RUMS-Lite

Question 1

RUMS

Answer 1

Risk Uncertainty Management Standard

Question 2

The Hierarchy of Rums

Answer 2

A pyramid consistong of: Value-Based Well Objectives (VBWO’s); Uncertainties; Identification of Risks and Consequences; Understanding, Assessing, and Managing Risks

Question 3

Focus of RUMS

Answer 3

Uncertainty, Risk, and Consequences

Question 4

Uncertainty

Answer 4

Some information or condition of the project or well that is unknown (weather, shallow drilling hazards, and frac/pore pressure)

Question 5

First Step in Managing Risk

Answer 5

Identify uncertainties and their ranges

Question 6

UMP

Answer 6

Uncertainty Management Plan; used to identify and narrow the ranges of uncertainties

Question 7

Risks

Answer 7

Uncertain events or conditions that can affect a project’s objectives

Question 8

Consequences

Answer 8

The result of a failur to contain a risk

Question 9

Uncertainties vs. Risk

Answer 9

Weather vs. Ice Storm, Shallow Hazard vs. Encountering Shallow Gas, Pore Pressure vs. MW exceeding frac gradient

Question 10

Risks vs. Consequences

Answer 10

Vehicel Crash vs. Damaged vehicle, injury, or death; Fluid loss vs. loss of hydrostatic; Blowout vs. injury, death, equipment damage

Question 11

CPDEP

Answer 11

Chevron Project Development Execution Process

Question 12

SWCPDEP Phase 1

Answer 12

Involves building the business case for the well project

Question 13

SWCPDEP Phase 2

Answer 13

Involves identifying uncertainties, generating and assessing alternative well designs, and recommending a final well design

Question 14

SWCPDEP Phase 2 Deliverables

Answer 14

VBWO’s; UMO; Risk Assessment of Alternatives

Question 15

VBWO’s are SMART

Answer 15

Specific, Measurable, Achievable, Relevant, and Timely

Question 16

UMP

Answer 16

Organizes the data about the uncertainties related to the VBWO’s. Each objectivee can have different uncertainties. Changing the uncertainties can have different well designs.

Question 17

SWCPDEP Phase 3

Answer 17

Involves detailed engineering and development of the final well design determined from risk assessing the alternatives. The final well design is supported by the basis of design (BOD). Agreement on the BOD is followed by a design lock.

Question 18

SWCPDEP Phase 4

Answer 18

Involves the execution of well operations and ongoing risk management. This phase should only proceed with a locked BOD, a locked final well design, a locked operational plan, and a risk assessment and management plan. The locked operational plan is often called the detailed drilling program or detailed completion program.

Question 19

SWCPDEP Phase 4 Focus

Answer 19

Focuses on execution issues such as rig procedures and operations as well as unexpected well conditions. Used to assess unexpected changes as described in any MOC document.

Question 20

SWCPDEP Phase 5

Answer 20

Involves evaluation and lookback. This is an opportunity to reflect on lessons learned that are captured throughout the well planning and execution process and share that information with the D & C community. The main RUMS activity is to evaulaute the effectiveness of the UMP and risk management program for use in future projects.

Question 21

Goal of a well design

Answer 21

Narrow ranges of uncertainties and minimize risk

Question 22

& Steps to Risk Assessment

Answer 22

1) Assemble the Team, Establish Objectives and Gather Information; 2) Initiating the Risk Assessment; 3) Risk Ranking; 4) Risk Mitigation; 5) Communication; 6) Continual Risk Assessment; 7) Risk Assessment Review

Question 23

Risk Ranking Determination

Answer 23

Consequences, HES or Reliability and Efficeincy, Safeguards in Place, Liklihood of Occurrence, Liklihood of Ranking, Risk Ranking Factor, Risk Response Choice

Question 24

Key Elements for Risk Mitigation

Answer 24

Evaluate Highest Ranked First, Identify New Safeguards, Create Action Item Register, Evaluate New Safeguards for New Risks, Re-rank Liklihood of Occurrence & Consequence, Risk Ranking Should Improve, Conduct Cost Benefit to Aid Decision

Question 25

Why D&C Uses the MOC Standard?

Answer 25

Improved Planning and Execution, A high Impact Standardization Process, Documentation of Changes, and an OE Expectation

Question 26

Requestor

Answer 26

The person who proposes a change in the MOC process

Question 27

Eight Stps of the MOC Form

Answer 27

1) Identify the Change 2) Initiate MOC and Provide Justification 3) Validate the Change with yout Supervisor and Identify Impacted Parties 4) Assess the Risk and Value of the Change 5) Approve Change 6) Notify Impacted Parties 7) Implement Change 8) Close and Document Change

Question 28

Key MOC Issues

Answer 28

Accountability, Impact on HES, Cost, Schedule and Production. Should lead to a higher asses value.