S-037 - Drilling the Limit
Have you considered what impact a sustainably improved well delivery performance (faster and cheaper wells) could have on your business? What if such improvements could extend beyond wells and impact field development concepts? Significant improvements are possible, through applying a variety of industry tested and proven methodologies.
In the oil and gas industry, drilling the right wells and doing that right is KEY to success. Faster wells are a way to optimise cost, but there are more ways to optimise value. For example, optimally placed wells can develop fields in a much more economic manner.
Improved well delivery performance requires an integrated strategy and decision making, followed by detailed preparation and execution through an integrated team of subsurface staff, drilling, completion, production staff from client, contractors and vendors. Main objective for this team is to deliver wells as planned and intended in a flawless manner, with a minimum of waste. A key success factor is buy-in and full support from the client’s senior management team, in trying out new concepts and methodologies.
Based on the experience of our staff, Triple EEE Management Support can support your efforts and teams, by introducing methodologies, catered to your needs. Triple EEE can provide facilitation and temporary resources, as needed, to jointly deliver the optimum performance you aspire to and to unlock the full potential of your assets.
Experience has shown that depending on the starting point, initial time saving can be 10-30% per well, thereafter potentially increasing to 30-60%.
Savings from wells in the drilling program will more than self-fund the implementation efforts by Triple EEE. Moreover, an established performance improvement and new planning approaches may enable you to unlock and develop hitherto marginal wells and fields. Improved well costs and unlocked additional scope will significantly impact your bottom line, especially in a low oil price world. It may offer a means to survival.
The integrated, detailed planning and execution efforts will pave the way to ‘best in class performance’ as evidenced by benchmarking. Prolonged implementation will generate and foster a performance and ‘can-do’ culture, where creativeness thrives.
* Drilling the Limit is an alternative planning approach used in industry through which substantial value gains can be achieved in delivering wells. The methodology challenges the proposed drilling programme by identifying what is possible under perfect conditions. The difference between historical performance and this theoretical limit target represents the improvement opportunity. The end-result is that, though perfection may not be attained, a step change in well delivery performance improvement will be achieved. Realizing The Limit follows a similar approach in project management, integrating multiple disciplines and their activities, such as Geology, Well Engineering, Logistics, C&P, Facility Engineering, Construction and Production Operations. This offers tremendous value and efficiency gains, for example in venture set-up, field development planning, production optimization projects and commercial decision making.
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Vincent Busch<span style="font-family: "Open Sans", Arial, Helvetica, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; white-space: normal;">Sr Consultant Upstream & Value Assurance Reviews</span>
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