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DecomWorld interviewed Tom Leeson, principal consultant & well P&A manager for Reverse Engineering on his views of the impact of low oil prices on decommissioning and well plugging and abandonment. Leeson believes that now is actually a good time to embark on decommissioning campaigns and discusses the options available for the industry.Will bargain-basement oil bring forward P&A?Not right away, says P&A expert Tom Leeson, though now would be a very good time to start In December, hotel occupancy rates in Aberdeen dropped 4.5% compared to the same period in 2013, according to market analysts LJ Research. It’s just one of the knock-on effects of the fall in oil prices, with other, more obvious ones being the abrupt slowdown in drilling and near-dailyannouncements of new job cuts across the sector.Other effects are harder to predict. For instance, cheap oil makes many developments economically unfeasible, so operators will face business and legislative pressure to bring forwarddecommissioning and abandonment campaigns. Equally strong, however, will be the countervailing pressure to cut costs and delay any expenditure that doesn’t directly boost revenue. One expert in plug-and-abandonment (P&A) believes that now is actually a good time to embark on decommissioning campaigns.Tom Leeson, until recently Halliburton’s global well abandonment strategic business manager, and now principal consultant and well P&A manager with Reverse Engineering, says business logicsupports operators grasping the P&A nettle.“In cases where companies have put aside funds for decommissioning this could be a very good time to do the work because the unit rates for the rigs and services you need are going to fall,” hetold DecomWorld. “They’re falling already.”However, he is not surprised that a burst of P&A activity has not happened yet, not least because no one knows how long the period of bargain-basement energy will last.“What I expect to see is an increased focus on strategic planning and engineering because there are going to be more assets that fall into that anticipated window of retirement,” he said, “and that window seems to have got closer because of the drop in oil prices. But by the same token everybody is short on cash, and that will put a squeeze on executing non-revenue-generating activity. So I do not predict any explosion in activity in the short term.”Meanwhile, the cash squeeze highlights a dilemma facing the industry. The costs of decommissioning and P&A are notoriously hard to estimate, but generally acknowledged to be high. To bring them down requires the oilfield services sector to invest in research and innovation, but to date the sector has been reluctant to make this investment because operators, who naturally focus on exploration and production, put off P&A for as long as they possibly can.“Unless the service sector has got line of sight on both a volume of work and schedule of when it will happen, there will be a strong reluctance to spend the money on developing the technology or building the tools,” said Leeson. “What happens then is that the industry piecemeals the business and the tools never get built. The service companies do not get the opportunity to make money out of new and better services and the buyers don’t get the benefit of innovation, so nobody wins. So for me what’s exciting is how to try and get everybody together to come to the party and make it happen.“For instance, one of the things you really ought to do to get well abandonment costs down is eliminate the need to bring a drilling rig to the location. That doesn’t mean you need to compromisethe standards of the barrier you put in the well: it means you need to think differently about how you execute those barriers. For example, a traditional method might involve section milling, and,again traditionally, to undertake section milling, you really need a rig.“How could you do it differently? You could come up with something that doesn’t need the rig’s capability. You would need a downhole technology that is an alternative to section milling. Thereare some on the market and some are getting some traction with at least reasonable results, although some operators are not entirely happy and the tendency is to section mill because they’re notconfident that an adequate solution has been brought to the table yet.“Or you could come up with a unit that has some of the rig’s capabilities but that doesn’t look like a rig and doesn’t cost what a rig costs. Now the economics of that are tricky because you wouldn’thave the flexibility of deploying it into the drilling market when decommissioning work dries up. But it could be a cost-effective alternative to the rig, and also release more rigs to go and do whatthey’re designed to do, which is drill. But who is going to invest in designing and building a unit like that when you don’t know when the work is coming?”Unknown unknownsThere is anecdotal evidence that the costs of decommissioning and P&A tend to turn out higher than the original estimate. This is a generalisation, and there are exceptions, but in some cases the costs are significantly higher.The fact is, operators are only just beginning to grapple with this. In 2013 the Performance Forum, the group of global operators who share data and commission research, completed a piece ofunprecedented research into actual decommissioning costs in the North Sea. “This is the first time anyone’s actually gathered completed project data to be able to come up with real numbers,” saidAileen Jamieson, Performance Forum director and vice president of natural resources for consultant Turner & Townsend. The full results were not made public, but the exercise was deemed important enough for the group to embark on a similar study for P&A costs.According to another expert, poor integrity from the beginning of wells’ lifecycle and a lack of monitoring after they are shut in creates nasty, costly surprises when it comes to permanentabandonment. “Conditions always change,” said Dr. Liane Smith, director and founder of asset-integrity company Wood Group Intetech, in a 2014 interview with DecomWorld. “So the fluidsselected for suspending the wells originally may no longer be suitable. And yet, those wells might have been off the radar for operational monitoring for several years and nobody has any recordsabout their conditions.”Leeson invokes US defense secretary Donald Rumsfeld’s famous formulation about “unknown unknowns”.“The difficulty,” he said, “is if the cost overruns are caused by unknowns, how do you estimate for that? It takes time and a high level of attention to detail to get reasonable numbers.“In one case I know of an organisation used what they thought was an appropriate methodology to isolate and abandon multiple reservoirs, and when they’d finished there was still pressure on theannuli. Where was that coming from? Whatever method they’d used, it hadn’t worked, and in some cases we don’t really know why the method fails. You can’t get your hands on a well bore like you can on a structure on the seabed to examine what you have. There’s no choice but to do it again.”“Over the past couple of years operators around the world have become aware that decommissioning and abandoning wells are serious issues. Wells comprise anywhere from 30% to 60% of the total decommissioning cost, and it’s the area decommissioning managers feel most uncomfortable about because it’s the area of biggest uncertainty and potential for cost overruns. Is it a problem on people’s desks now? Yes. Definitely.”
400 Views no discussions Share Sharing is caring! Share LocalNewsPolitics Government hosts CREAD Consultation by: – November 29, 2018 Share Tweet Professor Avinash Persaud, Principal architect of the Climate Resilient Execution Agency for Dominica and member of the CREAD’s Transition CommitteeThe Government of Dominica hosted a consultation on the Climate Resilience Executing Agency of Dominica (CREAD) Bill 2018, at the Goodwill Parish Hall on Wednesday.The CREAD Bill 2018 will allow for the establishment of the Agency as Government moves ahead with its objective to make Dominica the World’s First Climate Resilient Country.Stake holder representatives from the public and private sector and civil society will attend the consultation and have the opportunity to review and discuss the draft legislation before it is taken to parliament.The objectives of the proposed bill are to promote the swift and cost-effective recovery of Dominica from climate-related disasters; to ensure that any physical and other infrastructure damaged or destroyed during a climate related disaster is reconstructed or restored to a state that is better than its state before the occurrence of that disaster; to ensure that Dominica will be more resilient to natural hazards and better able to respond to climate-related disasters; and to assist the public and private sectors and civil society to be better equipped to manage and recover from climate-related disasters.The Climate Resilience Execution Agency of Dominica (CREAD) was formed to assist in rebuilding Dominica following the passage of Hurricane Maria in September 2017.The Government will soon formalize the Agency through the enactment of the CREAD Bill 2018 in order to rebuild the island as the first climate resilient nation in the world in accordance with a Climate Resilience and Recovery Plan developed by the Commonwealth of Dominica and its partners.
CoronavirusFeaturedLocalNews NO APPROVED TREATMENT FOR COVID-19 – RUBY BLANC by: – September 2, 2020 Share Sharing is caring! 138 Views no discussions Tweet Share Share There is no approved treatment for COVID-19 at present.That’s according to the Hospital Medical Director, Dr. Ruby Blanc who also says there’s no single medication or single course of treatment that can safely be earmarked as the cure for the virus.She says however, what is being done by the health officials is to provide supportive treatment where patients remain well hydrated including the provision of intravenous fluids when necessary.“They’re given medications to combat the fever and pain, antibiotics, and for those of you who read a little bit of medicine, you may see that steroids, usually in the form of dexamethasone, has recently been shown to make a big difference in patients with COVID in terms of their recovery.”Dr. Blanc says persons with more severe conditions will be given an additional high-level medication.
Collins Aerospace Systems has recently demonstrated the increased flexibility and bandwidth of its new TruNet AR-2000 two-channel, software-defined networking airborne radio to members of the U.S. Department of Defense (DoD). The AR-2000 features dual internal power amplifiers that eliminate the need for external power amplification or external cooling. This reduces the size, weight, and power requirements for installation on target platforms such as tactical helicopters, Command and Control (C2) aircraft and larger unmanned aircraft. With a software-defined architecture, the AR-2000’s capabilities are mission adjustable through software reload. This design approach also allows the radio to adapt and grow with the changing threat environment by incorporating new waveforms as they emerge. The flexibility means the radio can support existing waveforms such as the Single Channel Ground and Airborne Radio System (SINCGARS), as well as address future requirements including networking. The demonstration of the AR-2000 provided simultaneous operation of two networks that connected both Collins Aerospace and other DoD inventory radios. One channel operated a multi-node networking waveform with shared voice, data, and video, while the second channel operated using the SINCGARS waveform.
He was on his way home when the accident happened around 10:40 a.m. on Sept. 11, the report stated. ILOILO City – He lost control of the motorcycle he was driving in Barangay Malayu-an, Ajuy, Iloilo, police said. Eugene Tupas, a village head of Barangay Bay-ang, Ajuy, sustained fatal injuries on the head, a police report showed. Tupas was rushed to the Barotac Viejo District Hospital but the attending physician pronounced him “dead on arrival.”/PN
sports personality, who is popular but is not that good in his chosen field, is currently embroiled in a controversy when he refused to recognize his twin children with a former girlfriend.A source told the Buzzer Beater that the sports personality’s relationship with his ex lasted for almost a year but it ended when the latter was four months pregnant to save his career.“Nangangamba kasi si sports personality na kapag lumabas na nakabuntis siya ay masira ang career niya kaya nakipaghiwalay siya dun sa ex-girlfriend niya,” said the source.“Nagmamahalan sila at umabot pa sila ng isang taon. Natapos lang iyong relasyon nila nung four months pregnant na si girl. Pinuntahan pa nga daw si girl ng magulang ni guy, binigyan ng panggatas para manahimik.”“A few years since then, tahimik namang napalaki ni girl ang kambal niya hanggang magkaroon sila ng komunikasyon kamakailan, Gusto raw sana makita ni guy yung anak niya.”“Naka-set na yung date pero hindi naman sumipot si lalaki. Tapos nung magkita sila sa isang party sinubukan ni girl na lapitan si guy pero hinarang siya nung mga kaibigan ni guy.”“Sa totoo lang, wala namang balak na maghabol si girl kasi kaya naman niyang buhayin yung anak niya sa trabaho niya ngayon. Kumpara sa propesyon ni guy, mas mapera si girl.”“Ang wish lang ni girl na sana huwag gawin ni guy dun sa karelasyon niya ngayon yung ginawa sa kanya. Unlike kay girl, kapag ginawa niya yun sa GF niya ngayon, tiyak aawayin siya ng mga netizens at babansagang stock in jerk.”****Kiefer Ravena does not mind the controversies hounding him as he is focused on regaining his strength for a much-awaited debut with the Alab Pilipinas in the 2017 Asean Basketball League (ABL).Alab head coach Mac Cuan said the former Ateneo Blue Eagles star is close to regaining his full strength and will be ready for their semifinals match against the Singapore Slingers on April 2.“Ang pinag tutuunan niya ng pansin ay ‘yung progress ng recovery niya so he could be ready for Game 1,” said Cuan on Ravena, who is recovering from a hand injury during his stint with the Mighty Sports in Dubai.The Iloilo City-native Ravena has been controversial lately when alleged private photos of his were leaked through social media. The suspect who allegedly blackmailed Ravena has been caught.Ravena, a two-time UAAP MVP, had earlier said that he is excited to play for Alab as it will be a chance for him to represent the country, which he failed to do after being cut from the Gilas Pilipinas last year.“Syempre yung focus ko nandito talaga sa paglalaro kasi matagal na rin ako nahinto,” said Ravena. “My focus is double, triple. Hindi ako pwedeng magpaapekto sa mga nangyayari.”“Sa akin naman, kailangan maayos ‘yung pag-handle ng lahat. Hindi ko masyadong iniisip ‘yan kasi lahat naman ‘yan speculations pa lang. For me, titignan ko na lang kung ano sunod na mangyayari,” he added.Aside from his contract with the Alab Pilipinas, Ravena is also currently under contract as a development player with the Texas Legends team in the NBA Developmental League./PN[/av_textblock][/av_one_full] [av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”][av_heading heading=’BUZZER BEATER | ‘Irresponsible dad’’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]By ADRIAN STEWART CO[/av_heading][av_textblock size=” font_color=’custom’ color=”]Sunday, April 2, 2017[/av_textblock][av_textblock size=” font_color=” color=”]
NCAA Invited Entries ListINDIANAPOLIS – The West Florida women’s swimming & diving team will send 14 student-athletes to next month’s NCAA Division II Championships, as released by the NCAA and USA Swimming on Wednesday. UWF has at least one entrant in 13 of the 14 individual races and three of the five relays. The nine swimmers to participate include Danica Burnett, Peggy de Villiers, Rebecca Halfast, Pia Hulley, Theresa Michalak, Sophia Oliva, Madeline Pitt, Gabrielle Spangenberg and Paulina Szydlo. All five UWF divers – Monica Amaral, Mariah Constantakos, Marissa Constantakos, Josie McKee and Meghan Zets – achieved qualifying scores to participate in the NCAA Diving Qualifier. Amaral, de Villiers, McKee, Pitt, Szydlo and Zets participated in the meet last year for the Argos, while Michalak swam in last year’s Division I meet when she was at Florida. UWF has nine times among the top 17 qualifiers in a number of events, including Michalak with the top seed time nationally in the 200 Individual Medley and the third-fastest time in the 100 Butterfly, while Szydlo has posted the fourth-fastest time in the 200 Breaststroke. A total of 138 swimmers and 45 divers from 38 teams will participate in the championships. The NCAA will conduct a diving qualifier in both the 1- and 3-meter springboard events on Tuesday, March 8. A total of 22 divers will advance from each qualifier to the national meet, which begins a day later and runs through Saturday, March 12 at the IU Natatorium in Indianapolis. The UWF swimming & diving program is in its third year of existence and has finished 23rd and 11th at the last two NCAA Championships. NCAA Division II Women’s Swimming & Diving EntriesTeams with the most swimmers & divers competing1. UCSD 162. WEST FLORIDA 14 Drury 14 Lindenwood 145. Queens 136. Wingate 117. Cal Baptist 10 Print Friendly Version
The history of the Carifta Games is liberally sprinkled with the names of young stars who later became champions at the highest level. That appeal has kept Sebastian Coe, the president of the International Associations of Athletics Federation, coming back to watch the meet year after year. Coe, the 1980 and 1984 Olympic 1500 metre champion, praised the meet at its 48th staging in Grand Cayman last weekend and said that it has emboldened him to do his job as head of the world governing body of athletics.Speaking on Monday, the final day of the Games, Coe reflected: “You know, the best bellwether of any sport is what’s happening in the development programmes, and quintessentially, Carifta is about the development of great, great athletes, and pretty much every athlete who has made it on to the global stage out of the Caribbean has graduated from the Carifta Games.” CARIFTA STANDOUTS The list of Carifta standouts includes Jamaicans Usain Bolt, Veronica Campbell-Brown, Omar McLeod, and Melaine Walker; Bahamians Tonique Williams-Darling, Avard Moncur, and Debbie Ferguson-McKenzie; the Grenadian Kirani James and Jehue Gordon; and Keshorn Walcott of Trinidad and Tobago. “They’ve all come through this,” Coe emphasised.He hopes that his visits will help him to spot the next flight of Caribbean stars.“I just love watching raw talent at the beginning of the journey, and the best audit of the health and vibrancy of any sport is what’s going behind the scenes and who are the young athletes who are going to fill those mighty footprints, and I leave the Carifta [Games] enlivened, emboldened to do my job,” said Coe.He had a word of encouragement for those worried about the future of the sport.“I think I have a privilege because I think I see it years before anyone else does, and I say to people when they say who’s going to follow Usain, who’s going to follow Asafa, and I say, ‘Get your butt to the Carifta Games and answer that question yourself’,” the former world record holder pronounced.Asked about concerns for a star who could pull fans into the sport as Bolt did, he sounded a confident note.“I’m never worried about that because if you were talking to me 20 years ago, 25 years ago, you’d probably be asking me the question, ‘What’s going to happen when Michael Johnson goes? What’s going to happen when Carl Lewis goes? What happens when Daley Thompson goes?’”After laying down that reference to that trio of repeat Olympic champions, he said simply, “We always find great, great athletes.”
THE OUTBREAK of the coronavirus has set back Veronica Campbell-Brown’s (‘VCB’) dream of participating in her sixth straight Olympic Games this year.However, the two-time Olympic 200m champion is not perturbed by the new challenges the virus has presented to the world, and is encouraging her supporters to also not give in to the pressure.In an Instagram post, Campbell-Brown said: “I just wanna give you a few words of encouragements. We are in an unprecedented time and we are faced with so many challenges, but in the midst of all the new things that we have to adapt to, I just want to remind you that you have the strength and the capacity to go through this phase and come out stronger on the other side. So stay motivated, stay positive, do not lose hope and know that this too shall past. Continue to follow the guidelines to keep yourself, your family and your community safe.” ICING ON THE CAKE Campbell-Brown, who made her Olympic debut in 2000 at the Sydney Games, where she helped Jamaica to a silver medal in the women’s 4x100m at the age of 18, said earlier this year that qualifying for the Tokyo Games would be the ‘icing on the cake’ for her long and illustrious career.“It would be the icing on the cake if I am able to run in my sixth Olympic Games, because I feel like I don’t have anything else to prove,” she said at the time.The former Vere Technical standout won back-to-back Olympic titles in the 200m at the Athens and Beijing Games in 2004 and 2008, respectively.She also anchored Jamaica to gold in the 4x100m at the Athens Games.After last month’s postponement of the Tokyo Games to 2021, the 38-year-old said on Instagram: “I want to encourage all my fellow athletes to keep their Olympic dreams alive and continue to prepare as best as possible, so when the time is right you will be ready to seize the opportunity to showcase your talent.”The Tokyo Games is now set for the July 23 to August 8, 2021.