The aforementioned imply the oil price will remain in a band governed by an upper limit - shale gas, and a lower limit - Middle East oil. Critically, this price band impacts strongly the producers and subsequently solution providers, with a particular view to deepwater operations, resulting in major delays and push out development times, for new discoveries.
However, when considering subsea tiebacks, it should still support an economically viable position in marginal and mature fields. Still, the industry as a whole has to navigate from current conditions. Therefore, our aim here is to technologically navigate practicable advances in this energy sector with a view to sustainable and viable operations.
Thus, this particular energy sector has to re-think its approach, if it is to weather the status-quo, and, lest we forget, the carbon footprint and the growing competitive technology march from renewables. This is where digitisation of the entire upstream-downstream process can lead to significant improvement in revenues, cash-flows, and operational excellence.
Critically, CFD-FEM has a huge role and opportunity to play in that system, in further alleviating CAPEX and OPEX economics, in attaining a balanced technology portfolio, and in leading to the rapid deployment of proven cutting-edge technologies from R&D to the operational environment.
Therefore, the seminar will focus on matters pertaining to recent advances in:
- Multi-phase Flows
- Subsea Operations
- Real-Time Simulations
- Risk Analysis and Safety
- Machine Design (tbc)
In addition, a round table discussion will take place on the afternoon of 21st, to discuss the delivery of an ERCOFTAC Bulletin – O&G Theme, Sep 2017.
Dr. Richard E. Seoud, ERCOFTAC
Dr. Per Kjellgren, Kongsberg OGT, Norway