FacebookInstagramTwitterContact

 

BORNEO HOUSING AGENCY: Terrace House in Bengkurong (B$190K, Property Chinese Owned) • Industrial Warehouse in Menglait, Gadong for Rent • Shop house in Gadong (Ground Floor) for Rent • Industrial Shops in Bunut for Sale • Land in Jerudong for Sale • Shop house in Kiulap for Sale (44 years lease, approx 5,000.00 per month rental) • Chempaka Terrace House for Rent (3 bedrooms, B$700.00 per month) • Shop house in Kiarong for Sale (B$380.00) • TEL: +6738732975, +6738839007           >>           Fully furnished office space for rent at Regus Brunei. Call +673-886-2879 or go to www.regus.com.bn           >>           Private Company Urgently Need Houses & Flats for Rent in Bandar Seri Begawan, Kindly Contact the ff. nos. for further information: 242-7623/+673 883-9007           >>           HAPPY EID MUBARAK "Wishing you prosperity and peace on this holy occasion of EID MUBARAK"           >>           Alexis' Desire For Guardiola Reunion Has Man City Hopeful They'll Get Their Man           >>           Chile Continue Shootout Magic, Look To Add Confederations Cup To Trophy Haul           >>           Kante's Impact Has Chelsea's Rivals Searching For Midfielders In His Mould           >>           Rumours Rated: Fabinho To United, Ghoulam To Liverpool, Suso To Spurs?           >>           Hedgehog Had To Be Popped By Vets After He Blew Up Like A Balloon           >>           Dollar changes hands in lower 112 yen zone in early trade in Tokyo            >>           Hilary Duff Dishes On Her Family-Filled Summer Plans           >>           S. Korea's business sentiment falls on cheaper crude oil            >>           Ariane-5 launches India's GSAT-17 satellite into space            >>           Extra Virgin Olive Oil Found To Prevent Alzheimer’s And Protect The Brain’s Memory Function           >>          

 

SHARE THIS ARTICLE




REACH US


GENERAL INQUIRY

[email protected]

 

ADVERTISING

[email protected]

 

PRESS RELEASE

[email protected]

 

HOTLINE

+673 222-0178 [Office Hour]

+673 223-6740 [Fax]

 



Upcoming Events





Prayer Times


The prayer times for Brunei-Muara and Temburong districts. For Tutong add 1 minute and for Belait add 3 minutes.


Imsak

: 04:37AM

Subuh

: 04:47AM

Syuruk

: 06:12AM

Doha

: 06:36AM

Zohor

: 12:25PM

Asar

: 03:51PM

Maghrib

: 06:36PM

Isyak

: 07:52PM

 



The Business Directory


 

 



National


  Home > National


BSP Will Be Fit for Future ‘To Fuel Brunei's Economy


 


 April 20th, 2017  |  09:26 AM  |   595 views

BANDAR SERI BEGAWAN

 

BRUNEI Shell Petroleum Company Sdn Bhd (BSP) has been working to increase efficiency, eliminate waste and be more productive, and one notable achievement in this regard has been in its wireline operations.

 

The company said in a press release yesterday that despite low oil price posing a challenge to the industry, the situation is also an opportunity for BSP "to improve and become a more competitive company".

 

In support of the company's 'Line in the Sand: Fit for the Future' strategy, inter-discipline and inter-department teams have been formed across the organisation, and in close collaboration with its business partners, BSP said that it is rising to the challenge.

 

These integrated improvement efforts and creative thinking have led to efficiency gains, which is one of many routes to ensure BSP will be "fit for the future". The cost-saving improvements were achieved through improved productivity - achieving more with the same resources - with no impact on employment and contracts.

 

—Fit for the Future' is all about what BSP needs to do now, to make sure it is here for generations to come," said Dr Ceri M Powell, the Managing Director of BSP. "Much can be done when there is innovative thinking, focus, close collaboration, and motivated and determined people."

 

A recent example of this is in wireline operations, where BSP has successfully converted one wireline unit onshore and one wireline unit offshore into 24-hour operations.

 

Wirelines use a reel of wire to gain access deep inside a well. This technique is used to take measurements in a well, to open or close different producing zones as well as to add or remove equipment in the well to enhance production.

 

Initial results showed the productivity of wireline crews increased more than 300 per cent with a reduction in cost of more than 50 per cent, and delivering more barrels of oil than planned if the team had continued with a 12-hour operation.

 

The contractor involved is SC Oilfields and Logistics Sdn Bhd, a local Bruneian company with a workforce of 90 per cent Bruneian.

 

"I am very proud of the focussed and persistent effort by an integrated team from Wells, Production Operations, Planning, Petroleum Engineering, HSE, Logistics and our contractors. In addition to delivering the scope safely, all of this was done by coordinating existing resources and with no additional spend," Dr Ceri Powell shared.

 

The team is now closely monitoring the 24-hour operations for sustainability and to understand how to further replicate them.

 

"These are exciting times and with teams across BSP proactively looking to improve how they do things, we expect more success of this nature in the near future," she added.

 


 

Source:
@BRUDIRECT.COM

by BruDirect.com

 

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]

 

Related News


Delayed Raya Celebration For Some

 2017-06-29 09:06:43

Cantonese V Mandarin: When Hong Kong Languages Get Political

 2017-06-29 09:12:52

The Ringgit Is Easily Asia's Strongest Currency

 2017-06-29 09:33:18