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


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  Home > Breaking News


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


 


 April 20th, 2017  |  09:26 AM  |   1330 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

 

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