Asia Pacific University Library catalogue

Includes bibliographical references and index.

Machine generated contents note: About the author Preface Acknowledgement Chapter 1 Optimization and Business Improvement Studies in Upstream Oil and Gas Industry: An Overview 1.1 Introduction 1.2 E&P Activities and Processes 1.3 Need for Optimization in Upstream Industry 1.4 Importance of Creativity and Data Usability for Business Performance Improvement 1.5 Overview of the Book Review Exercises Bibliography/References Useful Link Chapter 2 Optimize Productivity of Drilling Operations 2.1 Introduction 2.2 A Brief Note on Drilling Operation and Cost 2.3 Objectives 2.3.1Methodology 2.4 Key Observations and Findings 2.5 Human Factors 2.6 Organisational Factors 2.7 Technical Factors 2.8 Benefits and Savings Potential 2.9 Limitations of the Study and Scope for Further Work 2.10 Conclusion Review Exercises Bibliography / References Useful Links Chapter 3 A Diagnostic Approach to Optimize Controllable Rig Time Loss 3.1 Introduction 3.2 Rig Time Loss and Non-Productive Drilling Time 3.3 Objectives 3.4 Observations 3.5 Waiting on Materials (WoM) 3.6 Waiting on Decisions (WoD) 3.7 Waiting on Logging (WoL) 3.8 Equipment Repair Downtime 3.9 Other Shutdown 3.10 Waiting on Weather (WoW) 3.11 Conclusion and Scope for Improvement Review Exercises Bibliography/References Useful Links Chapter 4 Optimizing G&G Strategies for Deepwater Oil and Gas Exploration 4.1 Introduction 4.2 Objectives 4.3 Methodology 4.4 Optimization of G&G Evaluation Time in Deepwater Wells 4.5 Economics of Acquiring LWD for own deepwater rig 4.6 Improve Accuracy of Geological Predictions 4.7 Effect on Downhole Complications due to variation in Formation Pressure 4.8 Slippage in Well completion time of Deepwater wells 4.9 Influence of People's Factors on the Success of Deepwater Exploration 4.10 Benefits 4.11 Limitations of the Study and Scope for Improvement 4.12 Conclusion Review Exercises Bibliography/References Useful Links Chapter 5 Optimization of Offshore Supply Vessel Fleet Size using Queuing Theory 5.1 Introduction and Background of the Problem 5.2 Objectives 5.3 Waiting Line Model - a Brief Note 5.4 Formulation of the Model 5.5 Results 5.5.1 Recommendation 5.6 Limitations of the Model and Scope for further Work 5.7 Conclusion Review Exercises Bibliography/References Useful Links Appendices Chapter 6 Standardizing Consumption of HSD, Cement & Chemicals in Oil/Gas Wells and Rigs 6.1 Introduction 6.2 Objectives 6.3 Methodology 6.4 Standardization of HSD Consumption 6.5 Standardization of Oil Well Cement Consumption 6.6 Standardization of Chemicals Consumption 6.7. Benefits and Scope for Improvement 6.7.1 Scope for Improvement 6.8 Conclusions Review Exercises Bibliography/References Useful Links Appendix Chapter 7 Optimize Rig Move Time and Activity Schedule using Critical Path Analysis 7.1 Introduction 7.2 Objectives 7.3 A Brief Note on Network Analysis using PERT/CPM 7.4 Development of Network Analysis Model 7.5 Results and Discussions 7.6 Probability of Completion of Project on Time 7.7 Crashing of Activity and Project Completion Time 7.8 Suggestions 7.9 Limitations of the Study and Scope for further Work 7.10 Conclusions Review Exercises Bibliography/References Useful Links Appendices Chapter 8 Developing Uniform Standards for Emergency Alarm System and Indicators for Offshore Oil and Gas Installations 8.1 Introduction 8.2 Objectives 8.3 Methodology 8.4 Observations 8.5 Deep dive and Findings 8.6 Recommendations 8.7 Conclusions Review Exercises References and Useful Links Appendices Chapter 9 Optimizing Supply Chain Management System of an E&P Company 9.1 Introduction 9.2 The Evolution of Supply Chain Management 9.3 Objectives 9.4 Supply Chain Management System 9.5 Procurement Group 9.6 Materials Management Group 9.7 SCM Support Group 9.8 Benefits 9.9 The Scope for Further Work 9.10 Conclusions Review Exercises Bibliography/References Useful Links Chapter 10 Manpower Optimization: a Case Study on Strategic Workforce Planning 10.1 Introduction 10.2 Objectives 10.2.1 Approach 10.3 Manpower Planning and Optimization Process 10.4 Methods of Manpower Demand Forecasting 10.5 Other Key Issues in Manpower Planning 10.6 Introduction of Multi-skilling and Multi-disciplinary Approach 10.7 Rationalization of Disciplines, Trades and Categories 10.8 Manpower Optimization: a Case Study on Strategic Workforce Planning 10.9 Conclusion Review Exercises Bibliography/References Useful Links Appendices Chapter 11 Improve Organizational Efficiency through Business Process Simplification 11.1 Introduction 11.2 Objectives 11.2.1 Methodology 11.3 Differences between Business Process Simplification and Business Process Redesign/Reengineering 11.4 Identify Opportunities for Business Process Simplification 11.5 Business Process Simplification: Some real-life examples 11.6 Suggestions for Improvement 11.7 Scope for further Work 11.8 Conclusion Review Exercises Bibliography/References Useful Links Chapter 12 Optimization of Base Oil Price using Linear Programming 12.1 Introduction 12.2 Objectives 12.2.1 Methodology 12.3 A Brief Note on Linear Programming (LP) 12.4 Formulation of the Model 12.5 Model Calibration and Execution 12.6 Results 12.7 Limitations of the Model and Scope for further Work 12.8 Conclusions Review Exercises Bibliography/References Useful Links Appendices.

"Delves into the core and functional areas in the upstream oil and gas industry covering a wide range of operations and processes Oil and gas exploration and production (E&P) activities are costly, risky and technology-intensive. With the rise in global demand for oil and fast depletion of easy reserves, the search for oil is directed to more difficult areas – deepwater, arctic region, hostile terrains; and future production is expected to come from increasingly difficult reserves – deeper horizon, low quality crude. All these are making E&P activities even more challenging in terms of operations, technology, cost and risk. Therefore, it is necessary to use scarce resources judiciously and optimize strategies, cost and capital, and improve business performance in all spheres of E&P business. Optimization and Business Improvement Studies in Upstream Oil and Gas Industry contains eleven real-life optimization and business improvement studies that delve into the core E&P activities and functional areas covering a wide range of operations and processes. It uses various quantitative and qualitative techniques, such as Linear Programing, Queuing theory, Critical Path Analysis,  Economic analysis, Best Practices Benchmark, Business Process Simplification etc. to optimize Productivity of drilling operations Controllable rig time loss Deepwater exploration strategy Rig move time and activity schedule Offshore supply vessel fleet size Supply chain management system Strategic workforce and human resource productivity Base oil price for a country Standardize consumption of materials Develop uniform safety standards for offshore installations Improve organizational efficiency through business process simplification The book will be of immense interest to practicing managers, professionals and employees at all levels/ disciplines in oil and gas industry. It will also be useful to academicians, scholars, educational institutes, energy research institutes, and consultants dealing with oil and gas. The work can be used as a practical guide to upstream professionals and students in petroleum engineering programs"--

"Oil and gas exploration and production (E&P) activities are costly, risky and technology-intensive. With the rise in global demand for oil and fast depletion of easy reserves, the search for oil is directed to more difficult areas -- deepwater, arctic region, hostile terrains; and future production is expected to come from increasingly difficult reserves -- deeper horizon, low quality crude. All these are making E&P activities even more challenging in terms of operations, technology, cost and risk. Therefore, it is necessary to use scarce resources judiciously and optimize strategies, cost and capital, and improve business performance in all spheres of E&P business. The book contains eleven real-life optimization and business improvement studies that delve into the core E&P activities and functional areas covering a wide range of operations and processes. It uses various quantitative and qualitative techniques, such as Linear Programing, Queuing theory, Critical Path Analysis, Economic analysis, Best Practices Benchmark, Business Process Simplification etc. to optimize -- (a) Productivity of drilling operations (b) Controllable rig time loss (c) Deepwater exploration strategy (d) Rig move time and activity schedule (e) Offshore supply vessel fleet size (f) Supply chain management system (g) Strategic workforce and human resource productivity (h) Base oil price for a country (i) Standardize consumption of materials (j) Develop uniform safety standards for offshore installations (k) Improve organizational efficiency through business process simplification, which have potential of saving billions of dollars, besides enhancing organizational efficiency"--