Decommissioning Forecasting and Operating Cost Estimation

Decommissioning Forecasting and Operating Cost Estimation
Author: M.J. Kaiser
Publisher: Gulf Professional Publishing
Total Pages: 562
Release: 2019-04-12
Genre: Business & Economics
ISBN: 0128181141

The US Gulf of Mexico is one of the largest and most prolific offshore hydrocarbon basins in the world with thousands of structures installed in the region and tens of thousands of wells drilled. Over the past decade, a significant number of structures in shallow water have been decommissioned, as operators can no longer "kick the decommissioning can" down the road. This has opened up new markets and additional regulatory oversight with far-reaching implications. This book describes future decommissioning trends and issues and provides guidance for operator budgeting, regulatory oversight, and service sector companies interested in participating in the field. Decommissioning Forecasting and Operating Cost Estimation is the first of its kind textbook to develop models to forecast platform decommissioning in the Gulf of Mexico and to better understand the dynamics of offshore production cost. The book bridges the gap between modeling and technical knowledge to provide insight into the sector. Topics are presented in five parts covering fundamentals, structure inventories and well trends, decommissioning modeling, critical infrastructure issues, and operating cost estimation. Factor models and activity-based cost models in operating cost estimation conclude the discussion. Decommissioning Forecasting and Operating Cost Estimation helps oil and gas professionals navigate through this complex and challenging field providing an invaluable resource for academics, researchers, and professionals. The book will also serve government regulators, energy and environmental engineers, offshore managers, financial analyst, and others interested in this fascinating and dynamic industry. - In-depth economic, statistical, and systems analysis on Gulf of Mexico decommissioning activity - Balanced coverage of fundamental knowledge and advanced methods - Delivers data and results to understand infrastructure and activity trends - Numerous examples, worked-out problems, and real-world applications - Engineering, science, and market perspectives

The Offshore Pipeline Construction Industry

The Offshore Pipeline Construction Industry
Author: M.J. Kaiser
Publisher: Gulf Professional Publishing
Total Pages: 503
Release: 2020-04-08
Genre: Science
ISBN: 0128202904

The Offshore Pipeline Construction Industry: Activity Modeling and Cost Estimation in the United States Gulf of Mexico presents the latest technical concepts and economic calculations, helping engineers make better business decisions. The book covers flow assurance, development strategies on pipeline requirements and the construction service side with a global perspective. In addition, it focuses on one of the most underdeveloped, promising assets – the Gulf of Mexico. Pipeline construction and decommissioning estimation methods are examined with reliable data presented. A final section covers trends for oil, gas, bulk oil, bulk gas, service and umbilical pipelines for installation and decommissioning using correlation models. This book delivers a much-needed tool for the pipeline engineer to better understand the economical choices and alternatives to designing, constructing, and operating today's offshore pipelines. - Built with construction and decommissioning decision tools supported by reliable data and case studies - Organized by parts, including a section devoted to Gulf of Mexico statistics and estimation methods - Helps readers gain practical knowledge on strategies and cost models from a global pipeline perspective, including environmental and mitigation considerations

Risk Allocation and Distributive Justice in the Energy Industry

Risk Allocation and Distributive Justice in the Energy Industry
Author: Smith I Azubuike
Publisher: Edinburgh University Press
Total Pages: 236
Release: 2024-09-30
Genre: Biography & Autobiography
ISBN: 1399517732

Brings the concept of gross negligence to the fore and highlights how distributive justice forms a better foundation for risk allocation in the offshore energy industry Assessed the practice of risk allocation in gross negligence cases in offshore petroleum drilling contracts Presented a public policy perspective on risk allocation in offshore drilling contracts Discussed gross negligence as a sui generis risk and provides a definitional pathway for determining when gross negligence has occurred and how it should apply to offshore energy drilling contracts to encourage a pollution-free drilling operation Advanced the concept of distributive justice as a basis for risk allocation between participants when a downside arises due to gross negligence This book examines the practice of risk allocation in the offshore energy industry through the public policy lens and offers a novel perspective on the concept of gross negligence in risk allocation. This perspective is founded on the proportionality element of distributive justice in burden distribution. The assessment of how mutual indemnity clauses apply as an absolute shield against liability arising from gross negligence reveals that moral hazard can result from the practice. In the analysis, this book considers the risk allocation practice in PSC and Concession regimes and how parties' liability is determined in drilling contracts. This book considers gross negligence a sui generis risk and provides a definitional pathway for determining when gross negligence occurs and how it should apply to offshore drilling contracts. Thus, it advances an environmental sustainability approach to offshore petroleum drilling operations. This book will be useful to operators and contractors, resource-rich countries, insurance companies, practitioners, scholars, and academics interested in risk allocation in the petroleum industry.

Construction in 5D: Deconstruction, Digitalization, Disruption, Disaster, Development

Construction in 5D: Deconstruction, Digitalization, Disruption, Disaster, Development
Author: Theo C. Haupt
Publisher: Springer Nature
Total Pages: 507
Release: 2022-06-21
Genre: Technology & Engineering
ISBN: 303097748X

This book gathers the latest advances, innovations, and applications in built environment, as presented by international researchers at the 15th Built Environment Conference, held in Durban, South Africa, on September 27-28, 2021, and organized by the Association of Schools of Construction of Southern Africa (ASOCSA). The overarching theme of the conference was “Construction in 5D: Deconstruction, Digitalization, Disruption, Disaster, Development”, with contributions focusing on current trends, innovations, opportunities and challenges, policies and procedures, legislation and regulations, practices and case studies, in both the public and private sectors. The volume will contribute to the existing body of knowledge relative to the science and practice of construction not only in South Africa but wherever the products of construction are produced even in these new challenging times of fear and uncertainty.

Petroleum Refining

Petroleum Refining
Author: Mark J. Kaiser
Publisher: CRC Press
Total Pages: 686
Release: 2019-09-11
Genre: Science
ISBN: 1466563028

For four decades, Petroleum Refining has guided thousands of readers toward a reliable understanding of the field, and through the years has become the standard text in many schools and universities around the world offering petroleum refining classes, for self-study, training, and as a reference for industry professionals. The sixth edition of this perennial bestseller continues in the tradition set by Jim Gary as the most modern and authoritative guide in the field. Updated and expanded to reflect new technologies, methods, and topics, the book includes new discussion on the business and economics of refining, cost estimation and complexity, crude origins and properties, fuel specifications, and updates on technology, process units, and catalysts. The first half of the book is written for a general audience to introduce the primary economic and market characteristics of the industry and to describe the inputs and outputs of refining. Most of this material is new to this edition and can be read independently or in parallel with the rest of the text. In the second half of the book, a technical review of the main process units of a refinery is provided, beginning with distillation and covering each of the primary conversion and treatment processes. Much of this material was reorganized, updated, and rewritten with greater emphasis on reaction chemistry and the role of catalysis in applications. Petroleum Refining: Technology, Economics, and Markets is a book written for users, the practitioners of refining, and all those who want to learn more about the field.

Engineering Economics: Decisions and Solutions from Eurasian Perspective

Engineering Economics: Decisions and Solutions from Eurasian Perspective
Author: Svetlana Igorevna Ashmarina
Publisher: Springer Nature
Total Pages: 715
Release: 2020-07-17
Genre: Technology & Engineering
ISBN: 3030532771

This book presents the outcomes of the annual “Engineering Economics Week – 2020,” organized by the Russian Union of Industrialists and Entrepreneurs, the Institute of Management and the Institute of Market Problems of the Russian Academy of Sciences (RAS), the South-Russian State Polytechnic University and Samara State University of Economics, and held in online format in May 2020. Focusing on the following topics: - the globalized economy and Russian industrial enterprises: development specifics and international co-operation; - state support for the real sector of the economy; - decisions in production and project management in the context of the digital economy; - big data and big challenges in production networks and systems ; and - economic and social aspects of the innovation management: decision-making and control this book will appeal to scientists, teachers and students (bachelor’s, master’s and postgraduate) at higher education institutions, economists, specialists at research centers, managers of industrial enterprises, business professionals, and those at media centers, and development fund and consulting organizations.

Too Cheap to Meter

Too Cheap to Meter
Author: Steven Mark Cohn
Publisher: SUNY Press
Total Pages: 492
Release: 1997-10-02
Genre: Social Science
ISBN: 9780791433904

Uses concepts from social theory to explore the history and future of nuclear power in the U.S. and to explore the nature of technological change in the U.S. economy.