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Petroleum Review October 2012

This month’s issue reviews some of the challenges facing operators when decommissioning platforms in the North Sea and in the Caspian, and outlines the benefits of relocating and reusing plant, equipment or entire facilities rather than defaulting to scrap. 

Risk management is another key theme thismonth, with the first article in this section arguing that it is only those companies with the most rigorous risk management framework that can generate sustainable profits. We also note that despite the lessons to be learnt from past incidents in the energy sector being well documented, the implementation of strategies to mitigate these risks appears to be a more complex issue. In addition, we introduce a new online modelling tool to assess blow-out preventer (BOP) risks, and look at how the use of subsea visualisation, simulation and control technologies are increasing operational visibility and leading to improvements in risk management. 

The magazine also reviews the well delivery ‘revolution’ being experienced in the unconventional shale plays of North America. We also explain how mentoring can play a key role in continued professional development and outline what it takes to be a successful executive in the energy industry.

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