You have access to this full article to experience the outstanding content available to SPE members and JPT subscribers.
To ensure continued access to JPT's content, please Sign In, JOIN SPE, or Subscribe to JPT
This is not my first JPT editorial. In fact,it is more than 16 years since that was publishedsufficiently long ago that I initially put my invitation to write this piece down to an error. When it became clear that was not the case, I wondered what I should use this opportunity to say.
I had entirely forgotten what I had written about in February 2004. Reading that editorial again was slightly uncomfortable, and I found myself wincing at parts. Setting that discomfort aside, when I thought about when the piece was written, as much as what I had said, I was struck by the parallels and contrasts with the world that we live in today. That insight led me to test what I believe to be important for the oil and gas industry of tomorrow.
Compared to 2004 I am, broadly speaking, much the same; perhaps a little wiser. I still have a keen interest in (my words), or pointless obsession with (other peoples words), fonts, text editors, pre-1980s programming languages, and units of weights and measures. I could add more to this list, but I dont want to come across as too nerdy. While I have remained constant, at least in spirit, some things were profoundly different at the start of 2004.
US Oil Production Had Been in a Long Period of Decline. During 2003 the US produced around 5.6 million B/D of crude oil, including lease condensates. Production had been declining steadily from its peak in the mid-1980s. In my editorial I wrung my hands at the slow pace of uptake of methods to improve well productivity and drive down well costs. As far as the US was concerned, I neednt have worried: a productivity revolution was underway that would profoundly affect not only the shape of the US oil industry, but the supply/demand balance of the entire world. The factory drilling of highly stimulated horizontal wells took US crude production from 5 million B/D in 2008 to more than 12 million B/D by the end of last year.
Facebook Did Not Exist. Facebook was launched in February 2004. Gmail was announced in April the same year. Twitter was not a thing until 2006. In a world where something has become so pervasive, it is hard to imagine that the term social media had no meaning for most people in 2004. Today, social media is deeply entrenched in our working practices: it is central to the way that companies communicate with their employees and with the public; it provides the means by which we advertise and apply for jobs; people use WhatsApp groups to collaborate on projects because it is better than the tools provided by their employers. The impact upon our personal lives is perhaps even more dramatic. Although the positive influences of being hyperconnected should not be underestimateda point Ill come back to latercyber-bullying was no real cause for concern in 2004, nor was the impact of social media on major political events.
SARS-CoV Did Not Have a Number. By the end of 2003, the SARS epidemic had been reduced to a few sporadic outbreaks. The coronavirus genome that caused the disease had earlier been classified as SARS-CoV. Today it is known as SARS-CoV-1 and its baby brother, CoV2, is currently wreaking havoc across the world. At a time when the oil and gas industry was already wrestling with oversupply, COVID-19 has managed to destroy demand by an unprecedented level, and the oil and gas industry has been plunged into another downturn. I hear people using phrases like the coronavirus fog is lifting, but Im not so sureI think we have just adapted rather quickly to working in the fog.
Attitudes Toward Climate Change Were in a State of Flux. To be fair, attitudes today are hardly a consensus, but things were still very different in 2004. The Kyoto Protocol of 1997, which agreed on legally binding emissions cuts for industrialized nations, had still not been ratified. The oil and gas industry could largely carry on regardless, with the voices of climate change activists being too quiet or too far away to have any material impact. Today the global politics concerning climate change has, if anything, become more intense, but public opinion has shifted markedly. Irrespective of our individual views, the oil and gas industry is being forced to adapt by attitudes to climate change. Im not trying to make a political pointIm just stating the obvious.
I am writing this article in my house, looking out of the window into a sunny garden, under lockdown in the UK. I feel like Im in the eye of a storm, which has already battered the industry on its way through and will, no doubt, still do further damage. However, Im nothing if not persistent, and after more than 30 years of working in oilfield technology, Im not going to give up now.
I dont feel at all self-serving when I say that the application of technology will continue to transform the oil and gas industry. Nor am I embarrassed about using the tired clich that necessity is the mother of invention. Indeed, Ive watched as the past few months of lockdowns and travel bans have changed the way that people work.
The worlds information networks initially groaned under the strain of supporting so much video-calling, but that strain was shrugged off quickly. Microsoft reported that more than four billion minutes of Teams meetings happened in a single day in April, up from a previous record of 900 million minutes in mid-March. Although the effect on wellbeing of enforced isolation is a cause for concern, for some people the improvement in the quality of their working life has been a revelation.
On reflection, recent events have reinforced my opinion on what needs to be doneat least in the areas that my colleagues and I have any ability to influenceand optimism about that making a difference.
Reduce Footprint. Whether due to lack of bed space, travel restrictions, or the current need to remain socially distant, we need to use fewer people to do jobs at the wellsite. Indeed, we need to use less resources in general. The oil and gas industry is being forced to reduce its footprint, in all senses of the word, and that is a necessity that we should turn into a way of working. As the past few months have shown, technology has a clear role to play: better connectivity, better remote operations support, better data gathering leading to better answersits all doable.
Upgrade Existing Equipment Through Retrofitting. Our industry is characterized by huge amounts of capital equipment, much of it obsolete. In many cases, as a matter of policy, that equipment is serviced only by the original manufacturers who simply keep it functioning. We can do better than that.
We can improve our stewardship of brownfield assets, leaving much of the original equipment in place, by retrofitting new components that enhance performance, reduce inefficiency, and provide better diagnostics. Additive manufacturing will become increasingly important. Lumps of dumb iron can be replaced by printed structureswhere internal complexity reduces waste and costmade as required, rather than kept in overstocked warehouses.
The pace of change in this area is probably going to be limited not by technology, but by policy. It needs us to rethink the supply chain, bursting the misapprehension bubble that a policy of using original equipment manufacturers to service old equipment is the best way to ensure quality and reliability. It isntit increases cost and stifles innovation.
Prepare To Abandon. Nothing stands still; there is always some transition under way. However, the oil and gas industry is not going to suddenly die, no matter how much some people might think that it should. Indeed, it would be an environmental catastrophe if it did. As the world becomes increasingly electrified, the oil and (particularly) gas industry is going to play a key part in this transition.
Nevertheless, there is an enormous amount of infrastructure that will need to be decommissioned. The anticipated costs of that are currently eye-watering and need to be reduced without compromising the quality of the end result. There is great scope for innovation, such as new well-abandonment methods, and better pre-abandonment surveys that inform planning for final decommissioning. All of this should reduce the risk of unforeseen problems, which tend to cause abandonment costs to be heavily skewed toward significant budget overruns.
In closing, despite the current uncertainty and recognizing that this is a difficult time for many people, I believe there is much to be excited about. Im not worried about getting oldI plan to do it with great vigor. I think the oil and gas industry will do the same.
Go here to read the rest:
JPT That Was Then, This Is Now - Journal of Petroleum Technology
- A Real Life Hibernation Chamber is Being Made For Deep Space Travel - Futurism [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Humans to be FROZEN IN TIME for space travel as scientists move to COLONISE other planets - Express.co.uk [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Space flight changes astronauts' brains, research reveals - Fox News [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Space travel changes DNA, study finds - STLtoday.com [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Space travel visionaries solve the problem of interstellar slowdown ... - Science Daily [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Quantum Entanglement May Be Key To Long Distance Space Travel Ex Lockheed Exec Said It's Already Happening - Collective Evolution [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Is This Buzz Aldrin-Inspired Locomotive The Future Of Space Travel? - Forbes [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Celestial bodies: The Kelly twins offer a vital sign for space travel ... - Pittsburgh Post-Gazette [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Space travel visionaries solve the problem of interstellar slowdown at Alpha Centauri - Phys.Org [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Newspaper review: Heartthrob and space travel in Wednesday's papers - BBC News [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Another View: NASA's Twins Study offers vital sign for space travel - Press Herald [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Piece of tragic shuttle history gets a second chance at space travel - WQAD.com [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Meet Shawn Pandya, The Third Indian-Origin Woman To Space-Travel - Huffington Post India [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Shawna Pandya clears the air on rumours of space travel - Daily News & Analysis [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- The Expanse and Frankie Adams: Meet the Kiwi who's conquered space travel - Stuff.co.nz [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Did a CSU study find that space travel makes you younger? Not so ... - The Denver Post [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Twins study offers valuable data on space travel - Herald-Whig - - Herald-Whig [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- The Expanse and Frankie Adams: Meet the Kiwi who's conquered space travel - Waikato Times [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Kelly twins offer a vital sign for space travel - San Angelo Standard Times [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Lacoste delves into the world of space travel at New York Fashion Week as Baptista honours founder's lesser-known ... - Evening Standard [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- NASA's Irish Twins Study reveals first results of space travel on humans - IrishCentral [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Starbound to revamp space travel in future update - PC Gamer [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- How Does Long-Term Space Travel Affect Humans? - Voice of America [Last Updated On: February 13th, 2017] [Originally Added On: February 13th, 2017]
- A VR Company is Attempting to Make Holographic Videos for Space Travel - Mobile Magazine [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- Two-Time Space Traveling Astronaut to Speak at Black History ... - Patriots Point [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Make space travel great again: NASA, heeding Trump, may add astronauts to a test flight moon mission - National Post [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- In recently unearthed essay, Winston Churchill anticipated space travel and extraterrestrial life - The Providence Journal [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Twins in space: intergalactic travel could change DNA - The Student [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- An unearthed essay reveals Winston Churchill anticipated space travel and aliens - Stuff.co.nz [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Focus Friday: The necessity of space travel - The Daily Cougar [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- NASA announces $2m investment on technology advancement for deep space travel - WDSU New Orleans [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Focus Friday: The necessity of space travel - The Daily Cougar - The Daily Cougar [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Ask Ethan: How Can I Travel Through Space Without Getting Into Trouble? - Forbes [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Do You Have The Right Personality For Long-Term Space Travel ... - Seeker [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- In recently unearthed essay, Winston Churchill anticipated space travel and extraterrestrial life - Washington Post [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- UK bids to be world leader in Space travel by 2020 - Daily Star [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Know before you fly: privatized space travel - Observer Online [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- You could fly to SPACE from the UK within three years as plans are for space port are unveiled - The Sun [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Cosmic cinema: spurring interest in real-life space travel? - Miami Student [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Commercial space travel could be ready as early as 2020 - New York Post [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- This Finnish startup democratizes space travel and it just raised over 3 million to find the next 'Slumdog ... - Business Insider Nordic [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Commercial space travel WITHIN THREE YEARS on flights to launch from BRITAIN - Express.co.uk [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Katherine Johnson led African American efforts in space travel - Farm and Dairy [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Space travel is measured in light years, but what's a light year anyway? - MyStatesman.com [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- TRAPPIST-1: How Long Would It Take to Fly to 7-Planet System? - Space.com [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- NASA Looking for Bright Ideas to Help With Space Travel - Tech.Co [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]
- The history of space travel encapsulated - Fairfaxtimes.com [Last Updated On: February 25th, 2017] [Originally Added On: February 25th, 2017]
- SpaceX's reusable rockets make space travel much cheaper - The ... - CMU The Tartan Online [Last Updated On: February 27th, 2017] [Originally Added On: February 27th, 2017]
- Stars align for space travel at memorable Oscars ceremony - Siliconrepublic.com [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- FSU researcher to lead US-Russia project on health, space travel - Florida State News [Last Updated On: February 28th, 2017] [Originally Added On: February 28th, 2017]
- Crowding the cosmos: space travel turns private - The Student [Last Updated On: March 1st, 2017] [Originally Added On: March 1st, 2017]
- Forget SpaceX: 10 companies that will change space travel in 2017 & 2018 - Geektime [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Safe space travel: Protecting alien worlds from earthlings - and vice versa - Deutsche Welle [Last Updated On: March 2nd, 2017] [Originally Added On: March 2nd, 2017]
- Watch: 'Black Holes' A Satirical Comedy About Space Travel From Sundance 2017 - Konbini US [Last Updated On: March 3rd, 2017] [Originally Added On: March 3rd, 2017]
- Doctor Launches Vision Quest To Help Astronauts' Eyeballs - NPR [Last Updated On: March 4th, 2017] [Originally Added On: March 4th, 2017]
- Beyond Earth talking about space travel - Alaska Public Radio Network [Last Updated On: March 4th, 2017] [Originally Added On: March 4th, 2017]
- Would You Book A Flight To The Moon? - The Alternative Daily (blog) [Last Updated On: March 6th, 2017] [Originally Added On: March 6th, 2017]
- Colorado Likely To Benefit From Privatized Space Travel - CBS Local [Last Updated On: March 6th, 2017] [Originally Added On: March 6th, 2017]
- NEC develops reliable FPGAs for space travel - Electronics Weekly - Electronics Weekly [Last Updated On: March 8th, 2017] [Originally Added On: March 8th, 2017]
- 4 Entrepreneurs Changing the Way We Think About Space Travel - Tech.Co [Last Updated On: March 9th, 2017] [Originally Added On: March 9th, 2017]
- Why Space Travel Can Be Absolutely Disgusting - Live Science [Last Updated On: March 9th, 2017] [Originally Added On: March 9th, 2017]
- EDITORIAL: Exploring private space travel - Indiana Daily Student [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Harvard Scientists Theorize That Fast Radio Bursts Come From Alien Space Travel - Popular Mechanics [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Space Exploration: US congress approves $19.5 billion for NASA to get humans to Mars by 2033 - NTA News [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- MIT Conference To Focus On Space Travel For The Public - CBS Boston / WBZ [Last Updated On: March 11th, 2017] [Originally Added On: March 11th, 2017]
- Reusing rockets is best way to advance space travel, SpaceX officer tells symposium attendees - Colorado Springs Gazette [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- How space travel leads to cognitive shifts in awareness | Life and ... - The Guardian [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Cheap space travel, electric cars and a whirlwind love life love life... the billionaire genius inventing our future - Mirror.co.uk [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Reusable rockets key for space travel industry - Alamogordo Daily News [Last Updated On: April 8th, 2017] [Originally Added On: April 8th, 2017]
- Is this massive airplane the future of space travel? One billionaire thinks so. - SOFREP (press release) (subscription) [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- spotlight - NYCAviation [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- BBC commissions documentary about commercial space travel fronted by Brian Cox - Radio Times [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- The Physics of Interstellar Travel : Explorations in ... [Last Updated On: June 6th, 2017] [Originally Added On: June 6th, 2017]
- Mars rover scientist, SpaceX engineer join NASA astronaut corps - Reuters [Last Updated On: June 7th, 2017] [Originally Added On: June 7th, 2017]
- How SpaceX Launched a Chinese Experiment Into Space, Despite US Ban - Foreign Policy (blog) [Last Updated On: June 7th, 2017] [Originally Added On: June 7th, 2017]
- 'Blast Camp' gives students lessons on space travel - Fremont News Messenger [Last Updated On: June 7th, 2017] [Originally Added On: June 7th, 2017]
- IKEA looks to space travel for new micro-living furniture collection - Dezeen [Last Updated On: June 7th, 2017] [Originally Added On: June 7th, 2017]
- HPE's next frontier: Space travel & memory-driven computing - IT Brief Australia [Last Updated On: June 8th, 2017] [Originally Added On: June 8th, 2017]
- 20 Out-Of-This-World Companies Working On Space Travel Technologies - Interesting Engineering [Last Updated On: June 12th, 2017] [Originally Added On: June 12th, 2017]
- Here's how space travel is helping keep you healthy - Eyewitness News [Last Updated On: June 12th, 2017] [Originally Added On: June 12th, 2017]