Spotlight on R&D - JPT Article Series
Compilation of a series of articles published in the Journal of PetroleumTechnology between January 2004 and May 2005.
In 2002, SPE highlighted the importance of creating technology for oil andgas extraction through the formation of the R&D Advisory Committee. Thecommittee's aim is to foster the continuing development of petroleumengineering technology through collaborations of academia, industry, andgovernment groups worldwide. Included was the introduction of "performancemetrics" for this effort and the desire to ensure that the value—financialandotherwise—of R&D to the oil and gas industry receives much greaterattention.
A major impetus for the committee's activities has been the decline inresearch activity among major operating companies and the perception that thisdecline has not only decreased the direct research efforts of these companiesbut also reduced their participation in collaborative research activities withacademia, government laboratories, and private research companies.
The need for continued collaborative research efforts is clear, at leastfrom the academic side. For example, in the 2002-03 academic year, industryprovided about 42% of the total external funding at the U. of Texas Petroleumand Geosystems Engineering Dept. At the U. of Tulsa, industry funding duringthe same period accounted for 54% of external research funding. The continuinghealth of petroleum engineering departments and other research providersthroughout the world depends on such support from industry collaborators.
The R&D Advisory Committee chose to adddress the current state ofindustry R&D through a series of articles in JPT that highlight currentR&D activities under way in academia, in government laboratories, and inindustry. The articles also attempt to identify the areas of most pressingneed for future research.
These JPT articles, published between January 2004 and May 2005, focus onthe SPE technical disciplines of Drilling and Completions; Facilities andConstruction; Health, Safety, and Environment; Management and Information;Production and Operations; and Reservoir Description and Dynamics, with eacharticle written by recognized research leaders in these fields. The authorswere asked to present some recent success stories that show the value of newtechnology development and to predict the R&D needs of the future in theirareas.
A theme common to R&D endeavors in the six disciplines is an emphasis oneconomic benefit. Many of the successful R&D projects reviewed wererelatively short-term, with clearly identifiable economic returns resulting.The longer-term efforts described have less clear definition and higher risk,but with potential economic returns that are substantial enough to beattractive, even in light of the risks. R&D is an astute investment.
|File Size||1 MB||Number of Pages||23|