Industry Trends/Issues Sample Clauses

Industry Trends/Issues. Cost per unit of oil produced from fields in the tail production phase is rising. Spending must be cut to avoid early shutdowns with the attendant loss of valuable resources. The idea is to reduce offshore staffing. All administration activities will be moved ashore, but all jobs which physically need to be done offshore will remain there. Specialist will work on land, so that they can share their expertise between several developments and spend less time on travel – in other words, become more effective. • E-operation requires new cooperation solutions, but the way these are implemented varies from company to company. They must identify for themselves what is to be their main business and what they can leave to others. E-operations mean a closer partnership between operator and contractor. The two sides collaborate in joint operations center or virtual space where they share information in real time. Some of the most important challenges for the petroleum industry in adopting e-operations are: o Willingness and ability to adopt o Mutual trust and understanding o Management commitment o Technological support When various disciplines need to work together to optimize oil and gas recovery from a field, a shared understanding of the issues will be important. • Integrated operations (IO) entail a new operations practice on the NCS. IO can help in managing activities regardless of geographical distance, e.g. between offshore and land. IO requires assistance from other sectors including the ICT sector. Operator can make better and faster decisions by using ICT solutions. These ICT solutions use real time data to integrate work processes across disciplines and between organizations. In 2003, OLF (the Norwegian Oil Industry Association) designated a working team to conduct study on IO. This team came up with following potential benefits from IO: o As much as 8-10 percent increase in production o Up to 4-5 percentage point increase in recovery rate o Up to 30 percent reduction in operating costs compared to today’s level. • Many sources of oil do not require new exploration. Rather, what is needed to improve technology to get it. By the time field is abandoned, only one third of the oil in place may have been produced, leaving two third behind. New computer-based technologies are now making it possible for the oil industry to get more out of the remaining. It is estimated that about 125 billion barrels of additional oil can be made available from existing fields ar...
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Related to Industry Trends/Issues

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  • Open Issues (a) Notwithstanding any provision of the Registry Agreement to the contrary (including Sections 7.6 and 7.7 thereof), Registry Operator agrees that the following requirements, procedures and provisions of the Registry Agreement (including the documents incorporated by reference therein) may be modified and amended by ICANN after the date hereof, without the consent of Registry Operator:

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  • CFR PART 200 Procurement of Recovered Materials A non-Federal entity that is a state agency or agency of a political subdivision of a state and its contractors must comply with section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act. The requirements of Section 6002 include procuring only items designated in guidelines of the Environmental Protection Agency (EPA) at 40 CFR part 247 that contain the highest percentage of recovered materials practicable, consistent with maintaining a satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the value of the quantity acquired during the preceding fiscal year exceeded $10,000; procuring solid waste management services in a manner that maximizes energy and resource recovery; and establishing an affirmative procurement program for procurement of recovered materials identified in the EPA guidelines. Does vendor certify that it is in compliance with the Solid Waste Disposal Act as described above? Yes

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  • Creative Commons Attribution-Non-Commercial-NoDerivs License The Creative Commons Attribution Non-Commercial-NoDerivs License (CC-BY-NC-ND) permits use, distribution and reproduction in any medium, provided the original work is properly cited, is not used for commercial purposes and no modifications or adaptations are made. (see below) Use by commercial "for-profit" organizations Use of Wiley Open Access articles for commercial, promotional, or marketing purposes requires further explicit permission from Wiley and will be subject to a fee. Further details can be found on Wiley Online Library xxxx://xxxxxxx.xxxxx.xxx/WileyCDA/Section/id-410895.html Other Terms and Conditions:

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