Showing posts with label Hydrocarbon. Show all posts
Showing posts with label Hydrocarbon. Show all posts

Friday, June 14, 2013

UK HSE report: Reportable hydrocarbon releases nearly halved over three years

Posted on 14 June 2013

The UK oil and gas industry has achieved a 48% reduction in the number of reportable hydrocarbon releases over three years, the annual Health & Safety report published on 13 June by Oil & Gas UK found. The study also showed that the oil and gas sector has the third-best performance in the UK in terms of non-fatal accidents, with a better safety record than the public sector and the retail and general manufacturing sector. “This year’s Health & Safety report shows that the industry’s unwavering commitment to continuous improvement in the safety of offshore workers is bearing fruit,” Oil & Gas UK’s health and safety director Robert Paterson said.

Other findings of the report included:

• A noticeable and steady reduction in the incidence of over-three day injuries to an all-time low;

• No fatalities and a reduction in combined fatal and major injury rates, and in all types of dangerous occurrences; and

• An all-time low in Level 3 verification non-compliances that relate to performance standards of safety-critical equipment identified by an independent competent person.

“In all this progress, our industry’s safety organization, Step Change in Safety, has played a leading role, and most of the improvement is down to the focused, collaborative effort of companies, workforce representatives, trade unions and the Health and Safety Executive in Step Change,” Mr Paterson said. “However, there is no room for complacency. While the review that followed the Piper Alpha disaster provided the foundation for what is now one of the most robust offshore health and safety regimes in the world, the approaching 25th anniversary of that tragedy only serves to remind us that we must never stop at striving to make things safer. Continued engagement of all parties through Step Change in Safety will be crucial in that effort.”


View the original article here

Thursday, March 22, 2012

Baker Hughes Adds Hydrocarbon Prediction Software to its Consulting Services

HOUSTON, TEXAS - May 5, 2011 - Baker Hughes (NYSE: BHI) announced today that it will integrate FaultSeal's FaultRisk™ software into its portfolio of reservoir consulting services. The Baker Hughes reservoir consulting group has worked with FaultRisk software developer FaultSeal for two years. In producing regions where its use has been calibrated, FaultRisk has provided a high level of accuracy in predrill studies to predict gas, water and oil/water contacts as well as associated hydrocarbon columns.


"FaultRisk improves the accuracy and utility of geomechanical pore pressure and fault leakage predictions," comments Dr. Chris Ward, vice president of reservoir consulting for Baker Hughes. "One of the key uncertainties for exploration drilling is the size of the hydrocarbon column that will be intersected by a well. Using FaultRisk, we can assess and manage that risk much more successfully in a timely and cost-effective manner."


When the hydrocarbon column is larger than expected, mud weight predictions may be inaccurate. Conversely, if the hydrocarbon column is smaller than expected, there are issues of formation damage for an accumulation that may be economically marginal. FaultRisk enables users to manage this scenario and its associated risks and costs. In addition, understanding where hydrocarbons are prior to drilling is vital for safe drilling and cost-effective well planning. During well planning, FaultRisk provides the added benefit of accurate fluid contacts prediction and, most important, sound assessment of the uncertainty.


FaultRisk adds robust capabilities to Baker Hughes' reservoir software portfolio. Baker Hughes also offers JewelSuite™ geomechanical modeling software and MFrac™ fracture simulation software.


"The addition of FaultRisk to our portfolio will give our clients a significant advantage when they are planning wells on a marginal, fault-bounded prospect or when they are designing step-out wells," Ward says. "With the support of experts at FaultSeal, we are rolling out the use of FaultRisk to our consultants worldwide."


About Baker Hughes
Baker Hughes provides reservoir consulting, drilling, formation evaluation, completions, pressure pumping, and production products and services to the worldwide oil and gas industry.


About FaultSeal
The FaultSeal team is an international group of professional geoscientists, IT specialists, and support staff dedicated to providing the best consulting and software tools to help analyze the impact of fault seal on a reservoir.


Media Relations: Kathy Shirley, +1.713.439.8135, kathy.shirley@bakerhughes.com
Investor Relations: Gary R. Flaharty, +1.713.439.8039, gflaharty@bakerhughes.com


View the original article here