Features | Paper Review
Monday, 7th September 2020
One of the most vital tasks in the oil and gas industry is to minimize the failure of exploration by means of accumulating accurate and reliable data. This can be achieved by amassing comprehensive information about the types and volumes of the pre-existing hydrocarbons before embarking on drilling operations. Coming up dry can have huge financial implications and, in a time where strong profit margins are imperative, this data has never been so important.
Monday, 10th August 2020
To maximize profitability on Egypt’s exciting opportunities, efficient drilling operations are required. Drilling fluids area vital component of drilling efficiency. They fulfill several vital functions including controlling pressure, carrying cuttings and cooling bit and drill strings, and stabilizing wellbore as well as controlling fluid losses.Due to its substantial impact on operational efficiency, it comes as no surprise that drilling fluid technology is one of the most targeted and developed technologies worldwide.
Thursday, 9th July 2020
Due to the dynamic nature of the oil and gas industry, many factors force companies into signing agreements such as engineering, procurement, construction (EPC) contracts. Any delay or inefficiency in these contracts can have a devastating impact. Thus, ideal contract strategy is of paramount importance to avoid deviation from the project schedule or budget to reap the maximum benefit for companies. Unsurprisingly, contract strategy is at the forefront of oil and gas companies’ agenda.
Thursday, 11th June 2020
Cost efficiency has been at the forefront of the agenda of oil and gas companies since the 2008 oil crash and the subsequent reduction in profit margins. Since then, many firms have opted to cut their manpower to avoid high operational costs and also reduce capital expenditure (Capex). At present, with the COVID-19 pandemic, low oil prices are having an adverse impact on oil companies’ expansion, growth and profit margins. Historically, oil and gas firms that can keep their production costs low have been the winners. Thus, enhancing operational efficiency is of paramount importance and is both a simple yet very effective way of improving cost efficiency throughout the sector.
Sunday, 10th May 2020
In an industry where profit margins are becoming ever slimmer, innovation and technology is becoming in the heart of the oil and gas industry’s attempt to boost efficiency and buoy profits. Artificial intelligence (AI) helps the oil and gas companies in optimizing their production by identifying the areas of inefficiency and providing informed decision making.
Monday, 6th April 2020
Mineral exploration is the process undertaken by companies, partnerships or corporations to find commercially viable concentrations of minerals through mining. Satellites or reconnaissance aircraft play a significant role in aiding our understanding of mineral mapping due to their capability of detecting hydrothermal alteration minerals and of the sensing surface and subsurface fault zones.
Wednesday, 4th March 2020
Safe drilling is seen as a top priority in the exploration and production (E&P) activities of the oil and gas sector. Thus, having any abnormal formation pressure will directly influence drilling operations. Accordingly, ideal pore pressure and fracture modeling is highly required for wells’ planning and execution.
Sunday, 16th February 2020
For over 20 years, the national oil companies (NOCs) in the Egyptian oil and gas sector have been suffering from a high turnover rate, notably among experienced engineers. Having such a conundrum has made the Egyptian sector face numerous technical problems. A sample paper entitled Determinations of Engineers Turnover Working for National Oil and Gas Companies in Egypt, written by Abdallah Farahat from Agiba Petroleum Company in 2018, has shed light on this issue.
Sunday, 1st December 2019
Exploration and production (E&P) activities in the oil and gas industry have been witnessing major technological leaps since the early 1990s. These leaps were helped along by the increase in computer processing capacity and speed, and the availability of 3D visualization software. Both factors have allowed for large-scale data analysis, dynamic simulation, nodal analysis, and uncertainties assessments. Moreover, 3D seismic has led to the construction of more detailed geological models. However, after a long time of production, numerous oil fields become brownfields. Accordingly, the classic models applied to study the early-phase production in oil fields would not necessarily be successful in brownfields.
Monday, 4th November 2019
The level of maturity differs among organizations. Based on that, mature organizations do things orderly, while immature ones strive to accomplish things in that manner, but do not always succeed. That is why the maturity level of organizations contributes greatly in setting their goals, especially for process safety improvement. Thus, to measure an organization’s ability to achieve its goals, the company relies on Key Performance Indicators (KPIs). KPIs, in essence, assess vital monitoring based on risk control systems, which further affirm a company’s continued effectiveness.