foreign currency deposits. OBUs are branches, subsidiaries, or affiliates of foreign banking corporations authorized to conduct offshore banking business involving foreign currency transactions with external sources. OBUs can lend and borrow in any currency except Philippine pesos, with interest rates as high as 20%.
This document provides an introduction to offshore oil rig structures. It describes the major systems of land-based oil rigs, including the power, mechanical, hoisting, and rotating equipment systems. It then discusses different types of offshore drilling platforms, including movable drilling units like drilling barges and semi-submersibles, as well as permanent structures like gravity-based platforms and jacket platforms. For jacket platforms specifically, it outlines the key components of the substructure and superstructure, describing how the steel jacket is anchored to the seafloor via driven piles and supports the topside production equipment. It provides advantages and disadvantages of different offshore platform types.
The document discusses oil and gas production and surface facilities. It begins with an introduction to the upstream, midstream, and downstream sectors of the oil and gas industry. It then covers well types at the production phase, including oil, gas, and water injection wells. It describes key wellhead components like the casing head, tubing head, Christmas tree, and safety control subsurface safety valve. It provides details on various artificial lift methods and their relative advantages and disadvantages. It concludes with descriptions of hook-up and flow line components used to transport oil and gas from wells.
Introduction into Oil and Gas Industry. OIL: Part 1Fidan Aliyeva
The document provides an introduction to the oil and gas industry, covering the following key points in 7 sentences or less:
Oil formed from the remains of ancient organisms over millions of years. It varies in composition and properties depending on its origin. Major oil producers and traders include OPEC countries, international oil majors, and national oil companies. OPEC coordinates policies to stabilize oil markets and ensure supply. While oil reserves could last over 40 years at current production rates, consumption is rising. Large price fluctuations can significantly impact oil-producing and consuming economies. The industry is working to increase capacity and ensure secure long-term oil supplies.
Introduction to offshore oil and gas surface facilities, including drilling rig types, topside and substructures, jacket, compliant tower, jack up, gravity based structure, fpso, fso, semi submersible, tlp, spar, wellhead platform, processing platform, pipeline, and surface facilities selection
This document provides an overview of offshore platform design, including the types of platforms, their key components, design considerations, and loads. The main types of platforms discussed are fixed structures like jacket platforms and compliant towers, and floating structures like tension leg platforms, semi-submersibles, and spars. Design involves considering environmental loads from waves, wind, earthquakes, and more, as well as structural analysis and ensuring stability.
OilSim is a simulation game that teaches about the oil and gas exploration process. Players take on the role of an exploration team with the goal of maximizing return on investment. The simulation involves bidding on exploration licenses, interpreting seismic data to find prospects, drilling exploration wells, testing any discoveries, and developing oil fields. Players must manage costs, risks, and environmental concerns at each stage of exploration.
O documento discute a evasão fiscal internacional e propõe um novo conceito. Ele argumenta que a evasão e elisão fiscal internacional envolvem a utilização de dois ou mais sistemas jurídicos para evitar tributos, resultando em perdas fiscais significativas para os Estados. O documento também discute a cooperação internacional na luta contra a evasão fiscal, incluindo o intercâmbio de informações tributárias e a cooperação judicial.
This document summarizes the history and key products in the Flash Platform by Adobe Systems. It describes the evolution of Flash from FutureSplash Animator to the current ActionScript 3.0. Key Flash products mentioned include Flash, Flex, Flash Media Server, and Flash Lite. Flash Video, Adobe Media Player, and Adobe Flash Media Server are also summarized. The timeline of ActionScript versions and details on Flash Lite are provided.
Upstream O&G Value Drivers - LinkedIn 2015 Nolan Grice
The document discusses challenges facing the oil and gas industry. It states that solely focusing on cost reductions is rarely an effective long-term strategy and that companies should instead carefully consider asset supply, market access logistics, and ensuring a long-term market presence without price wars. While oversupply and lower prices present challenges, the future is not entirely negative - producers just need strategies that adapt to the new reality.
Electrophilic aromatic substitution reactions allow functional groups to be added to aromatic compounds while preserving aromaticity. These reactions involve an electrophile attacking the pi electron system of an aromatic ring, forming a carbocation. The positive charge becomes delocalized across the ring, restoring aromaticity. Bromination of benzene is provided as an example, where bromine acts as the electrophile. The mechanism proceeds in five steps - generation of an electrophile, electrophilic attack, delocalization, proton loss, and regeneration of the catalyst.
INTRODUCTION TO OFFSHORE DRILLING AND PRODUCTION FACILITIESpetroEDGE
This 4 day (separately bookable) intensive training course will cover the details of drilling rigs and how they operate, especially for deepwater activities. Current drilling rigs are highly automated and efficient. These advances will be illustrated with animations and videos. The relationship between drilling and production will be explored with examples of current field developments
Lecture given at IDS on 11 March 2010 on the idea of a Tobin Tax. Includes analysiss of Robin Hood Tax campaign, evidence from previous tax models and idea of Inductance Tax.
The document provides information about an oil and gas simulation game. It describes challenges around finding sedimentary basins, bidding on exploration licenses, acquiring 3D seismic data, developing well plans, and designing production facilities. The goal is to maximize the net value of discovered oil and gas fields by making correct decisions that balance costs, production, the environment, and risk.
The document provides information about using an oil and gas simulation game to learn about the oil and gas industry. It describes various challenges in the simulation that involve exploring for oil and gas, including identifying sedimentary basins, acquiring seismic data, bidding on exploration licenses, drilling wells, and planning production facilities. The goal is to maximize the net value of discovered oil and gas fields while gaining experience in decision making, teamwork, and evaluating economic and environmental factors.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team tasked with discovering oil and gas reserves through licensing blocks, acquiring surveys, drilling wells, and managing finances. The goal is to maximize profit by finding hydrocarbons, developing any discoveries, and hedging risk through partnerships while balancing costs. Players must make strategic decisions around exploration, appraisal, development, and joint ventures to be successful.
The document provides instructions for an oil and gas exploration simulation game. Players take on the role of an exploration team tasked with finding and developing oil and gas reserves. Key aspects of the simulation include acquiring seismic data, identifying potential reserves, drilling exploration wells, calculating costs and revenues, partnering with other teams, and applying for additional funds. The ultimate goal is to maximize the net value of discovered hydrocarbons while managing costs and credibility points.
Opito petrochallenge 2010 offshore presentationMeghan Clark
The document provides an introduction to oil and gas exploration through a simulation game. It outlines the objectives to maximize return on investment and credibility points. It describes key steps like identifying sedimentary basins using surveys, bidding on licenses, partnering through farm-ins and farm-outs to spread risk, drilling exploration wells using appropriate rigs and service providers, and applying for additional funds. The goal is to discover and appraise hydrocarbon volumes through repeated exploration cycles to determine proven reserves.
This document provides information about an oil and gas exploration simulation game called PetroChallenge IPAA 2011. The simulation allows participants to take on the role of an exploration team with the goal of maximizing returns through various exploration and development activities. These include identifying sedimentary basins using surveys, bidding on licenses, acquiring partnerships through farm-ins and farm-outs, drilling exploration wells using various rigs and service providers, analyzing drilling results, and calculating field value. The game aims to enhance understanding of the full petroleum exploration and field development process.
Petro challengefinal 2010 ppt presentationMeghan Clark
The document provides information about an oil and gas exploration simulation game called International PetroChallenge2010. Players take on the role of an exploration team with the goal of maximizing financial returns through discovering and developing oil and gas reserves. The simulation involves multiple tasks such as identifying sedimentary basins using surveys, bidding on exploration licenses, partnering with other teams, drilling exploration wells, and calculating the value of any discovered resources. Players can learn about key aspects of the oil and gas industry through participating in the simulation.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
Offshore 3.4 presentation intro to explorationMeghan Clark
The document provides an introduction to an oil and gas exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil and gas fields. The challenges involve identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships by farming-in and farming-out license shares, drilling exploration wells using rigs and service providers, and calculating the value of any discovered resources. Players earn knowledge points based on their decisions that can be used to bid on future blocks and funding.
The document discusses various aspects of oil and gas exploration, including:
1) Finding sedimentary basins using magnetic and gravity surveys and submitting the coordinates of three basin centers.
2) Identifying the most promising oil and gas blocks and bidding on licenses to drill exploration wells.
3) Choosing corporate social responsibility projects to increase credibility points to improve chances of winning licenses.
4) Farming into other licenses by investing a percentage in exchange for a share of future revenues.
Offshore - Dubai -Introduction to ExplorationMeghan Clark
The team is given $200 million to explore for oil and gas in a new petroleum province through activities like acquiring surveys, locating sedimentary basins, bidding on blocks, drilling exploratory wells, and seeking partnerships. The goal is to maximize the net value of discovered hydrocarbons minus all costs. Knowledge points are earned for correct decisions and can be used to get funds or bid on better blocks in future licensing rounds. The document provides guidance on the exploration and field development process.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled to find oil and gas, with tests conducted to prove reserves. Additional funds can be applied for, with the goal of maximizing net value through exploration and development.
Offshore 3.4 presentation intro to explorationMeghan Clark
The team is tasked with exploring a new petroleum province with $200 million. They must locate sedimentary basins using magnetic and gravity surveys, identify promising blocks and bid on licenses. Partnerships can be formed through farm-ins and farm-outs to spread risk. Wells are drilled using rented rigs to find oil and gas reserves. Additional funds can be applied for by answering knowledge questions. The overall goal is to maximize the net value of discovered hydrocarbons minus costs.
The document provides instructions for participants in an oil and gas simulation game called OilSim. It outlines three main challenges: 1) finding sedimentary basins using magnetic and gravity surveys, 2) identifying and bidding on the most promising exploration blocks near a basin, and 3) reducing risk through partnerships while acquiring seismic data and drilling exploration/appraisal wells. The goal is to make economically viable hydrocarbon discoveries and maximize the net value of license blocks.
The document provides instructions for an oil exploration simulation game. Players take on the role of an exploration team with $200 million to discover and develop oil fields. The goal is to maximize net value from oil sales while minimizing costs. Players must locate promising sedimentary basins, acquire oil exploration licenses, conduct seismic surveys, drill exploratory wells, develop any oil discoveries, and carry out corporate social responsibility projects to earn credibility points to improve their chances of winning new licenses. Farming in and farming out partnerships allow players to share risks and costs with other teams.
The document discusses various aspects of oil exploration and production, including:
1) Teams are tasked with finding sedimentary basins using magnetic and gravity surveys to earn credibility points.
2) Teams then bid on blocks near identified basins and choose corporate social responsibility projects to increase points for license awards.
3) Licensed blocks can be farmout to acquire funding and farmin to other blocks to spread risk, with the goal of drilling exploration and appraisal wells to prove oil reserves.
The document provides instructions for an exploration team on their tasks in finding and drilling for new petroleum reserves. The team's objective is to maximize return on investment. They are given $50 million to start and can apply for more funds later. Teams explore areas, identify sedimentary basins using surveys, bid on exploration licenses, drill wells using rigs, and can partner with other teams to share risks and rewards. The goal is to discover oil and gas fields and achieve the highest profit relative to funds received.
The document provides information and instructions for an exploration team participating in an online oil and gas exploration simulation. It outlines the team's objectives to find reserves and maximize returns. It also describes various exploration activities the team can undertake like acquiring surveys, identifying basins, bidding on licenses, partnering with other teams, drilling wells, and testing for oil and gas discoveries. The goal is to make successful exploration decisions and have the highest return on investment compared to other participating teams.
Here are the key steps to apply for more funds in OilSim:
1. Click on the "Apply for More Funds" tab
2. Choose how much additional cash you want to apply for, up to a maximum of $200 million
3. Answer multiple choice questions about the OilSim simulation, with each correct answer worth 1 CP
4. Your CPs determine how much cash you receive and whether you keep the CPs:
- All correct answers gets full cash and you keep CPs
- One wrong answer gets full cash but you keep half CPs
- Two wrong answers gets half cash and you lose all CPs
- All wrong answers gets no cash and you lose all CPs
5
The exploration team must find oil reserves and maximize return on investment. They will study surveys to identify sedimentary basins, then bid on licenses for promising blocks. The team must also partner with others to share risks and costs by farming out a portion of their license or farming into other licenses. Finally, the team will need to choose a drilling rig to explore their block and begin assessing whether it contains oil.
The document provides an introduction to onshore petroleum exploration. It outlines the objectives of finding new reserves and maximizing return on investment. It discusses finances, credibility points, licenses, partnerships, seismic surveys, drilling, and applying for more funds. The overall goal is to learn about the exploration process through simulations and make critical decisions to increase value and return on investment.
Here are the key steps to follow based on the exploration results:
1. Reprocess seismic data for your discovery to better define the reservoir.
2. Drill at least one appraisal well into your largest discovery to determine if it can be commercially developed based on the size of recoverable reserves.
3. If the appraisal well looks promising, consider drilling a second appraisal well to further assess the field size.
4. Once you have a better understanding of the field size from appraisal drilling, evaluate if development costs can be recovered from future production revenues based on current oil/gas prices.
5. If the field is economically viable, proceed with field development planning. Otherwise, consider selling the license
This document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas resources. The tasks include locating sedimentary basins using surveys, bidding on exploration licenses, acquiring seismic data, drilling exploration and appraisal wells to evaluate discoveries, and developing field production plans to maximize resource recovery. The goal is to make economically viable decisions that consider costs, risks, environmental factors, and partnerships with other teams.
The document provides an overview of OilSim, a simulation for the oil and gas upstream value chain. It describes the learning objectives, challenges, and tasks involved in exploring for and developing oil and gas fields. The tasks include identifying sedimentary basins using surveys, bidding on exploration licenses, partnering to share risks and costs, 3D seismic analysis, exploration drilling, appraising discoveries, and developing field production plans. The goal is to maximize the net value of discoveries through correct decisions and efficient operations while gaining experience in the upstream process.
Updated op ex power-point 22nd march 2011Meghan Clark
This document provides an overview and agenda for a three-part learning simulation about the oil and gas industry called OilSim. The simulation uses a team-based challenge where participants take on the role of an exploration team tasked with finding and drilling for new oil reserves. It outlines the objectives to learn about exploration, drilling, partnerships, licensing rounds, and applying business strategies. The agenda includes challenges to find sedimentary basins, identify promising blocks, form partnerships, conduct drilling, and participate in additional licensing rounds. It describes the evaluation of teams based on return on investment and credibility points awarded for correct decisions.
The document provides an overview of an onshore oil and gas exploration simulation. Players take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The simulation involves completing challenges such as identifying sedimentary basins using surveys, bidding on exploration licenses, and partnering with other teams to share risks and costs. Players can earn credibility points for correct decisions which are considered when applying for funds or bidding on blocks. The goal is to learn about the key stages and decisions involved in onshore oil and gas exploration.
The document provides an overview of the tasks and objectives for an onshore oil and gas exploration simulation. Participants will take on the role of an exploration team tasked with finding and drilling for reserves to maximize return on investment. The challenges include identifying sedimentary basins using surveys, bidding on exploration licenses, acquiring partnerships through farm-ins and farm-outs, and selecting drilling rigs to explore blocks. The goal is to learn about the exploration process and industry while earning credibility points to demonstrate skills.
The document provides an overview of an onshore oil and gas exploration simulation game. It outlines the key challenges players will face, including finding sedimentary basins using surveys, bidding on exploration licenses, and partnering to spread drilling risks. It explains concepts like source rocks, traps, seismic data interpretation, and farm-in/farm-out agreements. The goal is to maximize return on investment through successful exploration efforts and credibility points reward good decisions.
The document provides an overview of the OilSim simulation game. Players take on the role of an exploration team tasked with finding and drilling for new oil reserves. The simulation involves 3 challenges: 1) locating sedimentary basins using surveys, 2) bidding on exploration licenses, and 3) partnering and drilling exploratory wells. It explains gameplay mechanics like available finances, knowledge points that reward correct decisions, and calculating return on investment. The goal is for players to learn about the oil and gas industry through practical experience in the simulation.
"Choosing proper type of scaling", Olena SyrotaFwdays
Imagine an IoT processing system that is already quite mature and production-ready and for which client coverage is growing and scaling and performance aspects are life and death questions. The system has Redis, MongoDB, and stream processing based on ksqldb. In this talk, firstly, we will analyze scaling approaches and then select the proper ones for our system.
FREE A4 Cyber Security Awareness Posters-Social Engineering part 3Data Hops
Free A4 downloadable and printable Cyber Security, Social Engineering Safety and security Training Posters . Promote security awareness in the home or workplace. Lock them Out From training providers datahops.com
HCL Notes and Domino License Cost Reduction in the World of DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-and-domino-license-cost-reduction-in-the-world-of-dlau/
The introduction of DLAU and the CCB & CCX licensing model caused quite a stir in the HCL community. As a Notes and Domino customer, you may have faced challenges with unexpected user counts and license costs. You probably have questions on how this new licensing approach works and how to benefit from it. Most importantly, you likely have budget constraints and want to save money where possible. Don’t worry, we can help with all of this!
We’ll show you how to fix common misconfigurations that cause higher-than-expected user counts, and how to identify accounts which you can deactivate to save money. There are also frequent patterns that can cause unnecessary cost, like using a person document instead of a mail-in for shared mailboxes. We’ll provide examples and solutions for those as well. And naturally we’ll explain the new licensing model.
Join HCL Ambassador Marc Thomas in this webinar with a special guest appearance from Franz Walder. It will give you the tools and know-how to stay on top of what is going on with Domino licensing. You will be able lower your cost through an optimized configuration and keep it low going forward.
These topics will be covered
- Reducing license cost by finding and fixing misconfigurations and superfluous accounts
- How do CCB and CCX licenses really work?
- Understanding the DLAU tool and how to best utilize it
- Tips for common problem areas, like team mailboxes, functional/test users, etc
- Practical examples and best practices to implement right away
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/how-axelera-ai-uses-digital-compute-in-memory-to-deliver-fast-and-energy-efficient-computer-vision-a-presentation-from-axelera-ai/
Bram Verhoef, Head of Machine Learning at Axelera AI, presents the “How Axelera AI Uses Digital Compute-in-memory to Deliver Fast and Energy-efficient Computer Vision” tutorial at the May 2024 Embedded Vision Summit.
As artificial intelligence inference transitions from cloud environments to edge locations, computer vision applications achieve heightened responsiveness, reliability and privacy. This migration, however, introduces the challenge of operating within the stringent confines of resource constraints typical at the edge, including small form factors, low energy budgets and diminished memory and computational capacities. Axelera AI addresses these challenges through an innovative approach of performing digital computations within memory itself. This technique facilitates the realization of high-performance, energy-efficient and cost-effective computer vision capabilities at the thin and thick edge, extending the frontier of what is achievable with current technologies.
In this presentation, Verhoef unveils his company’s pioneering chip technology and demonstrates its capacity to deliver exceptional frames-per-second performance across a range of standard computer vision networks typical of applications in security, surveillance and the industrial sector. This shows that advanced computer vision can be accessible and efficient, even at the very edge of our technological ecosystem.
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-EfficiencyScyllaDB
Freshworks creates AI-boosted business software that helps employees work more efficiently and effectively. Managing data across multiple RDBMS and NoSQL databases was already a challenge at their current scale. To prepare for 10X growth, they knew it was time to rethink their database strategy. Learn how they architected a solution that would simplify scaling while keeping costs under control.
Connector Corner: Seamlessly power UiPath Apps, GenAI with prebuilt connectorsDianaGray10
Join us to learn how UiPath Apps can directly and easily interact with prebuilt connectors via Integration Service--including Salesforce, ServiceNow, Open GenAI, and more.
The best part is you can achieve this without building a custom workflow! Say goodbye to the hassle of using separate automations to call APIs. By seamlessly integrating within App Studio, you can now easily streamline your workflow, while gaining direct access to our Connector Catalog of popular applications.
We’ll discuss and demo the benefits of UiPath Apps and connectors including:
Creating a compelling user experience for any software, without the limitations of APIs.
Accelerating the app creation process, saving time and effort
Enjoying high-performance CRUD (create, read, update, delete) operations, for
seamless data management.
Speakers:
Russell Alfeche, Technology Leader, RPA at qBotic and UiPath MVP
Charlie Greenberg, host
Introduction of Cybersecurity with OSS at Code Europe 2024Hiroshi SHIBATA
I develop the Ruby programming language, RubyGems, and Bundler, which are package managers for Ruby. Today, I will introduce how to enhance the security of your application using open-source software (OSS) examples from Ruby and RubyGems.
The first topic is CVE (Common Vulnerabilities and Exposures). I have published CVEs many times. But what exactly is a CVE? I'll provide a basic understanding of CVEs and explain how to detect and handle vulnerabilities in OSS.
Next, let's discuss package managers. Package managers play a critical role in the OSS ecosystem. I'll explain how to manage library dependencies in your application.
I'll share insights into how the Ruby and RubyGems core team works to keep our ecosystem safe. By the end of this talk, you'll have a better understanding of how to safeguard your code.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
Generating privacy-protected synthetic data using Secludy and MilvusZilliz
During this demo, the founders of Secludy will demonstrate how their system utilizes Milvus to store and manipulate embeddings for generating privacy-protected synthetic data. Their approach not only maintains the confidentiality of the original data but also enhances the utility and scalability of LLMs under privacy constraints. Attendees, including machine learning engineers, data scientists, and data managers, will witness first-hand how Secludy's integration with Milvus empowers organizations to harness the power of LLMs securely and efficiently.
Digital Marketing Trends in 2024 | Guide for Staying AheadWask
https://www.wask.co/ebooks/digital-marketing-trends-in-2024
Feeling lost in the digital marketing whirlwind of 2024? Technology is changing, consumer habits are evolving, and staying ahead of the curve feels like a never-ending pursuit. This e-book is your compass. Dive into actionable insights to handle the complexities of modern marketing. From hyper-personalization to the power of user-generated content, learn how to build long-term relationships with your audience and unlock the secrets to success in the ever-shifting digital landscape.
Dandelion Hashtable: beyond billion requests per second on a commodity serverAntonios Katsarakis
This slide deck presents DLHT, a concurrent in-memory hashtable. Despite efforts to optimize hashtables, that go as far as sacrificing core functionality, state-of-the-art designs still incur multiple memory accesses per request and block request processing in three cases. First, most hashtables block while waiting for data to be retrieved from memory. Second, open-addressing designs, which represent the current state-of-the-art, either cannot free index slots on deletes or must block all requests to do so. Third, index resizes block every request until all objects are copied to the new index. Defying folklore wisdom, DLHT forgoes open-addressing and adopts a fully-featured and memory-aware closed-addressing design based on bounded cache-line-chaining. This design offers lock-free index operations and deletes that free slots instantly, (2) completes most requests with a single memory access, (3) utilizes software prefetching to hide memory latencies, and (4) employs a novel non-blocking and parallel resizing. In a commodity server and a memory-resident workload, DLHT surpasses 1.6B requests per second and provides 3.5x (12x) the throughput of the state-of-the-art closed-addressing (open-addressing) resizable hashtable on Gets (Deletes).
In the realm of cybersecurity, offensive security practices act as a critical shield. By simulating real-world attacks in a controlled environment, these techniques expose vulnerabilities before malicious actors can exploit them. This proactive approach allows manufacturers to identify and fix weaknesses, significantly enhancing system security.
This presentation delves into the development of a system designed to mimic Galileo's Open Service signal using software-defined radio (SDR) technology. We'll begin with a foundational overview of both Global Navigation Satellite Systems (GNSS) and the intricacies of digital signal processing.
The presentation culminates in a live demonstration. We'll showcase the manipulation of Galileo's Open Service pilot signal, simulating an attack on various software and hardware systems. This practical demonstration serves to highlight the potential consequences of unaddressed vulnerabilities, emphasizing the importance of offensive security practices in safeguarding critical infrastructure.
5. Additional knowledge/skills Environmental issues Team work and negotiation Critical decision making, analytical skills, multi-tasking Learn through experience Economically viable volumes- reducing uncertainty Return on Investment Function appreciation
6. Money and Credibility You start with $700 millionYou can apply for more money later. Create valueMeasured by the net value of the oil and gas fields discovered MINUS all costs involved. Correct answers and sensible decisions are awarded with CPs
7. Oil and Gas Value Chain Complete Value Chain Upstream
10. Map Columns e.g C1, and C54, Rows e.g. R35 and R163, Block Blocks are divided into smaller cells e g. R1C1
11. First task Challenge: Find three sedimentary basins in the area. Basins are sedimentary rocks in the deep subsurface where oil and gas has been generated. Procedure: Buy and study magnetic and gravimetric surveys; and to submit the coordinates, column and row number for each basin centre.
12. Gravimetric surveys Gravimetric surveys show the gravity in the sub-surface. Measured by airborne sensors. Sedimentary rocks have lower densities than the surrounding crystalline rocks. Low gravitational pull means high probability of a basin below. Basins have a lower gravitational pull. Crystalline rocks have higher gravitational pull
14. Magnetic surveys Magnetic surveys show similar information as gravimetric surveys. The sedimentary rocks in the basins have a lower concentration of magnetic materials than the surrounding crystalline rocks. Sedimentary basins are the areas with the lowest magnetic field. Basins have low magnetic field Non-basins have high magnetic fields.
16. Centre may not be the same Example: Top basin on both maps Calculate the midpoint between the gravimetric and magnetic centres found = C55 and R105 C50 R100 C60 R110
19. Centre Midpoint calculation 3 centres – one Centre midpoint for each basin Example: C55, R105 Solve before deadline. All submissions are evaluated after the deadline (and not before). You may get 0-100 CPs. All three centres must be located to get full CPs.
21. Task 1 solved All teams have submitted their answers. Basin centres are located. Message in Inbox. All teams have answers and CPs awarded.
22. Task 2 license round Sedimentary basins may contain oil and gas The government has decided to put the blocks around one of the basins on offer Challenge: Identify the 3 most promising blocks and submit a bid to the Government for these licences
23. Source and migration 2. MIGRATION ROCK where hydrocarbons are driven through 3. CAP ROCK Impermeable rock that stops migration of hydrocarbons 1. SOURCE ROCK where organic material is put under sufficient pressure 4. PROSPECT
24.
25. Red areas You will not be awarded blocks that contain any red spots Blue areas Blocks in area may be awarded Spawning Grounds
26. Common Risk Segment CRS. Common Risk Segment surveys tell you about the probability of a structure in the block/cell containing oil or gas Surface Layer 3 Eocene 1500m below the seabed Layer 2 Paleocene 2500m below the seabed Layer 1 Cretaceous 3500m below the seabed
27. 2D Seismic surveys Traps can be found with seismic surveys 2D seismic survey is a cross section of the geological layers along either a column or a row 2D seismic surveys are used for locating prospects
28. 2D Seismic in OilSim Unprocessed Processed Red is top of the sealing rock Green is top of the reservoir rock Interpreted
33. Interpreted or notOnly buy maximum of 4 blocks of data at a time to speed up processing The yellow hatched area on map can be clicked on and dragged to blocks of interest
45. Task 2 solved Message sent to all teams with the results Credibility Points are given for prosperity of the blocks you bid for Every team has got one exploration license
46. Task 3 Exploration Drilling HQ is happy with the license awarded. Challenge: Farm-out minimum 20% from your license – and farm-in as much as you can in other good licenses. Acquire 3D Seismic interpretations for the block you operate, and study the results from the licensing round Get others to invest 20% or more in your license – you can show/send 3D seismic
49. Partnerships Spread the risk: e.g Investing in other blocks divides the risks amongst all partners, much more preferable than keeping 100% of one field and all the risk. Increase probability of profit: investment in only 1 field which could be a dry prospect is possible, whereas the likelihood of investing in 5 fields which are all dry is unlikely.
55. Farm-in license OWNER decides whether to ACCEPT or REJECT the offer Partnerships established every time a license owner accepts an offer. Overview: On the main page, you can see all licenses. 1) licenses you operate, 2) licenses you have invested in, and other licenses.
56. Farm-in All your farm-in offers to other teams are shown under “Investing” on the right-hand side of the homepage . This is where a team offers investments to other teams for a % of their blocks
57. Partnerships Partners pay a proportional share of all future costs Partners receive a proportional share of the net proceeds from oil and gas The operator team makes all decisions regarding drilling Teams can farm-out up to 70% of licence Operators must keep 30% of licence
58.
59. Choose Rig Choose the right rigs for your water depths Jack-up rigs for shallow waters Semi-submersible rigs for middle waters Drillships for the deepest waters Rig cost = drilling days * day rate
60. Service Providers Upto 9 Star quality- Good: normally costs more Bad: cheaper, but reliability is low, so you risk extra drilling time and extra costs
61. Environmental Impact Assessment EIA survey: more knowledge about the area. Less probability for drilling problems. Less severe consequences if you run into problems. = Which drilling locations to avoid.
62. Drill Position EIA: enviromental impact analysis shows where it will cost you more to drill. Place your mouse where to drill
73. Narrowing ranges Exploration well: 0 to 1572 MBOE (after drilling) 11 to 1266 MBOE (after testing) First appraisal well: 25 to 1033 MBOE (after drilling) 34 to 910 MBOE (after testing) Second appraisal well: 65 to 850 MBOE (after drilling) 101 to 752 MBOE (after testing) Only proven MBOE counts
74. Drilling Summary After your first drill in each well, reprocess seismic Decide which discoveries to drill how many appraisal wells into Ultimately, you should either: Get a positive net present value, Or a conclusion that additional appraisal wells will not result in a net present value
75. Apply For More Funds Click on Apply for More Funds Tab. 1 CP for each $100,000 applied for. Answer the questions: All correct gives cash and you can keep CPs. One wrong gives cash and you keep ½ of your CPs. Two wrong gives ½ cash and you lose all CPs. All wrong, you get no cash and lose all CPs. Expensive money if less than 10 Credit points: Apply for cash and be fined $5million for each $20million requested.
76.
77. Challenge Make a well plan for each reservoir in your block, choosing: Number of production wells Tubing size Aiming to choose a plan that maximises value of block Increased sales value Decreased drilling costs
78. Where to find the surveys Click the Surveys tab Nodal analysis Expected Production Profile
86. Improve value – revise well plan Submit plans with different number of wells and tubing sizes Review Reservoir information after each revised plan Aiming to maximize sales value and minimize drilling costs, whilst increasing Recovery Factor You can amend your well plans until the deadline Credibility points – upto 100 kp if plans are optimal for all your reservoirs After deadline – Value of Licence will be adjusted based on final Well Plan submitted
87.
88. Challenge Plan the facilities to produce the oil and gas that has been found in the block Maximize the value of the license block Maintain sales value Decrease facilities costs Reduce risk
95. Transport volumes Estimated no. of barrels can be transported per day Different flowline (riser) and pipeline sizes = Different no. of barrels Flowline size : Multiphase fluid from seabed to platform (acting as flowline and riser) Pipeline size : Oil and condensate to storage tanks Gas to processing plant
100. Challenge Plan the construction of facilities required to operate your platform Submit a financial summary of the plan Execute construction plan Minimize capital expenses Amend construction plan as issues occur Get to FIRST oil!
101. Activity hierarchy Where a solid line exists, the task below the line must be completed before starting the task above the line Choose only 1 activity – where a Dotted line
102. Vendor Resource analysis Considerations: Reach First Oil within 21 periods of 90 days – TOTAL 1890 days Time V. Cost Local Content
111. Recap PART A Activity Hierarchy Survey – study activity dependencies Vendor report - compare providers/local content Prepare construction plan Submit Planning Summary PART B Execute Plan - as many activities as possible within each period; provider for each activity CheckTimeline chart to see progress Reassess/alter providers as issues occur
115. Strategy discussions Financial consequences of your decision? Other major drivers of decision Did country strategy play a role? Above-ground risks? Changeable market conditions? Impact on commercial contracts? Operating agreements affected? Other information to consider?
Editor's Notes
Hydrocarbons – surveys to help find them Licensing roundsFarm-in and PartnershipsDrilling rigs and Sub-contractorsWell planning – transportation capacitiesFacilities – Platforms, flowlines and pipelinesConstruction – activities and timelineOperations – Issues, maintenance and OPEX
The long and bumpy road for oil from the underground to your tank, is called the oil and gas industry value chain.The value chain is divided further into these parts:Upstream is about getting the hydrocarbons up from the ground, and comprises of activities related to exploration, field development, construction, production and abandonment. By its nature, the exploration phase is common for both oil and gas, but soon afterwards, the oil and gas value chain will segregate into two parallel value chains.Midstream is about transportation and storage, as well as oil refining and gas processing.Downstream is about distribution and retail sales of gas, fuels and lubricants, plastics and other hydrocarbon derivatives to industrial and consumer markets.OilSim Exploration is all about the exploration part of the oil and gas industry. Exploration is about finding the hydrocarbons and proving that they are in sufficient quantities to start producing. OilSim Production is about actually taking the oil or gas out of the subsurface.
Since the CRS show the probabilities of prospects in only one particular horizon or layer, it is necessary to purchase the CRS for all 3 layers so that you can determine which area within the licensing area contains the highest probability of containing oil and gas. So on the CRS maps shown here the area circled in black on the OilSim map and each of the CRS shows that the area in question is within the licensing area and is green on all three CRS layers, indicating high probability of oil and gas on all 3 layers within the same area or blocks. Potentially an area that requires further investigation for individual prospects.
Hear the area between the reservoir and the sealant rock has been shaded in to show you whether you still have a seal at the fault or a gap where leakage could occur.
When reviewing a farm-out offer you can either accept the amount or % the license owner requests, or amend the amounts to your own offer. Add a message to the seller explaining why they should choose your team and press “Send offer”
Financing – Is where a team is able to accept offers, and therefore receive money or “finance” for a % of their own blocks When a team receives a Farm-In offer it appears under financing on the right hand side of the homepage
All your farm-in offers to other teams are shown under “Investing” on the right-hand side of the homepage . This is where a team offers investments to other teams for a % of their blocksRemember you must have farmed-out 20% of your own block before you can drill.
Before you begin to drill you need to know the water depth so that you choose the right type of rig. You can find this information by clicking on your block and scrolling to the bottom of the screen where a map of the whole block’s water depths are shown. By scrolling over each cell you can see the water depth for each particular cell.
The next task is to choose which rig to use to drill the exploration well, but you will need to know how deep the water is in the area you wish to drill, so check out the water depths under your block information.There are three types of rigs: jack-up rigs for shallow waters, semi-submersible rigs for middle waters and drillships for the deepest waters. The rigs have different costs per day, and the drilling days depend on how deep you drill into the subsurface and which service providers you chooseFew: limited number of rigs available.If you get one: start using it within 20 minutes.If you don’t: wait in a queue, if another team is using the rig.Price can change: rig day rates are dynamic.
Before you choose where to drill you should buy an Environmental Impact Assessment (EIA) survey to get more knowledge about the area. The benefit of an EIA survey is that you will be prepared for any environmental challenges you might encounter when drilling. With an EIA survey you will have lesser probability for drilling problems, and the extra costs will be less. Also, in the EIA survey you can see which drilling locations you should avoid. Some areas in your block are challenging to drill in. This can be because of strong currents, adverse conditions on the seabed or other local conditions. When you drill in those locations your costs go up 20%. You can see these locations in the EIA survey. You only have to buy one EIA survey for each license that you operate. You can find the EIA surveys under Surveys.
As this figure illustrates, you can drill through all three horizons in one well.You can even drill a deviated well, so that the position is not exactly the same in all horizons.The deviation can be 1 cell for each horizon.
To determine how long it will probably take to complete drilling, check out the “drilling Information” tab.
Inputting estimated cost of drilling gives you credibility points. You need to add all the costs of the rig and the service providers together and multiply this by the number of days you think it will take you to drill. The oil spill control is voluntary but costs 5% of the drilling amount per day but will earn you more knowledge points and cost you less to clear an oil spill if it happens.The oil spill control acts as a gas blow-out preventer too.
Cost $100000
When you have drilled the first well, you only have a small sample of the new-found oil or gas field. This is evident by the wide ranges of the area, thickness, quality, and volume variables. These wide ranges tell you that you actually do not know much about the field.After drilling and testing, your next step therefore is to drill another well – and test it. This is called an appraisal well.Normally it takes at least three or four wells into a field before the license block becomes economically viable.Sometimes it takes much more, and therefore you should not give up if the first wells into a field do not give any license value.However, you should give up if the upper boundaries of the field become so low that there is no chance that it becomes economically viable. This is often the case in deep-water blocks, where the CAPEX are very high.
Maximum amount of multiphase fluid in one year
Submit a plan for each reservoir.
Adding more wells to the reservoir will decrease the average flow rate per wellBecause any additional well will be in a less favourable location than the previous oneshave a drainage area that overlaps with a previous wellIn OilSim, the reduction is 2% for each additional well
Your task is to maximize the value compared to the money you receive from the parent company This measurement is also known as ROI, or Return On Investment.Reservoirs are so close so we treat them as one big field. You are a field development team in charge of a license blockYou have been asked to plan the facilities to produce the oil and gas that has been found in the blockYou have a number of surveys to guide youin OilSim relate to both the flowlines which transports the fluids to the seabed and the risers which then transport it to the Platform.
Metocean surveys- Can be bought under the Survey tab.For each survey there is a legend showing the probability of the environmental hazard occurring in a particular block. On the Earthquake survey, a turquoise blue indicates 1- a low probability and a reddish brown colour indicates 10 – a high probability of one occurring.So if you own block 606 – you can see on the Earthquake map that the likelihood of earthquakes is MEDIUM risk.You need to look at each survey and determine the risks of each type of hazard for your block. So that you can then select a platform that can cope with these hazards.
For exampleCompare the applied discount factors in these scenarios. If you think that your projected cashflow is spot on with a project you could have a discount factor of 0% with an expected value of licence of 189M in total over 35 year periodIf you thought there were some unknown factors that you had to consider, applying a discount factor annually of 5% to the expected production would lead to a reduced value of 118M.And if you felt that there was still a large number of unknowns to be considered, then the compounding of the annual discount factor of 20% each year, would greatly reduce the value of the licence to 48M.
Next, find the average water depth of your block by clicking on the Reservoir tab,Clicking the magnifying glass for the reservoir Then under the reservoir information the Block water depth is shown. Again, you need to know this to determine which platform would be suitable within your block.
Need to consider what capacities your platform, flowlines and pipelines are going to deal with, so you will need to determine the maximum amount of oil (or condensate), gas and water that could be produced. Examine the detailed production profileOil, Gas, Condensate, WaterLooking for maximum amount of production per dayIn an oil field- you will have Oil, gas and waterIn a gas field-you will have gas, condensate and water
Click on Facilities TabChoose your platformScroll down to Settings-update platform requirements for your reservoirAmend number and size of flowlineSelect both a pipeline for the Oil storage tanks and Gas Processing PlantUpdate diameters for each pipelineEnter number of platforms required – this number might be more than 1- if the maximum capacities are lower than that needed to transport your oil or gas.
Estimated rate – bbl/dFlowline (acts as the flowline and riser size for the total multiphase fluid (all oil/gas/condensate and water).So you need to add the maximum amounts to be produced together to work out which flowline to use. Water – either goes out to sea after cleaning or used for injection into the well.In our scenario, we have a subsea template that collects all multiphase to travel to production facility. Then the pipelines are used for the oil, condensate and gas, so you need to consider the oil types and gas separately to work out which size should be used to take oil and condensate to the storage tanks and the gas to the Flowline: Metal pipe that connects the top of the wellbore to the mud surface-treating equipment that connects the wellhead to a manifold or to production facilities, such as heater-treaters and separators.Riser: A pipe that extends from the drilling platform down to the seafloor. Drilling mud and cuttings from the borehole are returned to the surface through the riser.
Choose whether you need oil terminal and gas storage Might be more than one available to choose from, so check out costs and distance to the facilities.
Red dots indicate that the fluids cannot flow through flowlines and pipelines which current planYellow dots indicate that there is flow but that there are some constraints in the existing planGreen dots indicate that the current plan will allow the fluid to flow freely – might not be optimal plan though
This chart shows the activities, tasks, processes that need to occur in order to reach first oil.Starting at the bottom of the chart, a number of activities need to take place before you can move onto the next activity.For those activities with a dotted line attaching them to another activity – you have a choice-choose one out of the 3 optional activities available.Where there is a full straight line, then the activity has to be completed before moving on to the next step/activity.Scrolling over a possible activity will show you the estimated time it takes to complete a task, the capital and operational expenses in completing each task.
Once you have chosen the activity you need to complete, you have to decide on which provider, taking into account the CAPEX and OPEX involved as this will affect your value. Also, consider the timeframe, bearing in mind, you are trying to reach First Oil within 21 periods of 90 days i.e.. 1890 days.Consider time v. costConsider the inclusion of local contentResource analysis and try and reach First oil or gas within 5 years (20 quarters)
After reviewing the activity hierarchy and the possible resources. Submit a financial summary of your construction plan with:The anticipated capexThe expected amount of contentWhich period you think you will reach first oilAnd press submit/updateUse your printed materials to help you plan the project
For each period select a provider for each step that it is possible to complete in one period, bearing in mind that some activities cannot start until others are completed.Only pick those that can be started in this period.
After each period passes, there is an activity update under the Construction tab
On the right-hand side you can see the timeline for the project and whether you are on track for reaching First Oil before the end of the 21 periods.Each period of time is 90days and after each period of time there is an update to your activities to advise what has been accomplished, remains outstanding
At the end of all the 10 periods you will be advised if you have succeeded in achieving first oil and whether or not your company has attracted performance bonuses for your target CAPEX, local content amount and finishing on time.
We will give an Activity Hierarchy survey to teams that have purchased the survey
In this task you are producing your oil and gas and have to consider 3 scenarios that will affect your company’s strategy during the lifetime of your asset.
In each of these scenarios during the lifetime of your asset, you need to consider your company’s strategy and the market conditions presented in each scenario and decide which option would optimise your sales value.