Oil Service Companies Research Articles

Quality Management Techniques and Operational Performance: Empirical Insights From Oil and Gas Servicing Companies in Nigeria

Quality Management Techniques and Operational Performance: Empirical Insights From Oil and Gas Servicing Companies in Nigeria

TRANSFORMATION OF THE RUSSIAN OIL INDUSTRY IN 2022-2023

The article examines the state of Russia’s oil industry over the period 2022 and 2023 as geopolitical changes shifted from one year to the next. The author notes that despite the sanctions pressure, Russia has successfully managed to reorient its oil markets towards Asia. Exports to India are the most actively developing; the ease of transition was due, among other things, to the availability of ready-made business in India: new refineries were built on the coast, for which oil was purchased from the nearest markets. In 2022-2023, India became the largest market for Russian oil delivered by sea. As for supplies via oil pipelines, China remains the largest consumer. Under these conditions, Russian companies have an opportunity use the competition between the countries to their advantage by reducing the discount on their products.The USA used to be the biggest buyer of Russian oil products until 2022, currently this role is taken by Turkiye. The state buys large volumes from Russia and then resells similar volumes to the EU countries. Despite the statements about different origin of oil products, formally the volumes of purchases and sales coincide.A significant role in the supply of Russian resources by sea is played by the shadow fleet, which began operating after the introduction of the «price ceiling». The fleet’s tankers have been bought off the world market by various companies that are registered offshore.There has been no reduction in production and exports due to technical problems caused by sanctions on the supply of equipment and technologies to Russia, or due to the withdrawal of Western oil service companies. Domestic structures quickly managed to establish a system of parallel imports, as well as to find alternative equipment in China.

Depth of technological capability: a new approach to the technological development of latecomer oil service companies

Purpose The purpose of this study is to define and develop a new technological development path for latecomer firms in developing countries. Design/methodology/approach An analytical framework for development based on the technological capability (TC) dimensions is developed and examined in the drilling sector. Since the process of TC accumulation is dynamic, the case study approach is the best method for an exploratory theory-building study. Through a comparative case study of two Iranian drilling contractors, a new path for the technological development of latecomer oil service companies is proposed. Findings The study of two cases indicates that despite having similar scope and levels of TC, one of them demonstrated superior technical performance. To address this difference, the concept of operational efficiency is introduced which is considered the outcome of increasing the depth of TC. Practical implications Although upgrading the level of technological and innovation capability is an important path for technological development, latecomers that suffer from various disadvantages can perform their routine activities with superior performance and develop through their basic operational/production capabilities. Also, specialized indicators designed for assessing the level and depth of TC in the drilling industry have important insights for evaluating the technological and competitive position of oil service companies. Originality/value To the best of the author’s knowledge, this study takes the first step in defining and elaborating on the concept of depth of TC as a development path for latecomers. It also introduced a novel approach to the global operational/production efficiency frontier as a target for their catch-up.

Quality Management Techniques and Performance of Oil Servicing Companies In Rivers State, Nigeria

To succeed in the volatile environment of the oil industry, oil servicing firms rely on technical change, heavy investment in high technology and intellectual capital to sustain performance and attain competitive advantage. Hence, the research on Quality Management Techniques and Performance of Oil Servicing Companies in Rivers State, Nigeria. The population of the study comprised of all the thirty (30) oil servicing companies in Rivers State as at 31 December, 2021 as culled from the Federal Ministry of Petroleum Resources of Nigeria. Correlation Analysis Pearson’s Product Moment Correlation (PPMC) and Factor Analysis was used to analyse the data collected. From the Pearson correlation (PC) Coefficient result displayed in table 4.4, it was discovered that quality audit has a positive statistically significant relationship with customer service delivery of oil servicing companies in Rivers State. Keywords: Quality management, Techniques, Sustained Performance, Nigeria

Data Analytics for Decision-Making in Evaluating the Top-Performing Product and Developing Sales Forecasting Model in an Oil Service Company

This study addresses the strategic challenges faced by a company specialising in the manufacture of oil and gas equipment. Following organisational restructuring, which involved the dissolution of one business unit and the creation of another, the company is navigating complexities in product focus and manpower allocation within the Asia-Pacific region. The research problem centres on identifying the top-performing product, determining potential countries for establishing a support base facility based on sales performance, and developing a method for forecasting future sales. The research involved retrieving and pre-processing historical sales data, then performing a thorough descriptive and predictive analysis. The data was partitioned into training and testing sets to facilitate predictive analytics. Several predictive models were developed and tested, including neural networks, linear regression, gradient-boosted trees, random forests, and ARIMA methods. Tableau Public was utilised for descriptive analytics, whereas RapidMiner Studio was employed for predictive analytics. The study’s results, derived through both descriptive and predictive analytic methods, reveal critical insights. The Blowout Preventer (BOP) emerged as the top-performing product in the Asia-Pacific region. In terms of establishing support base facilities, Malaysia was identified as the ideal location for the BOP, while Indonesia was found suitable for the Manifold product group. Furthermore, the Random Forest model was determined to be the most effective for forecasting future sales. These findings provide strategic guidance for the company in product focus, regional expansion, and resource allocation, contributing significantly to the company’s decision-making process in a competitive industry.

Project Selection of Indonesian Local Oil and Gas Service Company Using Analytical Hierarchy Process (AHP)

PT Duta Wisesa Servisindo or PT. DWS is a local Indonesian company that offers services in the oil and gas sector. This company was founded in 2015 when world oil prices were falling and used this momentum to invest in assets, especially in cementing units used for drilling and workover work. At the beginning of the establishment of PT. DWS believes that they can become the main local Indonesian oil and gas services company in Indonesia, because many local competitors stopped their businesses during the 2015 crisis. In 2023, world oil prices have improved, at the end of 2023 PT. DWS received 4 job offers from SOE and private sector to work on in early 2024, namely the Jambi Project, Lampung Project, Jambi Project and Cepu Project, but due to unit limitations, this company could only choose 3 job offers to work on. Because PT. DWS does not yet have a decision-making process. In this research, the Analytical Hierarchy Process or AHP is used to provide recommendations for 3 projects that are recommended to be taken by the company. In this AHP assessment, the criteria used as assessment parameters are marketing and sales, customers, financial feasibility, administration and project specifications, each of these criteria has several sub-criteria with a total of 13 sub-criteria. Based on the assessment, the criterion with the highest weight is financial feasibility (51.4%) and the sub-criterion with the highest weight is ability to pay (22.9%). After the assessment was carried out, based on the ranking, the 3 projects that were recommended to be taken were the Jambi project (33.4%), Cepu Project (30.7%) and Lampung Project (19%). Based on the assessment results, it can be seen that service users from the BUMN sector dominate compared to the private sector because they have the ability to pay and have high profitability compared to private companies, even though private companies are superior in terms of payment, administration and equipment requirements.

Updating the processes of long-term monitoring of production wells

The development of West Siberian oil and gas fields in conditions of total horizontal completion of wells showed that technologically our industry was not sufficiently ready for this challenge. To quickly build high-tech horizontal wells, to carry out multistage hydraulic fracturing in them and at the same time effectively manage the operation of high-tech horizontal wells, to ensure the required degree of reserves development, unfortunately, is not the same thing...Despite the fact that the actual coverage of well-testing, production logging and alternative long-term distributed monitoring based on stationary information and measurement systems in Russia in recent years has been extremely insignificant, a cumulative analysis of the data obtained in the industry on the leading vertically integrated oil companies speaks about the following negative trends identified by diagnostic methods: the existing domestic technologies do not allow to regulate and manage the inflow and intake profiles in horizontal wells, horizontal wells with multistage hydraulic fracturing, multibarrel wells, thereby initially ensuring uniform production of recoverable oil and gas reserves in the drainage zones of wells with horizontal completion; the undesirable breakthroughs into the borehole of a horizontal well of water and gas detected by means of borehole diagnostics were eventually not isolated by field services, as a result of which the wells were decommissioned prematurely, without ensuring the achievement of the project accumulated indicators of hydrocarbon production; according to measurements in the horizontal wells, incomplete confirmability of multistage hydraulic fracturing designs was found (both in estimates of crack lengths and in terms of determining the places and forms of their initiation in holes); finally, the profiles of the inflow and the composition of the inflow studied in dynamics, as a rule, changed quite quickly in time from the moment the wells were launched for the selection of products, which usually led to unpredictable production losses (flow deterioration was usually recorded from the toe and the central parts of the boreholes of horizontal wells); the most typical reason for the decrease in productivity in horizontal wells and horizontal wells with multistage hydraulic fracturing should be recognized as the clogging of boreholes with sand and proppant, as well as the lack of the ability of producers to promptly clean the boreholes without creating repression on the formation; all these problems are certainly aggravated for objects of the category of hard-to-recover initial-recoverable reserves of hydrocarbon raw materials. The fixation and justification of the above conclusions were largely obtained due to the gradual transition of oil and gas producing and service companies from traditional one-time complex measurements by production logging and well testing to permanent long-term stationary monitoring of well testing and production logging parameters in production wells using various types of point-distributed and distributed modular means of stationary information and measurement systems. This progressive high-tech direction of borehole research can potentially be significantly developed and spread in the industry in the near future (which will objectively contribute to the achievement of higher oil and gas recovery coefficients), provided that the state bodies supervising the development of hydrocarbon raw materials (Rosnedra, Ministry of Energy of the Russian Federation) will involve measures to motivate a deeper and more detailed study of the state of development of residual recoverable reserves at the developed fields.

Knowledge Management and Organizational Performance of Selected Oil Servicing Companies in Delta State

The study examined knowledge management and organizational performance of selected oil servicing companies in Delta State. The objective of the study was regarding components of knowledge management such as knowledge conversion and knowledge acquisition. Relevant empirical literature was reviewed concerning the topic under study. The study was anchored on the contingency theory of Fred Fiedler. A descriptive survey research design was adopted as a method of analyzing data. The population of the study was 400 and questionnaires was used to generate data. Handling responses, coding, categorizing, and keyed into Statistical Package for Social Sciences (SPSS) version 22.0 for analysis. The statistics generated were descriptive statistics and inferential statistics. The specific descriptive statistics include percentages and frequencies while the inferential statistics include a multiple linear regression model. Descriptive statistics including the mean and standard deviations were used to analyze the data and capture the characteristics of the variables under the study. Inferential statistics were used to test the nature and magnitude of the relationship between dependent and independent variables. Simple regression analysis and Pearson's correlations were computed to determine the nature and the strength of the relationship among the variables. Analysis of variance statistical tools were used for testing the hypotheses. We concluded that the organizational performance of selected oil servicing companies in Delta State is dependent and sensitive to knowledge management practices, knowledge conversion, and knowledge acquisition. We recommended that the selected oil servicing companies in Delta State55 should plan on how all the variables of knowledge management recommended should be entailed into the organization for proper utilization and efficient organizational performance.

A Feasibility Study on the Conversion from Manual to Semi-Automatic Material Handling in an Oil and Gas Service Company

In manufacturing companies, manual material handling (MMH) involves lifting, pushing, pulling, carrying, moving, and lowering objects, which can lead to musculoskeletal disorders (MSDs) among workers, resulting in high labor costs due to excessive overtime incurred for manual product preparation. The aim of this study was to show how ergonomic measures were used to reduce the risk of MSDs and to reduce operating costs in the warehouse department of an oil and gas service company. A preliminary study using the Nordic Body Map survey showed that the workers experienced pain in various parts of the body, indicating the presence of MSDs. The researchers then used methods such as the Rapid Upper Limb Assessment (RULA), Rapid Entire Body Assessment (REBA), and National Institute for Occupational Safety and Health (NIOSH) assessments to verify whether the MMH activities had an acceptable level of risk. The results revealed that certain manual material handling (MMH) activities were assessed as low–very high risk, with RULA scores ranging from 3 to 7 and REBA scores ranging from 4 to 11. An immediate solution was to replace the manual process with a semi-automatic process using a vacuum lifter. A feasibility study was conducted using the net present value (NPV), internal rate of return (IRR), and payback period to justify the economic viability of the solution. The analysis indicated that implementing the vacuum lifter not only mitigated the risk of MSDs but also reduced the operating costs, demonstrating its viability and profitability. Overall, this study suggests that implementing a vacuum lifter as an assistive device in the warehouse would be a beneficial investment for both the workers and the company, improving both well-being and finances.

Analisis Kinerja Keuangan LSP ABC Jakarta dalam Penentuan Strategi Bisnis dengan Pendekatan Analisis SWOT

LSP ABC is an oil and gas certification service company located in the Duren Tiga, Pancoran, South Jakarta. At the beginning of 2020, economic, social and cultural activities began to be disrupted by the Covid-19 pandemic. This has an impact on the company, so that the certification application data in 2020 tends to decrease compared to the previous year, 2019. Therefore, it is necessary to analyze the company's financial ratios to find out the impact of this pandemic on the company's financial performance. This study aims to determine the company's financial condition using the ratio analysis method and managing business strategies using the SWOT analysis method to determine alternative strategies in determining decisions for the company so that company goals can be achieved. Data collection is done by interview the LSP ABC which is then processed and analyzed, the results obtained in the form of an average liquidity value of 2.874% which was above the company standard of 150%, the average solvency value of 92.6% according to the standard which is under 200%, and a profit of 24%. Based on these results, it can be concluded that the company's profits in 2020 decreased when compared to 2019 but the financial condition was in a good condition. Meanwhile, for business strategy analysis using SWOT, LSP ABC is in quadrant II position so it must diversify its business.

Work Life Balance and Employee Commitment in Indigenous Oil Servicing Companies in Rivers State

This study examined the relationship between work life balance and employee commitment in indigenous oil servicing companies in Rivers State. The study adopted a cross-sectional research survey design. Primary source was generated through self- administered questionnaire. The population of the study is 270 employees of twenty-four (24) selected indigenous oil servicing companies in Rivers State. The sample size of 161 was determined using the Taro Yamane’s formula for sample size determination. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70 selected. The hypotheses were tested using the Spearman’s Rank Order Correlation Coefficient. The results of the analysed data revealed that there is a significant relationship between work environment and employee commitment in indigenous oil servicing companies in Rivers State. The study thus concludes that work life balance significantly influences employee commitment in indigenous oil servicing companies in Rivers State. Therefore, the study recommends that indigenous oil servicing companies should adopt policies that encourage work life balance practices such as flexible work arrangements, family responsibilities support, and wellness programs. The considerations of childcare, dependent care and allowing employees more time with their families which are issues that characterize employee’s role at home should be encouraged. Keywords: Work Life Balance, Affective Commitment, Normative Commitment and Continuance Commitment

Analysis on Demand for Service Quality of Pertamina Klaten Indonesia and PTT Yarang District Pattani Thailand Gas Stattions

This study aims to examine the gaps in consumer service expectations and perceptions in two state-owned oil and gas service companies in two cities, namely Klaten Indonesia and Pattani Thailand. Testing the model used Servqual Test. The research design was quantitative. The hypothesis formulation used the Cronin Taylor Importance Servqual Test formula. The population is all consumers, the sample of consumers are adult consumers in both cities who have finished getting the services of the two Public Fuel Filling Stations. The technique of taking sample was purposive as many as 200 consumers. The test results show that the dimensions of empathy at the Pertamina Klaten gas station have the largest gap value. Pertamina gas stations parties must improve services which still provide the largest gap value to improve the quality of services and people satisfaction. Recommendation for this research, two gas stations must improve of the quality of services. The competitive advantage of institutions will be created in the future

Optimize! Oil, Labor, and Authoritarian Neoliberalism in Kazakhstan

AbstractFollowing the 2014–2015 oil price crisis, service companies in Kazakhstan went through a process of industrial restructuring centered on workforce reduction and a concomitant increase of labor outsourcing. Taking the restructuring – or “optimization” – of state-owned service companies in the region of Mangystau as a starting point, this paper illustrates the heterogenous precarization effects and forms of precarity catalyzed by the process. Taking a multidimensional approach, the paper describes and analyses the effects of precarization in both socio-economic and political terms, as well as the implications for the production of differentiated laboring subjectivities. It situates the ethnographic trajectories of workers within the framework of Kazakhstan's authoritarian neoliberalism, highlighting the punitive and pastoral techniques of goverment deployed in the restructuring of the regional oil complex. In the first part, the article describes how precarization was experienced by workers as “slavery”, entailing the loss of social recognition as well as the intensification of economic exploitation and political domination, heightening their exposure to social and bodily vulnerability. The second section looks instead at the workings of a governmental agency in its effort to remake redundant workers into small business owners through the acquisition of entrepreneurial skills and the abandonment of the Soviet “dependency mindset”. The third and last section of the article concentrates on the individual trajectory of a dismissed worker joining a multi-level marketing scheme in order to cleanse himself from the bodily and social toxicity of precarized work in the oil industry.

The optimization of human and material resources to increase competitivity of oil and gas service companies

This work has as basis subjects related to resource planning tools such as Sales and Operations Planning (S&OP) and Enterprise Resources Planning (ERP) software and Lean. In this context, the guiding question is: How could human and materias resources be best optimized to deliver an operation with less safet risks, less emissions, less suceptability to market fluctuation condistions, profitability and competivitivty for both operators and service oil and gas companies? The objective of this study was to review existing methods to optimize the use of human and material resources on oil and gas service companies to prevent unavailability of assets or its failures over time. For this, it was adopted as methodology the bibliographic review and an example of a service company create through another article as a study case. As conclusion there is a proposition of best practices and a methodic process that can be directly used on the resource planning of other industries.

A Study on the Layoff in Oil Service Company in Oman and its Impact on Employees

This study is conducted to examine the layoff in Oil Service Company and its impact on employees for various reasons, including: first, to study the causes of layoff in Oil Service. Second, to know the perception of employees on layoff in Oil Service. Third, to understand the effect of layoff on Oil Service and finally, to suggest remedial measures to reduce the layoff in Oil Service. The total number of employees working in Oil Service Company are 1000. A sample 90 employees were selected by using convenient sampling method that provides an opportunity to obtain sample and good data from different employees. The type of research is exploratory and the study uses quantitative method of data analysis. In collecting the data, the researcher used both kinds of data, i.e. primary and secondary data. The researchers used questionnaire as an instrument to collect the primary data. The secondary data collected from supportive literature review and the conceptual framework planned accordingly. In addition, the data collected from the respondents is analyzed with the help of Man Whitney U- test, Correlation, Covariance and descriptive statistics as well as with tables and graphs. The results of the study emphasizes that there is a difference of opinion among respondents on demographic variables (Gender, Marital status and any other sources of income) towards layoff in Oil Company. It is suggested that the company should initiate different training programs according to the deficiencies in the capabilities and skills of the employees so that the company can avoid layoffs and in turn can build a competent workforce for sustainable development of the organization.

Locational pattern of health risk behaviors in oil servicing companies in the Niger Delta Region

This study examined the perception of health risk behaviors of employees in oil servicing companies in the Niger Delta Region, Nigeria. Three Hundred and Ninety Five copies of structured questionnaires were designed and administered to the workers of the selected oil servicing companies to elicit information. Descriptive and inferential statistics were applied for the analysis. Findings revealed that majority (58.5%) of the individuals believed that diet high in calories, fat, sodium and low in nutrient is good. Smoking was perceived by majority (84.2%) as a villain in the society while 89% subscribed to the fact that consumption of fruits and vegetables are essential for healthy living. Despite the fact that smoking was not practiced by the majority (68.3%), yet 85.4% of the smokers enjoyed smoking daily and more than 55% of respondents take minimum of 5 sticks of cigarette per day. For satisfaction purpose, most of the respondents liked mating their friends and sex partners without any protective measures and this is clear as findings revealed that 80.5% are not satisfied physically and psychologically using condom during sexual intercourse. The dominating health risk behaviors in the area are alcohol consumption, high blood pressure, and tobacco use and diabetes/high blood sugar. Furthermore, the analysis shows that there is a significant variation in the perception of employees’ in relation to health risk behaviors (F=233.061, p<0.05). The study recommended among others that the attitude of alcohol intake and smoking should be moderated or totally discouraged among the workers of oil servicing companies in the Niger Delta through proper counselling and enlightenment of the health implications.

Locational pattern of health risk behaviors in oil servicing companies in the Niger Delta Region

Locational pattern of health risk behaviors in oil servicing companies in the Niger Delta Region

Critical Evaluation of the Current Bonus and Merits Policy and Its Impacts on Employees’ Pay Satisfaction: Reference to Two Oil and Gas Service Companies

This research explores the relationship between the current Bonus & Merit (B&M) policy along with its effects, if any, and pay satisfaction (PS) of the employees working in two oil and gas service companies. It should be noted that once satisfied in terms of pay, working staff are expected to deliver much more intensely at all levels so that the company realizes its objectives. With this notion in mind, the study aims to explore in-depth ways and means to get to the desired level of pay satisfaction that suits the working staff. The research seeks to conceptualize various associated dimensions generated from an extensive literature review aiming to prove or otherwise the sets of hypotheses and research questions. A sequential explanatory mixed methods research pattern is employed. The study findings indicate the importance of analysing all associated dimensions that are generated from and within the content of the B&M policy. This impacts the employees’ level of PS, and accordingly their expected productivity. In other words, the terms and contents of the B&M policy need to be viewed differently, in accordance with the study findings so that the objectives are realized.

Depth of Technological Capability: A New Approach to the Technological Development of Latecomer Oil Service Companies

Depth of Technological Capability: A New Approach to the Technological Development of Latecomer Oil Service Companies

Integrity control analysis of natural gas hydrate production wellbore using system method and game theory

Natural gas hydrate (NGH) is an outstanding alternative to conventional energy due to its cleanliness and excellent energy density. However, there are still a series of problems needed to be solved before the commercial production of hydrates is realized, one of which is wellbore integrity. Different from the traditional fossil energy wellbore, the integrity degradation of hydrate wellbore has obvious man-machine and complex system characteristics. Hence, NGH production wellbore barrier classification is defined firstly, as well as failure level and consequence judgment. The system-theoretic accident model and process (STAMP) and system-theoretic process analysis (STPA) methods are applied to establish a hierarchical control and closed-loop model of the NGH production wellbore system. Through inappropriate integrity control actions (ICAs) analysis, well integrity engineers play a leading role in the control loop, and a comprehensive monitoring network helps engineers make effective decisions. Game theory is utilized to study the senior superintendent's supervision strategy and the oil service company's investment strategy for wellbore integrity management selection preference in the test production cycle. The results show that the strategic preference of the executor is related to the frequency of maintenance and supervision, and basically does not change during the production cycle. The growth rate of policy preference value for supervisor decreases with the increase of ratio of partial strategy, but it does not affect the initial preference value. The findings of this study can provide support for wellbore integrity management during test or commercial production of offshore hydrates.