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    Deepwater Quick Reference Guide For Students

    Uploaded by

    Đăng Khoa Nguyễn

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Deepwater Quick Reference Guide For Students

    Uploaded by

    Đăng Khoa Nguyễn
    102 views2 pages

    Original Title

    Deepwater Quick Reference Guide for Students

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Copyright:

    © All Rights Reserved
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    102 views2 pages

    Deepwater Quick Reference Guide For Students

    Uploaded by

    Đăng Khoa Nguyễn

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Deepwater A Competitive Business Ethics Simulation Game

    Quick Reference Guide for Students

    Course Information

    Instructor:

    Course:

    Term:

    Simulation Game Parameters

    Class Code:

    Game Name:

    Number of Practice Rounds:

    Number of Regular Rounds:

    BOP service life: rounds

    Quick overhaul service life extension: rounds

    Complete overhaul service life extension: rounds

    Baseline Values

    Production: 1,100,000 bbls per round (1,650,000 maximum)


    Safety Spending: $1,200,000 per round ($20,000,000 maximum*)
    Maintenance Spending: $8 per barrel ($50 maximum*)
    Initial crew (all on-rig): 105
    Minimum on-rig crew count: 50
    Worker productivity: 180 bbls/worker-hour, 58 hours per worker per round
    *Subject to change at instructor's discretion.

    Schedule of Fees and Costs

    Fine for safety violation: $250,000


    Fine for worker injury: $500,000
    Fine for worker fatality: $2 million
    Fine for blowing out: $250 million
    BOP overhaul cost: $25 million (quick); $40 million (complete)

    © 2015 Wayne F. Buck | R2 Simulation Technologies 1


    Deepwater A Competitive Business Ethics Simulation Game

    Minimum rig operating expense per round: $4.0 million


    Royalty Rate: 9% of revenues
    Lifting Costs: $10/bbl
    Hiring: $50,000 per worker
    Firing: $75,000 per worker
    Training: $80,000 per worker

    Simulation Links and URLs

    The Deepwater simulation website: www.deepwatersim.com

    Crude oil prices (WTI Cushing spot crude oil price): http://www.bloomberg.com/energy/

    Gulf of Mexico weather:

    Current weather near your oil rig:


    http://www.ndbc.noaa.gov/station_page.php?station=42040
    Forecast weather in the vicinity of your oil rig (look for the forecast labeled "CENTRAL GULF FROM
    22N TO 26N BETWEEN 87W AND 94W"): www.nhc.noaa.gov/text/MIAOFFNT4.shtml
    Explanation of the Beaufort Scale: www.srh.noaa.gov/jetstream/ocean/beaufort_max.htm
    Explanation of the Saffir-Simpson hurricane wind scale:
    http://www.nhc.noaa.gov/sshws_table.shtml?large

    Key Simulation Parameters and Assumptions

    Rounds absent for training: 2 (including the round sent for training)
    Rounds absent for injuries: 2 (after the round injured)
    Rounds shut-in due to blowout: 3 (including the round of the blow out)
    Rounds shut-in for quick overhaul: 1
    Rounds shut-in for complete overhaul: 2
    Beginning of Round Events:
    Worker hires, fires, returns from injuries and training and new training requests.
    Acquisition of new capital equipment such as pollution control equipment and BOP overhauls
    Middle of Round Events:
    Blowouts (i.e., rig only produces half of the oil it would otherwise have produced)
    End of Round Events:
    Worker injuries and fatalities.

    Version: 5/26/15

    © 2015 Wayne F. Buck | R2 Simulation Technologies 2

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