{"title":"Risk Management in the Development of Drilling Technological Projects","authors":"","doi":"10.46544/ams.v27i4.10","DOIUrl":null,"url":null,"abstract":"Recovery of hydrocarbon is an important aspect of the O&G industry, which has gained much importance in recent times. It can be achieved through a set of activities and decisions in which successfully drilling the oil/gas deposits is very important. Drilling is a critical step in the exploration process, and it has a high level of risk in terms of cost, timeline, safety, and project completion. The study focuses on identifying, evaluating and estimating unforeseen events that may occur during the drilling projects. The methodology acquired for this paper includes a thorough focus on the literature review which has been done. It consists of a model/theory related to risk management and the concept of risk management processes. A comprehensive project life cycle model with six stages has correlated with the drilling phases. Detailed risk management has been practised for an integrated risk portfolio for the development project. A generalized risk identification approach has been utilized to recognize possible threats. A qualitative risk assessment has been executed for the findings. Impact and probability benchmarks are categorized per the past historical well's performances and published data. Considering the importance of risk management for said projects, the study focused on the literature review that highlights the processes, procedures, and models for drilling risk management. Risks have been recognized through a rigorous and comprehensive risk identification process and have been evaluated with the qualitative risk assessment approach. The risk register for development drilling projects has been developed along with the risk matrix as per the defined criteria of risk impact and probability for drilling. Furthermore, a detailed risk breakdown structure has been formulated according to the general area categorization to enlighten the risks focused on each area of interest. Overall, the study will provide a value-added and detailed risk management approach for new ventures, which may be planned with the implementation of comprehensive drilling risks management.","PeriodicalId":50889,"journal":{"name":"Acta Montanistica Slovaca","volume":" ","pages":""},"PeriodicalIF":2.2000,"publicationDate":"2023-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Acta Montanistica Slovaca","FirstCategoryId":"89","ListUrlMain":"https://doi.org/10.46544/ams.v27i4.10","RegionNum":4,"RegionCategory":"地球科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"GEOSCIENCES, MULTIDISCIPLINARY","Score":null,"Total":0}
引用次数: 0
Abstract
Recovery of hydrocarbon is an important aspect of the O&G industry, which has gained much importance in recent times. It can be achieved through a set of activities and decisions in which successfully drilling the oil/gas deposits is very important. Drilling is a critical step in the exploration process, and it has a high level of risk in terms of cost, timeline, safety, and project completion. The study focuses on identifying, evaluating and estimating unforeseen events that may occur during the drilling projects. The methodology acquired for this paper includes a thorough focus on the literature review which has been done. It consists of a model/theory related to risk management and the concept of risk management processes. A comprehensive project life cycle model with six stages has correlated with the drilling phases. Detailed risk management has been practised for an integrated risk portfolio for the development project. A generalized risk identification approach has been utilized to recognize possible threats. A qualitative risk assessment has been executed for the findings. Impact and probability benchmarks are categorized per the past historical well's performances and published data. Considering the importance of risk management for said projects, the study focused on the literature review that highlights the processes, procedures, and models for drilling risk management. Risks have been recognized through a rigorous and comprehensive risk identification process and have been evaluated with the qualitative risk assessment approach. The risk register for development drilling projects has been developed along with the risk matrix as per the defined criteria of risk impact and probability for drilling. Furthermore, a detailed risk breakdown structure has been formulated according to the general area categorization to enlighten the risks focused on each area of interest. Overall, the study will provide a value-added and detailed risk management approach for new ventures, which may be planned with the implementation of comprehensive drilling risks management.
期刊介绍:
Acta Montanistica Slovaca publishes high quality articles on basic and applied research in the following fields:
geology and geological survey;
mining;
Earth resources;
underground engineering and geotechnics;
mining mechanization, mining transport, deep hole drilling;
ecotechnology and mineralurgy;
process control, automation and applied informatics in raw materials extraction, utilization and processing;
other similar fields.
Acta Montanistica Slovaca is the only scientific journal of this kind in Central, Eastern and South Eastern Europe.
The submitted manuscripts should contribute significantly to the international literature, even if the focus can be regional. Manuscripts should cite the extant and relevant international literature, should clearly state what the wider contribution is (e.g. a novel discovery, application of a new technique or methodology, application of an existing methodology to a new problem), and should discuss the importance of the work in the international context.