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Statistical concepts in risk analysis

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Proceedings Papers

Paper presented at the SPE Kuwait Oil & Gas Show and Conference, October 13–16, 2019
Paper Number: SPE-198024-MS
... of hidden information. The guidance was simple but has taken years to comprehend and complete. The process started by restructuring the entire risk register to suite the statistical analysis, using the approach suggested by N Taleb. The restructuring of the Risk Register steps are as follows: All...
Proceedings Papers

Paper presented at the The Fourteenth ISOPE Pacific/Asia Offshore Mechanics Symposium, November 22–25, 2020
Paper Number: ISOPE-P-20-212
... require mass data, and they neither reflect potential risks nor estimate the risk probability accurately. Collision risk analysis based on ship-domain concept provides a better approach than the statistical analysis using historical data. Research on this approach mainly focused on Distance to the Closest...
Proceedings Papers

Paper presented at the Offshore Technology Conference, August 16–19, 2021
Paper Number: OTC-30994-MS
... Concept Statistical Approach" is to steer away from the conventional way of targeting only sweet spots whilst leaving the remaining potential resources undeveloped. Based on the statistical analysis and subsurface fields pattern, the "Cone Concept Statistical Approach" in which standardizing well design...
Proceedings Papers

Paper presented at the International Petroleum Technology Conference, March 23–April 1, 2021
Paper Number: IPTC-21419-MS
... Concept Statistical Approach" is to steer away from the conventional way of targeting only sweet spots whilst leaving the remaining potential resources undeveloped. Based on the statistical analysis and subsurface fields pattern, the "Cone Concept Statistical Approach" in which standardizing well design...
Proceedings Papers

Paper presented at the International Petroleum Technology Conference, November 21–23, 2005
Paper Number: IPTC-10493-MS
... in the concept selection and concept definition phases of field development projects. Recently it has been further improved to be employed both in the evaluation stage, of a new discovery, and in the revamping of mature fields with production history. Introduction The Full Range Risk Analysis is aimed...
Proceedings Papers

Paper presented at the International Petroleum Technology Conference, December 7–9, 2009
Paper Number: IPTC-14069-MS
...) selection of appropriate range of subsurface scenarios which cover uncertainties and risks (5) a variety of manipulative tools which can help to implement subsurface concepts which cannot easily be addressed with geostatistics and (6) a threefold tactic ("self-criticism" - "supervision" - "peer review...
Proceedings Papers

Paper presented at the Abu Dhabi International Petroleum Exhibition & Conference, November 9–12, 2020
Paper Number: SPE-203360-MS
..., and if it is violated, it can feel annoyed. These employees strive to minimize risks, which is why they tend to double-check their actions and the actions of other people. Abstract The purpose of research is to perform a comparative analysis of psychological risks in professional activities of the oil and gas...
Proceedings Papers

Paper presented at the ISRM International Symposium - EUROCK 93, June 21–24, 1993
Paper Number: ISRM-EUROCK-1993-140
... 1 GENERAL CONCEPTS: This communication presents some ideas and topics concerning risk analysis and decision making in Rock Engineering. It comes from the author's contribution to Workshop W1 entitled "Uncertainty, reliability and risk". At large, all geotechnical related sciences...
Proceedings Papers

Paper presented at the SPE/AAPG/SEG Unconventional Resources Technology Conference, August 12–14, 2013
Paper Number: URTEC-1566286-MS
... as to testing the production statistics for anomalies. shale gas Thickness convergence thickness OGIP Anadarko Basin Reservoir Characterization complex reservoir risk characterization gross thickness composite play fairway map log analysis structural geology information woodford play fairway...
Proceedings Papers

Paper presented at the SPE Eastern Regional Meeting, September 6–10, 2003
Paper Number: SPE-84821-MS
... specialist knowledge from the user. 3. Export data to another application that contains decision and risk analysis functionalities and can statistically analyze results. For example, data can be exported to a spreadsheet application with risk and decision analysis add-ins. This may be appropriate for simple...
Proceedings Papers

Paper presented at the SNAME Maritime Convention, October 19–21, 2005
Paper Number: SNAME-SMC-2005-D42
... gas turbine(s) and one/two diesel electric installation(s). Twin skeg is one alternative propulsion solution for larger LNG ships. In this paper, operational analysis, manoeuvrability, risk assessment and performance of the LNG twin skeg concept will be discussed. liquified natural gas...
Proceedings Papers

Paper presented at the The Tenth International Offshore and Polar Engineering Conference, May 28–June 2, 2000
Paper Number: ISOPE-I-00-006
... analysis techniques to obtain optimum costs and schedules for the following five proposed MOB concepts: scenario mob construction utility value us government assembly upstream oil & gas risk management objective feasibility construction feasibility mob concept module risk area...
Journal Articles
OIJ 2021 (02): 22–25.
Paper Number: OIJ-2021-02-022-025-RU
Published: 01 February 2021
... number of treatments for one contractor, which increases the statistical probability of reaching the average success rate for the applied technology; the substantiation of the upper threshold for the average value of the success of the technologies of repair and insulation works is proposed. The concept...
Proceedings Papers

Paper presented at the SPE/IAEE Hydrocarbon Economics and Evaluation Symposium, May 17–18, 2016
Paper Number: SPE-179974-MS
... Virginia, USA . SPE-138987-MS . http://dx.doi.org/10.2118/138987-ms PetroWiki : 2015 Statistical concepts in Risk Analysis (16 July 2015 revision) http://petrowiki.org/statistical_concepts_in_risk_analysis ( accesses 16 January, 2016 ) Ali , T and S , James 2015 . Production...
Proceedings Papers

Paper presented at the Abu Dhabi International Petroleum Exhibition & Conference, November 7–10, 2016
Paper Number: SPE-183482-MS
... of Uncertainty and Variability. It is essential to differentiate the concepts of Variability and Uncertainty effectively from different types of risk analysis. The reason is that the slightest difference between them has a huge influence on the financial model. The influence is mainly observed in the three ways...
Proceedings Papers

Paper presented at the SPE Annual Technical Conference and Exhibition, September 24–26, 2018
Paper Number: SPE-195655-STU
..., the objective is to present an innovative workflow for risk and uncertainty analysis in basin modelling. By using already developed advanced statistics optimization approaches and combining it with a new parametrization procedure based on well-known geological concepts instead of independent variables, this new...
Proceedings Papers

Paper presented at the SPE International Conference on Health, Safety, and Environment, March 17–19, 2014
Paper Number: SPE-168486-MS
...; is it applicable to the prevention of Major Accident Hazards involving multiple deaths or major pollution of the environment? If so, how should the ALARP concept be applied? The difficulty arises as there is disconnect between the statistical analysis used to assess the risks, which is based on generalities...
Proceedings Papers

Paper presented at the ISRM 3rd Nordic Rock Mechanics Symposium - NRMS 2017, October 11–12, 2017
Paper Number: ISRM-NRMS-2017-023
... statistical tools because it always reports as a probability and it is necessary to have sufficient knowledge about the probability theory and statistics rules. Load forces and resistance of a system are two main part of the risk and reliability analysis. Moreover due to uncertainties in geotechnical...
Proceedings Papers

Paper presented at the SNAME Maritime Convention, November 8, 2013
Paper Number: SNAME-SMC-2013-T38
... reflect vessel operations. This paper will describe an alternative to traditional methods of determining ratings and configurations for electric power plants during vessel concept and preliminary design. This method uses statistical methods to calculate a range of possible power plant demand. Resulting...
Proceedings Papers

Paper presented at the The Twenty-first International Offshore and Polar Engineering Conference, June 19–24, 2011
Paper Number: ISOPE-I-11-232
... (1999). Practical nonparametric statistics, John Wiley & Sons, 584 pp. Conrow, EH (2003). Effective risk management: some keys to success, American Institute of Aeronautics and Astronautics, 526 pp. Conroy, G, and Soltan, H (1998). Conserv, a project specific risk management concept, International...

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