Modeling lost production from destroyed platforms in the 2004–2005 Gulf of Mexico hurricane seasons
TL;DR: In this article, a meta-model analytic framework is applied to perform sensitivity analysis and explore the interactions of assumptions on model output to derive functional relations that describe the likely contribution the collection of destroyed assets would have made to future production in the Gulf of Mexico.
About: This article is published in Energy.The article was published on 2009-09-01. It has received 36 citations till now.
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TL;DR: In this paper, the effects of four types of oil-related events on world oil prices, using an event study methodology and an AR-GARCH model, were investigated using search query volumes in Google.
206 citations
01 Nov 2011
TL;DR: Part of the Environmental Education Commons (http://ecommonsudaytonedu.edu/phy_fac_pub Part of the environmental education commons, Environmental Health and Protection Commons, Environmental Indicators and Impact Assessment Commons (EIA), Environmental Monitoring Commons, Natural Resource Economics Commons, natural resources and conservation commons, Natural Resources Management and Policy Commons, Oil, Gas, and Energy Commons, Other Environmental Sciences Commons, Sustainability Commons, and the Water Resource Management Commons.
Abstract: See next page for additional authors Follow this and additional works at: http://ecommonsudaytonedu/phy_fac_pub Part of the Environmental Education Commons, Environmental Health and Protection Commons, Environmental Indicators and Impact Assessment Commons, Environmental Monitoring Commons, Natural Resource Economics Commons, Natural Resources and Conservation Commons, Natural Resources Management and Policy Commons, Oil, Gas, and Energy Commons, Other Environmental Sciences Commons, Sustainability Commons, and the Water Resource Management Commons
166 citations
Cites background from "Modeling lost production from destr..."
...Accidental events can be triggered by natural hazards (e.g., Steinberg et al., 2008; Kaiser et al., 2009; Cozzani et al., 2010), technological failures (e.g., Hirschberg et al., 2004a; Burgherr et al., 2008), purposefully malicious action (e.g., Giroux, 2008), and human errors (e.g., Meshakti,…...
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TL;DR: In this paper, the authors compared severe accident risks of fossil energy chains (coal, oil and natural gas), based on the historical experience contained in the comprehensive database ENSAD.
61 citations
TL;DR: In this article, the authors outline some emerging monitoring tools and how they can quantify key parameters for deepwater geohazard assessment, such as landslides, turbidity currents, fluid flow, and scour.
Abstract: Seafloor networks of cables, pipelines, and other infrastructure underpin our daily lives, providing communication links, information, and energy supplies. Despite their global importance, these networks are vulnerable to damage by a number of natural seafloor hazards, including landslides, turbidity currents, fluid flow, and scour. Conventional geophysical techniques, such as high-resolution reflection seismic and side-scan sonar, are commonly employed in geohazard assessments. These conventional tools provide essential information for route planning and design; however, such surveys provide only indirect evidence of past processes and do not observe or measure the geohazard itself. As such, many numerical-based impact models lack field-scale calibration, and much uncertainty exists about the triggers, nature, and frequency of deep-water geohazards. Recent advances in technology now enable a step change in their understanding through direct monitoring. We outline some emerging monitoring tools and how they can quantify key parameters for deepwater geohazard assessment. Repeat seafloor surveys in dynamic areas show that solely relying on evidence from past deposits can lead to an under-representation of the geohazard events. Acoustic Doppler current profiling provides new insights into the structure of turbidity currents, whereas instrumented mobile sensors record the nature of movement at the base of those flows for the first time. Existing and bespoke cabled networks enable high bandwidth, low power, and distributed measurements of parameters such as strain across large areas of seafloor. These techniques provide valuable new measurements that will improve geohazard assessments and should be deployed in a complementary manner alongside conventional geophysical tools.
42 citations
01 Jan 2011
Abstract: Abbrevia ons Foreword 1. Introduc on 8 2. The impacts of changing climate pa erns and changing disaster risks on energy 9 op ons and electricity genera on infrastructure 2.1 The rela onship between climate change and disaster risks 10 2.2 The impact of changing climate pa erns and changing disaster risks on electricity 11 genera on from fossil fuels 2.3 The impact of changing climate pa erns and changing disaster risks on electricity 14 from nuclear power 2.4 The impact of changing climate pa erns and changing disaster risks on electricity 17 genera on from renewable energy 2.4.1 Hydropower 17 2.4.2 Wind Energy 19 2.4.3 Bioenergy 22 2.4.4 Solar Energy 24 3. Climate change and changing disaster risks: implica ons for energy policy and 26 planning
41 citations
Cites background from "Modeling lost production from destr..."
...Kaiser et al. (2010) report that the hurricane season 2004-2005 with Hurricanes Ivan, Katrina and Rita led to the highest number of damaged and destroyed fossil fuel structures in the history of Gulf opera ons....
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...It is es mated that 126 oil and gas pla orms were completely destroyed while another 183 were damaged (Kaiser et al., 2010:1)....
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References
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TL;DR: In this article, the authors analyzed the damage caused by hurricanes Katrina and Rita on the offshore oil and gas industry and proposed changes to operating and emergency procedures, maintenance requirements, and design practices for mobile offshore drilling units.
Abstract: Hurricanes Katrina and Rita hit the centre of the American petrochemical industry, shutting down eight refineries, hundreds of oil-drilling and production platforms, and many other industrial facilities. Furthermore, it triggered unprecedented numbers of hazardous-materials releases from industrial facilities and storage terminals onshore, as well as from oil and gas production facilities offshore in the Gulf of Mexico (GoM). In this paper, we analyse the damage caused by the two hurricanes on the offshore oil and gas industry. Hurricanes Katrina and Rita caused the largest number of destroyed and damaged platforms and pipelines, and the highest number of mobile offshore drilling units set adrift in the history of GoM operations. Following the hurricanes, changes have been proposed to operating and emergency procedures, maintenance requirements, and design practices including mooring practices for mobile offshore drilling units.
121 citations
Book•
01 Jun 1984
TL;DR: In this article, the authors evaluate an oil property using measures of investment worth, reserve analysis, production forecasting, costs, determining working and net revenue interest, severance and ad valorem taxes, and a short discussion on the evaluation report.
Abstract: This text is useful to evaluate an oil property It includes measures of investment worth, reserve analysis, production forecasting, costs, determining working and net revenue interest, severance and ad valorem taxes, a short discussion on the evaluation report Contents include: Basic concepts; Time value of money; Investment decision analysis; Reserve estimation; Decline curves; Oil and gas prices; Oilfield deals; Costs, Severance and ad valorem taxes; Windfall profit tax; Federal income taxation of oil and gas transactions; The report; Appendices
30 citations
TL;DR: In this paper, the authors provide an overview of the factors that impact the primary stages of decommissioning and describe a general methodology to estimate cost functions for shallow-water developments in the Gulf of Mexico.
Abstract: Decommissioning offshore structures represents the end of the production life cycle, when wells are plugged and abandoned, infrastructure is removed, and the site is remediated and cleared of debris. Decommissioning operations are generally routine, involving standard, low-technology methods, over distinct stages and relatively short time horizons. Offshore operations are more uncertain and costly than onshore, however, due to the hostile ocean environment. Cost estimation is an important aspect of the business since engineers, project managers, and financial accountants frequently perform cost estimates in support of evaluating decommissioning alternatives, divestiture opportunities, and liability assessment. The purpose of this paper is to provide an overview of the factors that impact the primary stages of decommissioning and to describe a general methodology to estimate cost functions. A description of the regulatory requirements is presented along with the empirical construction of cost functionals for shallow-water developments in the Gulf of Mexico.
24 citations
TL;DR: In this article, the authors reviewed the impact of the 2005 hurricane season on the LARP and the current status of the SARS program and examined the criteria employed in project evaluation and approval as well as aggregate program statistics.
17 citations