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Home » Articles » on Risk & Safety » Page 27

on Risk & Safety

A listing in reverse chronological order of articles by:



  • Greg Hutchins (editor) — CERM Risk Insights series

  • Doug Lehr — Equipment Risk and Reliability in Downhole Applications series

  • Sanjeev Saraf — Operational Risk, Process Safety series

by Doug Lehr Leave a Comment

The Pump-in Process

The Pump-in Process

As stated in The Plug and Perf Process, electric line and frac pump crews coordinate the pump-in process to convey each FP-setting tool-perforating gun “assembly” along the lateral section of the well – perhaps 70 times per well. High mechanical reliability is expected, so the pump-in process must also be reliable. But to achieve this, many process risks must be mitigated. How are some of these risks mitigated? [Read more…]

Filed Under: Articles, Equipment Risk and Reliability in Downhole Applications, on Risk & Safety

by Greg Hutchins Leave a Comment

Your Risk Assessment’s a Thermometer, Not a Crystal Ball!

Your Risk Assessment’s a Thermometer, Not a Crystal Ball!

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

If you’re cooking, you need a way to tell how hot the oven is.  You won’t be able to tell the difference between 275F and 325F just by sticking your hand inside – both are going to feel hot to you – but this is the difference between a perfect, crunchy yet chewy meringue and something that’s dry and explodes into a pile of dust. So we use a thermometer to give us the information we need.

Similarly, we need a way to be able to differentiate between risks, to separate those that are ‘hotter’ and might burn us and the others that are simply ‘warm’.  Unfortunately, we can’t buy a risk thermometer so we conduct a risk assessment to help us make that differentiation. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

In COVID Time, Is Your Tuchis Hanging Out?

In COVID Time, Is Your Tuchis Hanging Out?

Guest Post by Howard M. Weiner (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Only when the tide goes out do you discover who’s been swimming naked.”
– Warren Buffett

The current pandemic has wreaked profound dislocation on businesses throughout the world and upended societal norms as we know them.  It may have been an unpredictable, ‘black swan’ event that will not recur anytime soon, though that’s open to discussion, but it’s worth evaluating your risk management practices to see whether you could have done better.  

My guess is that, with the exception of a small fraction of companies, risk management is not done particularly well and better (or at least, less-worse) outcomes could have been achieved. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Doug Lehr Leave a Comment

Ballistic Setting Tools

Ballistic Setting Tools

Ballistic setting tools (wireline setting tools) have been used for over sixty years to convey downhole packer devices, including frac plugs, into oil and gas wells. The principle of operation is simple: at setting depth, current sent down the electric line ignites the on-board power charge, which burns and liberates high-pressure gas, which displaces a piston over a fixed distance. This creates the mechanical force used for “setting” the frac plug in casing. [Read more…]

Filed Under: Articles, Equipment Risk and Reliability in Downhole Applications, on Risk & Safety

by Greg Hutchins Leave a Comment

New Norm for Staffing Projects

New Norm for Staffing Projects

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The COVID-19 pandemic has changed the world. Social distancing, face masks, confinement at home and other restrictions is the new norm. This will be the case at least for the foreseeable future as the economy re-opens. The long-term effects are yet to be determined. One change that is likely to emerge is to find a more efficient, less costly way to perform work with minimal workers to make up for lost revenue. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Strategy + Execution = Success

Strategy + Execution = Success

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

As COVID-19 has disrupted life all over the globe, organisations are forced to significantly change and adapt to the ever-changing customer attitudes and preferences resulting from the pandemic.

The competitive playing field and business environment have been reset. It is now back to square one for many businesses. Businesses have to operate like a start-up, big and small. And they have to start at the same time when governments relax their social isolation requirements. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Doug Lehr Leave a Comment

Frac Plug Reliability

Frac Plug Reliability

Frac plugs create a seal with the inner diameter of the casing. With the frac ball on seat in the frac plug, a check valve is formed in the casing which resists fracturing pressures up to 15,000 psi. Composite frac plugs use substantially composite components and rubber seals. Degradable frac plugs use components manufactured from magnesium (Mg) alloys. [Read more…]

Filed Under: Articles, Equipment Risk and Reliability in Downhole Applications, on Risk & Safety

by Greg Hutchins Leave a Comment

New Project Framework for Long Duration Projects

New Project Framework for Long Duration Projects

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The Central Artery/Tunnel Project, known as the Big Dig in Boston, originally was planned to take 10 years to complete for a budget of $2.5B. It actually took 30 years and cost $14.8 B.  The traditional project framework used was inadequate for a long duration project. A new project framework, I call Adaptive Rolling Wave, is needed. It is a combination of the Adaptive Project and Rolling Wave framework, that is more suited for a long duration project because it breaks down the project into a number of smaller projects. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

The New Normal: What Was the Old One?

The New Normal: What Was the Old One?

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Working From Home (WFH)…just one of the things that the “New Normal” will bring according to a few voices from the populations of various workforces who have contributed to economies during lockdowns.  People seem to have enjoyed the utopia of ‘flexible’ working hours with a freedom to work when they want, attending virtual meetings and collaborating in on-line virtual offices. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Doug Lehr Leave a Comment

The Plug and Perf Process

The Plug and Perf Process

Multi-stage horizontal wells have been drilled and completed in shale formations in North America for two decades, and now account for nearly 90% of new wells drilled in the U.S. The Plug and Perf process (PnP) is used for completing most of these wells. [Read more…]

Filed Under: Articles, Equipment Risk and Reliability in Downhole Applications, on Risk & Safety

by Greg Hutchins Leave a Comment

Address Your LOI Before Your ROI

Address Your LOI Before Your ROI

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

As a risk manager, you will often be asked to explain the RoI (return on investment) of you, your team, even the whole risk management program.

Effective risk management can help an organization grasp an opportunity and realizing an upside risk should generate a positive RoI.

However, when you are focussed on shoring up a weak system, plugging gaps and minimizing risks, showing an RoI can be hard. Even so, an inability to show a positive RoI in a cost-conscious environment can threaten investment in your team. It can even make people question the value of the program as a whole. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Have the Faith to Seize Risk Opportunities

Have the Faith to Seize Risk Opportunities

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Have faith to seize on opportunities that come your way (but the risk is within us!)

Everyone has opportunities. But it is up to us to seize the opportunities that come our way!

There will be opportunities to build lives, to better ourselves, or to serve the community.

Faith and opportunities

Faith is the complete trust or confidence in someone or something. It is the confident assurance that something we want is going to happen. Faith is the certainty that what we hope for is waiting for us, even though we cannot see it up ahead. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Doug Lehr Leave a Comment

The Importance of Post-delivery Feedback

The Importance of Post-delivery Feedback

In the article Reliability in Equipment Design it was stated that a project team can set reliability target(s) for new equipment using historical reliability data. One option OEMs have for capturing historical reliability data is a Failure Reporting And Corrective Action System, or FRACAS. The data captured can provide a comprehensive view of how the equipment is performing. This data can be used to improve legacy equipment and drive decision-making on new equipment. [Read more…]

Filed Under: Articles, Equipment Risk and Reliability in Downhole Applications, on Risk & Safety

by Greg Hutchins Leave a Comment

Where’s Our Next Shock Coming From?

Where’s Our Next Shock Coming From?

Guest Post by Geary Sikich (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The Coronavirus pandemic (COVID19) continues to spread throughout the world despite the best efforts of governments and the medical community.  With no vaccine becoming available in the near term and perhaps even in the long term we are faced with growing uncertainty.  It seems that ever since the emergence of COVID19 that conflicting advice, information and guidance has exacerbated the situation and created a lack of trust on the part of the public on what measures to take.  Wear a mask. 

Don’t wear a mask.  Social distance.  Don’t social distance.  The only advice that seems trustworthy is “Wash your hands”; and, that is something that we should do regardless of the pandemic – it’s good common sense. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

In Risk Management, It’s the Destination, Not the Journey

In Risk Management, It’s the Destination, Not the Journey

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

A while back, I felt that pretty much everything was out of sync and I was highly disorganized. There was a growing list of undone things whether that was around the house, at work, with my family, or at the places where I volunteer.

It was definitely time for a reorganization. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

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