... a subsurface isolation risk assessment tool that was tailored to their wells, their application conditions and the parameters that they measure. The types of static and dynamic parameters that this tool considers, including geologic, well design, construction and operational data, are also illustrated, as well...

.... Business risks are not being mapped. The importance of risks is established during the risk assessment phase and in an agreement between Internal Audit. Disagreement with the business management over the action plans leading to delays in implementation. Facilitates consensus with line management...

... defined the role of the Citizen Engineer, provided integrated case study analysis including technical and non-technical risk assessments, recommendations for sustainable development, and the feasibility of the financial business case. This academic and industry collaboration informed the SPE's growing...

... are responsible for safety in the field, supported by the HES staff in the drilling function. Although different from the HES focus, management of operational risks is included here. The risk assessment process is described further below. Headquarters Staff Group The headquarters staff group...

... If we have carried out operational risk assessments for all deviations and non-conformances on the facility, and we also know the potential barrier impairments introduced by planned work, we have a more complete view of all activity and risk and their potential impact on the asset's operational reality...

... Upstream Oil & Gas Health & Medicine risk assessment Artificial Intelligence US government light exposure accident sleep deprivation proactive fatigue countermeasure participant sleep quality grade sleep quality shift work schedule van dongen circadian misalignment intervention...

... calibration results. risk and uncertainty assessment Portfolio analysis new framework risk management portfolio optimization Upstream Oil & Gas Artificial Intelligence Project economics risk assessment mcvay calibration plot complete optimism disappointment complete pessimism...

... methods and also developing and implementing new ways of performing high risk hands on jobs. Ideas to improve hand hazards recognition through innovative risk assessment methodologies like video risk assessments and hand hazard picture books will further help to reinforce the hearts and mind effort...

... of existing practices on safety rules and initiatives. Based on open discussions, the participants mentioned the topics on the safety culture important to them. The three main topics were: (1) Risk assessment and management; (2) Exemplarity of management; (3) Accountability of individuals. The groups debated...

.... risk and uncertainty assessment strategic investment decision risk assessment simulation method risk management Downstream Oil & Gas crude economic limit analysis variability NPV raw material stress analysis total uncertainty sensitivity analysis Artificial Intelligence IRR Upstream...

... Abstract Reliability analysis has various applications in oil and gas processing facilities such as identifying the bottlenecks of the system, quantitative risk assessments, improving system availability and throughput capacity, and optimising maintenance strategies. Reliability performance...

... thought and testing. artificial intelligence upstream oil & gas spe paper risk management prioritization category risk and uncertainty assessment rms spe international conference matrix blowout consequence exploration risk matrix probability risk assessment pritchard...

... impact on the Asset due to process Major accidents Reputational risks costs: to manage potential impacts on reputation and negative perception of the public of the company risk assessment reputation risk and uncertainty assessment fatality risk cost operational safety frequency...

... application over time should improve probabilistic forecasts, resulting in improved company and industry performance. reservoir surveillance upstream oil & gas calibration result risk management reserves evaluation calibration engineer cost estimate production monitoring risk assessment...

... quantification of uncertainty allows identification of these superior projects. asset and portfolio management risk assessment selection risk management project valuation decision error artificial intelligence project economics quantification risk and uncertainty assessment upstream oil & gas...

... does not properly consider technical and process information. This paper describes an innovative risk screening methodology for evaluating hazards and establishing priorities for risk reduction, supported by dedicated software: B.A.R.T (BAseline Risk assessment Tool) represents a step change...

..., through the illustration of examples, proposes a residual risk handling process that combines qualitative risk assessment, psychology of risk taking and Monte Carlo simulation techniques. The process mainly applies to early phase project development and business case fruition process where large...

... of the phenomena are imparted in order to reinforce and refresh. This is intended to inculcate mitigative behaviors in the members of the geological community over the long term. geologic modeling geological modeling well logging reservoir simulation artificial intelligence risk assessment human...

... society of petroleum engineers separator efficiency risk and uncertainty assessment statistical analysis reservoir tank reservoir model gas production risk assessment sensitivity analysis software multiplier factor 0 stabilization asset cumulative gas production water production asset...

... and the organization's level of preparedness to deal with the future. Internal audit reports "complete the loop" between assurance of control in current operational plans and input to risk assessment for the strategic plan. RBA places an emphasis on risk-based internal audit reports rather than on traditional controls...