Opportunity Technique

Petroleum economics provides the tools with which to quantify and assess the financial risks involved in field exploration, appraisal and development, and allows a consistent approach with which alternative investments can be compared. The techniques are applied to advise management on the attractiveness of such investment opportunities, to assist in selecting the best options, and to determine how to maximise the value of existing assets. 

The econom/c mode/for evaluation of investment (or divestment) opportunities is normally constructed on a computer, using the techniques to be introduced in this section. The uncertainties in the input data and assumptions are handled by establishing a base case (often using the best guess values of the variables) and then performing sensitivities on a limited number of key variables. 

As decommissioning approaches and all well intervention opportunities to increase productivity have been exploited, enhanced recovery processes may be considered as a means of recovering a proportion of the remaining hydrocarbons. However, such techniques are generally very sensitive to the oil price, and whilst some are common in onshore developments they can rarely be justified offshore. 

This type of coil was prepared from copper cladded printed circuit board material by applying photolithographic techniques. The p.c. board material is available with difierent copper thicknesses and with either a stiff or a flexible carrier. The flexible material offers the opportunity to adapt the planar coil to a curved three dimensional test object. In our turbine blade application this is a major advantage. The thickness of the copper layer was chosen to be 17 pm The period of the coil was 100 pm The coils were patterned by wet etching, A major advantage of this approach is the parallel processing with narrow tolerances, resulting in many identical Eddy current probes. An example of such a probe is shown in fig. 10. 

These Web resources in conjunction with the figures and problems in your text afford a wealth of opportunities to gam practice and experience in modern techniques of structure determination... 

The eadiest use of heat-exchange network synthesis was in the analysis of cmde distillation (qv) units (1). The cmde stream entering a distillation unit is a convenient single stream to heat while the various side draws from the column are candidate streams to be cooled in a network. So-called pumparounds present additional opportunities for heating the cmde. The successful synthesis of cmde distillation units was accompHshed long before the development of modem network-synthesis techniques. However, the techniques now available ensure rapid and accurate development of good cmde unit heat-exchange networks. 

The advent of newer polyurethane materials is expected to lead to a new generation of cardiovascular devices. The characteristics of polyurethanes, combined with newer manufacturing techniques, should translate into direct medical benefits for the physician, the hospital, and the patient. This field offers exciting growth opportunities. 

The graphics capabiUties of the CAD/CAM environment offer a number of opportunities for data manipulation, pattern recognition, and image creation. The direct appHcation of computer graphics to the automation of graphic solution techniques, such as a McCabe-Thiele binary distillation method, or to the preparation of data plots are obvious examples. Graphic simulation has been appHed to the optimisation of chemical process systems as a technique for energy analysis (84). 

As shown in Fig. 13-92, methods of providing column reflux include (a) conventional top-tray reflux, (b) pump-back reflux from side-cut strippers, and (c) pump-around reflux. The latter two methods essentially function as intercondenser schemes that reduce the top-tray-refliix requirement. As shown in Fig. 13-93 for the example being considered, the internal-reflux flow rate decreases rapidly from the top tray to the feed-flash zone for case a. The other two cases, particularly case c, result in better balancing of the column-refliix traffic. Because of this and the opportunity provided to recover energy at a moderate- to high-temperature level, pump-around reflirx is the most commonly used technique. However, not indicated in Fig. 13-93 is the fact that in cases h and c the smaller quantity of reflux present in the upper portion of the column increases the tray requirements. Furthermore, the pump-around circuits, which extend over three trays each, are believed to be equivalent for mass-transfer purposes to only one tray each. Bepresentative tray requirements for the three cases are included in Fig. 13-92. In case c heat-transfer rates associated with the two pump-around circuits account for approximately 40 percent of the total heat removed in the overhead condenser and from the two pump-around circuits combined. 

Although the EPAs policy does not consider recycling or treatment as actual pollution prevention methods per se, these methods present an opportunity to reduce the amount of waste that might otheiwise be discharged into the environment. Clearly, the definition of pollution prevention and its synonyms (e.g., waste minimization) must be understood to fully appreciate and apply these techniques. 

Assessment Phase The assessment phase aims to collect data needed to identify and analyze pollution-prevention opportunities. Assessment of the facility s waste-reduction needs includes the examination of hazardous waste streams, process operations, and the identification of techniques that often promise the reduction of waste generation. Information is often derived from obsei vations made during a facihty walk-through, interviews with employees (e.g., operators, line workers), and review of site or regulatory records. One professional organization suggests the following information sources be reviewed, as available (Ref. 7) ... 

Manual Component Separation The manual separation of solid-waste components can be accomplished at the source where solid wastes are generated, at a transfer station, at a centralized processing station, or at the disposal site. Manual sorting at the source of generation is the most positive way to achieve the recoveiy and reuse of materials. The number and types of components salvaged or sorted (e.g., cardboard and high-quality paper, metals, and wood) depend on the location, the opportunities for recycling, and the resale market. There has been an evolution in the solid waste indus-tiy to combine manual and automatic separation techniques to reduce overall costs and produce a cleaner product, especially for recyclable materials. 

Biosensors ai e widely used to the detection of hazardous contaminants in foodstuffs, soil and fresh waters. Due to high sensitivity, simple design, low cost and real-time measurement mode biosensors ai e considered as an alternative to conventional analytical techniques, e.g. GC or HPLC. Although the sensitivity and selectivity of contaminant detection is mainly determined by a biological component, i.e. enzyme or antibodies, the biosensor performance can be efficiently controlled by the optimization of its assembly and working conditions. In this report, the prospects to the improvement of pesticide detection with cholinesterase sensors based on modified screen-printed electrodes are summarized. The following opportunities for the controlled improvement of analytical characteristics of anticholinesterase pesticides ai e discussed ... 

The decision to develop in-house or buy a tool or technique may arise as awareness of the opportunities in a business increases. Off-the-shelf products are more popular as the development of tools and techniques is very time consuming and labour intensive. A generally expressed desire is to use computerized techniques for easier documentation and design reuse. However, it should be noted that a paper-based... 

In contrast to many other surface analytical techniques, like e. g. scanning electron microscopy, AFM does not require vacuum. Therefore, it can be operated under ambient conditions which enables direct observation of processes at solid-gas and solid-liquid interfaces. The latter can be accomplished by means of a liquid cell which is schematically shown in Fig. 5.6. The cell is formed by the sample at the bottom, a glass cover - holding the cantilever - at the top, and a silicone o-ring seal between. Studies with such a liquid cell can also be performed under potential control which opens up valuable opportunities for electrochemistry [5.11, 5.12]. Moreover, imaging under liquids opens up the possibility to protect sensitive surfaces by in-situ preparation and imaging under an inert fluid [5.13]. 

The following references will help you develop techniques for applying pollution prevention audits. Use the examples in Chapter 2 as a basis to tailor audit questions and to focus on areas of opportunities. Finally, Chapter 8 will help you in developing the tools needed to assess the financial attractiveness of the pollution prevention opportunities you identify. 

Creative thinking is important not only in new process development, but also in continually reviewing and reevaluating existing processes for opportunities to make the process inherently safer. Many of the tools and techniques discussed in Section 4.2, on Research, are useful in the process development stage as well. It is appropriate to revisit the basic chemistry to study alternate options. 

For an existing process plant, the designer has the opportunity to take measurements of the fume or plume flow rates in the field. There are two basic approaches which can be adopted. For the first approach, the fume source can be totally enclosed, and a temporary duct and fan system installed to capture the contaminant. For this approach, standard techniques can be used to measure gas flow rates, gas compositions, gas temperatures, and fume loadings. From the collected fume samples, the physical and chemical characteristics can be established using standard techniques. For most applications, this approach is not practical and not very cost effec tive. For the second approach, one of three field measurement techniques, described next, can be used to evaluate plume flow rates and source heat fl uxes. 

The technique to be used for identifying improvement opportunities is specified for each quality objective. 

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