Sunday, November 27, 2011
Friday, November 25, 2011
WITSML,PRODML,RESQML
WITSML Standards
WITSML™ (Wellsite Information Transfer Standard Markup Language) is an industry initiative to provide open, non-proprietary, standard interfaces for technology and software that monitor and manage wells, completions and workovers.
WITS ≠ WITSML
While the goal of each of these standards is essentially the same—the ability to easily transfer drilling data—the technology is not.
Wellsite Information Transfer Specification (WITS) is an industry standard from the mid 1980s that uses a binary file format for transferring wellsite drilling data.
WITSML is Web-based and built on XML technology, which is both platform- and language-independent.
Some implementations of WITS may still exist, but all new development should be done using WITSML.
Example of WITSML
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PRODML Standards
PRODML (Production Markup Language) is an industry initiative to provide open, non-proprietary, standard interfaces between software tools used to monitor, manage and optimize hydrocarbon production.( PRODuction xML)
PRODML standards:
* Make integration of these technologies possible, enabling near-real-time production optimization and moving closer to realizing the benefits of the digital oilfield.
* Focus on the technology from the reservoir-wellbore boundary to the custody transfer point, as well as integration with other domain standards such as WITSML and RESQML.
* Are a low-cost, low-risk, and highly innovative environment for the configuration and running of advanced optimization processes.
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RESQML Standards
RESQML™ is an industry initiative to provide open, non-proprietary data exchange standards for reservoir characterization, earth and reservoir models.
RESQML is the exchange format for transferring earth model data between applications in a vendor neutral, open and simple format.
RESQML benefits not only from the immense experience gained over the years with RESCUE, but also from the vision of new developments. RESQML will enable feedback loops from simulation to seismic improving today’s usage of time-lapse seismic. Gridding technologies such as unstructured gridding or micro-fracture descriptions, along with features like streamlines, are further enhancements that can be more easily integrated into RESQML.
Many people have experienced data corruption when transferring data from one system to another, such as well trajectories losing datums, 3D grids getting changed from time to depth, horizon data being damaged in the data transfer.
When you find that your wells are on the other side of the reservoir it is particularly annoying,
Data in RESQML format can include a gridded volume, data about horizons, static information, time data (for a simulation), units being used.
The system can record data about connections, not just the geometry of the reservoir model. For example, it can describe which cells specific wells intersect, and where the faults are.
If a gridded volume is imported into another piece of reservoir simulation software which doesn’t know that a fault exists, the software will create a simulation on the basis that fluid can flow freely from one cell to an adjacent one, without knowing that it would be blocked by a fault.
RESQML can handle faults modeled in both pillars and stair steps. It can include data about flows and temperatures.
RESQML can also manage data about multiple reservoirs which are connected by the same well.
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Thursday, November 17, 2011
The Luck Factor
The Luck Factor by Professor Richard Wiseman
Many research revealed that lucky people generate their own good fortune via four basic principles.They are skilled at creating and noticing chance opportunities,make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good
Personality tests revealed that unlucky people are generally much more tense and anxious than lucky people, and research has shown that anxiety disrupts people’s ability to notice the unexpected.And so it is with luck unlucky people miss chance opportunities because they are too focused on looking for something else.Lucky people are more relaxed and open, and therefore see what is there rather than just what they are looking for.But new or even random experiences introduce the potential for new opportunities.
He asked lucky and unlucky people to imagine that they were waiting to be served in a bank. Suddenly, an armed robber enters the bank, fires a shot, and the bullet hits them in the arm. Would this event be lucky or unlucky? Unlucky people tended to say that this would be enormously unlucky and it would be just
their bad luck to be in the bank during the robbery. In contrast, lucky people viewed the scenario as being far luckier, and often spontaneously commented on how the situation could have been far worse. As one lucky participant commented, It’s lucky because you could have been shot in the head also,you could sell
your story to the newspapers and make some money.
Lucky people tend to imagine spontaneously how the bad luck they encounter could have been worse and, in doing so, they feel much better about themselves and their lives. This,in turn, helps keep their expectations about the future high, and, increases the likelihood of them continuing to live a lucky life.
Lucky people tend to use various techniques to create chance opportunities that surround them, how to break daily routines, and also how to deal more effectively with bad luck by imagining how things could have been worse.Much of the good and bad fortune we encounter is a result of our thoughts
and behavior
----------------
Many research revealed that lucky people generate their own good fortune via four basic principles.They are skilled at creating and noticing chance opportunities,make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good
Personality tests revealed that unlucky people are generally much more tense and anxious than lucky people, and research has shown that anxiety disrupts people’s ability to notice the unexpected.And so it is with luck unlucky people miss chance opportunities because they are too focused on looking for something else.Lucky people are more relaxed and open, and therefore see what is there rather than just what they are looking for.But new or even random experiences introduce the potential for new opportunities.
He asked lucky and unlucky people to imagine that they were waiting to be served in a bank. Suddenly, an armed robber enters the bank, fires a shot, and the bullet hits them in the arm. Would this event be lucky or unlucky? Unlucky people tended to say that this would be enormously unlucky and it would be just
their bad luck to be in the bank during the robbery. In contrast, lucky people viewed the scenario as being far luckier, and often spontaneously commented on how the situation could have been far worse. As one lucky participant commented, It’s lucky because you could have been shot in the head also,you could sell
your story to the newspapers and make some money.
Lucky people tend to imagine spontaneously how the bad luck they encounter could have been worse and, in doing so, they feel much better about themselves and their lives. This,in turn, helps keep their expectations about the future high, and, increases the likelihood of them continuing to live a lucky life.
Lucky people tend to use various techniques to create chance opportunities that surround them, how to break daily routines, and also how to deal more effectively with bad luck by imagining how things could have been worse.Much of the good and bad fortune we encounter is a result of our thoughts
and behavior
----------------
Tuesday, May 24, 2011
Tourists places in Kerala (INDIA)
- BEKAL FORT ( KASARGODE DISTRICT )
- PAITALMALA ,KANNUR FORT ,PAYYAMBALAM BEACH ,MEENKUNNU BEACH,EZHIMALA NAVAL ACADEMY,KANNUR FORT ,MUZHAPPILANGAD DRIVE IN BEACH,DHARMADAM ISLAND,OVERBERIES FOLLY (KANNUR DISTRICT)
- KAPPAD, THUSHARAGIRI (CALICUT DISTRICT)
- KURUVA ISLAND,EDAKKAL CAVES (WAYANAD DISTRICT)
- KADALUNDI ,NILAMBUR (MALAPPURAM DISTRICT)
- PEECHI ,TIRUVILVAMAL ,NATTIKA , ATHIRAPALLY (TRICHUR DISTRICT)
- MATTANCHERY,BACKWATERS,KALADY,TRIPUNITURA PALACE (ERNAKULAM DISTRICT)
- NELLIMABATHY ,PARAMBIKULAM,SILENT VALLEY,ATTAPDAY , JAIN TEMPLE,MEENVALLAM & ATTILA WATERFALLS , SIRUVANI & KANJIRAPUZHA DAM (PALAKAD DISTRICT )
- CHEMBARA HILLS,MARAYUR SANDAL FOREST,SAINT CAVES ,ERAVIKULAM,MUNNAR,CHINNAR,PEERUMED,PERIYAR,CHEELARKOVIL [BUS FROM KUMALY] (IDUKKI DISTRICT)
- GAVI (PATTANAMTHITTA DISTRICT)
- ELAVEEZHAPOONJIRA ,KUMARAKAM (KOTTAYAM DISTRICT)
- TENMALA ,CHENTURUTHI ( KOLLAM DISTRICT )
- PONMUDI,NEYYAR,KOVALAM,SANGUMUKAM,VARKALA (THIRUVANATHAPURAM)
Saturday, October 30, 2010
Global Economy
The rise in crude oil shows that the global economy is strengthening ; this helps in the rise of share market also.
Inflation
Inflation rises when global economy of a country rises .If there is no growth for their economy then Deflation occurs .
Currency carry Trading
Anyone borrowing in Yen and putting the money into US Treasuries (US government bonds) has received a double pay-off: from an interest rate difference of more than three percentage points and from the dollar’s rise against the yen.
Here's an example of a "Yen carry trade": a trader borrows 1,000 Japanese yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0.1%. The trader stands to make a profit of 4.5% as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration.
The big risk in a carry trade is the uncertainty of exchange rates. Using the example above, if the U.S. dollar were to fall in value relative to the Japanese yen, then the trader would run the risk of losing money. Also, these transactions are generally done with a lot of leverage, so a small movement in exchange rates can result in huge losses unless the position is hedged appropriately
Carry Trading is happening due to low interest rates in a particular country
Why Interest rate is low in Japan is that in Japan most of people are old (and misers)they don't have much needs they deposit most their money in Bank for interest and also Japan's economy is already development to a extent.
IF Inflation rices the price of utensils will rise which will affect an economy and the value of their currency diminishes; which result in export- import companies in that country.
Inflation is normally controlled by Central bank of a particular country by increasing the interest rate thus most of the people invest their money in bank rather than purchasing cars and FMCG products thus the demand decrease and inflation slopes down.
China and their artificial demand
If demand is not rising ;demand can be created artificially by decreasing the interest rates thus the people will take loans and there should be better standard of living of their citizen.But if interest rates are increased in the global economy which will collapse the economy of a country which creates demand artificially.
Inflation
Inflation rises when global economy of a country rises .If there is no growth for their economy then Deflation occurs .
Currency carry Trading
Anyone borrowing in Yen and putting the money into US Treasuries (US government bonds) has received a double pay-off: from an interest rate difference of more than three percentage points and from the dollar’s rise against the yen.
Here's an example of a "Yen carry trade": a trader borrows 1,000 Japanese yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0.1%. The trader stands to make a profit of 4.5% as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration.
The big risk in a carry trade is the uncertainty of exchange rates. Using the example above, if the U.S. dollar were to fall in value relative to the Japanese yen, then the trader would run the risk of losing money. Also, these transactions are generally done with a lot of leverage, so a small movement in exchange rates can result in huge losses unless the position is hedged appropriately
Carry Trading is happening due to low interest rates in a particular country
Why Interest rate is low in Japan is that in Japan most of people are old (and misers)they don't have much needs they deposit most their money in Bank for interest and also Japan's economy is already development to a extent.
IF Inflation rices the price of utensils will rise which will affect an economy and the value of their currency diminishes; which result in export- import companies in that country.
Inflation is normally controlled by Central bank of a particular country by increasing the interest rate thus most of the people invest their money in bank rather than purchasing cars and FMCG products thus the demand decrease and inflation slopes down.
China and their artificial demand
If demand is not rising ;demand can be created artificially by decreasing the interest rates thus the people will take loans and there should be better standard of living of their citizen.But if interest rates are increased in the global economy which will collapse the economy of a country which creates demand artificially.
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