Oil & Gas Innovation Summer 2020 Digital | Page 26

NEWS - NORTH AMERICA
Schlumberger Introduces Symphony Live Downhole
Reservoir Testing
Technology platform enables well testing control to deliver real-time
downhole measurements
Schlumberger introduced today Symphony* live downhole reservoir
testing, a technology platform that enables operational control
of the downhole testing toolstring to deliver real-time downhole
measurements. Symphony testing reduces operational time and
improves safety and efficiency while enabling informed decision making
for better reservoir understanding and reduced field development
planning uncertainty.
Symphony testing unites Muzic* wireless telemetry with the downhole
string, creating a digital solution that enables real-time control of
the dynamic range of conditions during well testing operations. The
digitally enabled toolstring is customized for the test objectives to
position, isolate, connect, measure, control, sample, select and profile
the reservoir with real-time verification.
“Symphony testing’s digital enablement significantly increases
operational control to acquire actionable data in real time, saving our
customers operational time and achieving well test objectives more
efficiently,” said Aparna Raman, president, Reservoir Performance,
Schlumberger. “Our Symphony testing platform is supported by our
Performance Live* digitally connected service that leverages domain
expertise, cloud-based applications and automated data workflows to
enable faster, more informed decision making.”
Extensive qualification of Symphony testing has been conducted
offshore Asia, the Middle East and the North Sea. In offshore Asia,
Symphony testing delivered perforating and well testing services in
a challenging shallow reservoir. Using wireless control, Symphony
testing eliminated the potential pumpout of a conventional drillstem
testing (DST) toolstring that operates with pressure pulses. By quickly
modifying test sequences guided by real-time data, Symphony testing
helped avoid sand production while maintaining a single run, saving
the operator 24 rig hours. •
Valero Energy Announces CFO Transition
Valero Energy Corporation (NYSE: VLO) today announced that
Jason Fraser, who has served as Valero’s Executive Vice President
and General Counsel since January 2019, has been appointed by Valero’s
Board of Directors to serve as the Company’s Executive Vice President
and Chief Financial Officer, effective July 15, 2020. Mr. Fraser will
succeed Donna Titzman, who will remain as Executive Vice President
and Chief Financial Officer until her retirement from the position on
the same date, and will continue with the Company for a transitional
period thereafter.
Richard Walsh, Valero’s current Vice President and Deputy General
Counsel, will be promoted to Senior Vice President and will succeed
Mr. Fraser as General Counsel, effective July 15, 2020.
“We are extremely excited to have Jason move into the CFO role with
Rich taking on the General Counsel position, and are confident in their
ability to help Valero execute on its strategic objectives and ensure
its continued financial strength,” said Joe Gorder, Valero’s Chairman
and Chief Executive Officer. “We are also grateful to Donna for her
contributions to Valero during her tenure as CFO. Donna has played a
key role in the growth of our Company since she joined us in 1986. We
appreciate her continued support while Jason transitions into the role,
and we wish her the very best in the future.”
Mr. Fraser said, “It is a great privilege for me to accept the CFO role. I
look forward to continuing to work closely with the rest of our excellent
management team, the Board and our dedicated employees. The capital
discipline that has been a constant in Valero’s strategy, including the
prudent management of our strong balance sheet and delivering on
our commitment to stockholders, will remain an uncompromising
priority while we proactively address the uncertainties that we face in
the current environment.”
Mr. Fraser has significant leadership experience at Valero, having
served as Valero’s General Counsel since January 2019 and previously
serving as a Senior Vice President with oversight of Valero’s Public
Policy, Strategic Planning, Governmental Affairs, Investor Relations
and External Communications functions. Previously, Mr. Fraser also
served as President of European Commercial Operations, overseeing
the Company’s European commercial businesses, and Vice President of
Specialty Products Marketing. Mr. Fraser began his career with Valero
in 1999. Mr. Fraser earned his Bachelor of Business Administration
degree from the Business Honors Program at the University of Texas
at Austin, and his Juris Doctor from Harvard Law School. Prior to
attending the University of Texas, Mr. Fraser served in the U.S. Army
from 1986-1990.
Mr. Walsh currently serves as Valero’s Vice President and Deputy
General Counsel, with responsibility for Valero’s litigation, regulatory
and employment law departments, as well as the Company’s ad valorem
tax and environmental, health and safety groups. He has previously
served in many different leadership roles within Valero’s legal
department. Mr. Walsh earned his Bachelor of Arts and Juris Doctor
degrees from the University of Oklahoma. •
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