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tech4people
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Supply Network Guru
Re: Technology
tech4people   6/19/2013 2:23:35 PM
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Clairvoyant,

Good for you!

Unfortunately most Consumers out there are not as Aware or as caring about the Environment as you are.

For them I have only one Answer/Solution.

The Cure for Excess Demand  & Limited Supply is High Prices.

Eventually Prices reach a point where Consumers start caring about how much Oil do they really consume.

That's the only way to deal with this situation unfortunately today.

Adeniji Kayode
User Rank
Production Synthesizer
Re: Technology
Adeniji Kayode   5/25/2013 4:55:17 PM
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@Clairvoyant,

While you msy be right on that, I just feel we are yet to find a suitable and stable alternative for the unstable(In price) fuel energy.

If the price of oil keeps rising, then that means there is still much demand for it.

Clairvoyant
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Supply Network Guru
Re: Technology
Clairvoyant   5/24/2013 1:17:56 PM
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Tech4people, I am just stating reality. The world currently has too much of a demand on oil, and once we run out (which will happen), we will have some very big problems to deal with. I personally try to conserve fuel and energy, and hope that other people will too. I don't drive an SUV, I have a hybrid sedan!

pocharle
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Supply Network Guru
Re: Technology
pocharle   5/24/2013 9:19:34 AM
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Change is painful. Even in areas where the failure to change is even more painful. People get accustomed to their day-to-day struggles and just keep on struggling.

tech4people
User Rank
Supply Network Guru
Re:
tech4people   5/24/2013 8:54:22 AM
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Mark,

I know that the Shale gas Industry consumes a Gignatic Amount of Steel Today(for the Drill heads);do you see any new Technology on the Horizon which can reduce the amount of Steel consumed here?

Thanks Again for sharing your experience with us!

Regards

Ashish.

tech4people
User Rank
Supply Network Guru
Re: Technology
tech4people   5/24/2013 8:48:35 AM
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Clairvoyant,

Most of us want to Drive our SUVs right?

What else can you expect but Demand for Oil to keep Going Up,UP and AWAY!!!

I still don't see too many consumers Saving Fuel In Areas where its Cheap(or relatively Low Taxed).

Its only in Regions where Taxes are insanely High(Like California,New York,the UK,Europe,India) does one see consumers aggressively try out alternatives or just plain old conservation techniques.

 

tech4people
User Rank
Supply Network Guru
Re: Thank you so much for sharing your OTC Conference Experience with Us
tech4people   5/24/2013 8:45:00 AM
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hm,

Yes that's true.

I also tried very hard to get myself.

Now however,its too late and I am too well-settled(and Enjoy) my current work.

Mark Bollinger
User Rank
Blogger
Re:
Mark Bollinger   5/23/2013 3:56:25 PM

@Ashish, Prabhakar_deosthali, elctrnx_lyf

Thank you to all for your interesting comments and input. Indeed, the O&G industry provides a rich testing (and challenging) ground for determining (and pushing) the extremes that equipment, on-board components, and M2M communication capabilities can endure. Not only are there significant engineering challenges for all types of components, electronic and mechanical, that comprise the tools and equipment used, there is also the design push to improve the durability of the equipment (and components) to avoid costly downtime, to name just one other challenge to the hostile terrain.

As you all well know, the hostile terrain includes pressure, vibration, heat, distance from base, as well as other environmental conditions depending on the type of drilling and/or data collection engaged. Being able to simultaneously withstand the hostile environment as well as communicate between drill heads, equipment, and above-ground control systems is only part of the challenge. There are also the requirements of increased automated, multiple control process capabilities to reduce problems due to time delay to surface that are encountered during rapidly changing conditions at the drill head. These solution sets push the design envelopes and inform how onboard components are continuously being improved.

Among the specific components that are proving successful, are the ruggedized ICs, MEMS, and NEMS that have benefited from new materials such as silicon magnetic sensors, and high temperature power MOSFET transistors, to name just a few. Importantly, design innovations in drill strings that take advanatage of the micro- and nano-scale electronics allow for both a more feasible means for increasing downhole tool functionality (i.e., types of testing and measuring for drilling and for data collection to inform 4-D seismic modeling), as well as improved means for retrieving and/or replacing components or tools, as the need arises, during the downhole processes. Additionally, the advances in M2M communcation from downhole to above-ground stations have had a tremendous impace on the entire E&P process and should not be left out of this overview.

Of course many of the solution details regarding these component innovations are proprietary, but they do owe success to new materials, subassembly architectures, form factors, and data transmission relays.

Clairvoyant
User Rank
Supply Network Guru
Re: Technology
Clairvoyant   5/23/2013 1:59:55 PM
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It's great that technology for oil exploration is advancing, however this shows how large our demand on oil is, especially if we need to start doing more exploration in tough areas such as deep sea exploration.

elctrnx_lyf
User Rank
Supply Network Guru
Technology
elctrnx_lyf   5/23/2013 1:08:29 PM
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The improvements in semiconductor and overall product design technologies will play a major role in the progress of oil exploration. Subsea electronics could be real challenge for any company considering the adverse ambient conditions down there.

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