WITSML In the Real World

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WITSML In the Real World

• Facing the necessity of remote operations

Jamey Webster Chief Executive Officer November 6,
2007
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Agenda

• Value and benefits of WITSML technology
• Global issues require remote solutions
• Safety
• Efficiency
• Economics
• How do we get there?
• Conclusions

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Value and benefits of WITSML

• Integration
• Past
• Integration through single service provider
• Did not allow for best in class technology
• Remote monitoring difficult
• Present
• WITSML allows for integration and best in class
  technology
• Remote monitoring with best in class technology
  is not only possible but should now be essential

4
Rigs and the U.N. General Assembly

• 192 countries represented in the U.N.
• 6 official languages
• Spoken
• 75 different languages interpreted
• 150 interpreters

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Global issues require remote solutions

• Why Remote?
• Safety
• Efficiency
• Economics

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Safety
Figure 1  Fatal and Major Injuries 1997/1998
2006/2007p     
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Helicopter statistics

• GOM
• 1997 2002
• 36 accidents
• 7 fatal
• 8 fatalities and 29 injuries
• UKCS
• 1976 2002
• 48 million passengers transported
• 7 fatal accidents
• 88 lives
• 42 non-fatal reportable accidents

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Global Conflict
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The field is a dangerous place to work!
Source Control Risk Group Risk Management
Solutions 2007
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Efficiency

• Enrollment in U.S. petroleum engineering programs
  in 2004 was 2,500, down from 12,000 in 1982
• as many as 40 of U.S. petroleum engineers
  currently employed will retire before 2014
• The average age of a petroleum engineer, who
  advises on the best way to develop hydrocarbon
  reservoirs, is 49 years.

Source "Experienced Oil And Gas Hands Become A
Scarce Commodity" Cattle Network (February 14,
2006)
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Economy
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How do we get there?

• Real World use of WITSML is happening now
• Operators must change their mindset on the
  value and benefits of remote operations
• - Does not require a multi-million dollar
  visualization center
• We must protect our people as strongly as we
  protect our data
• - Often remote monitoring is refused due to data
  security issues
• The reality of the world we live in both
  controllable and uncontrollable must be
  considered in the decision process

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Conclusions

• Remote monitoring and analysis of wells is a
  reality
• Made possible and cost effective by WITSML
• Remote monitoring can help us mitigate risks
• Economic
• Political
• Safety