Cost Analysis
Cost comparing and benchmarking involves evaluating the performance of various aspects of completed drilling operations. By understanding the performance of each component of operation, it is possible to identify areas where costs can be reduced.
Drill bit record comparison includes analysing data such as footage drilled, rate of penetration (ROP), wear characteristics and more. This information can be used to identify trends in drill bit performance, such as which types of bits are most effective for specific drilling conditions or which bits require more frequent maintenance.
Well Section
The comparison of multiple well sections is the process of finding the problematic intervals and associated actions that have been made to resolve the challenge. The analysis enables the engineering team to focus on the problematic zone to find the root causes of issues and implement targeted solutions to improve drilling efficiency.
The identification of trends in drilling fluid properties (DFP) across multiple wells can be a valuable tool for justifying future well plans. By conducting an in-depth analysis of DFP in problematic intervals, engineering teams can effectively maximize drilling performance and mitigate potential issues. This approach enables a proactive approach to optimizing drilling operations, ultimately leading to increased efficiency and reduced costs.
Additive Materials
The quality and effectiveness of performance drilling fluid additives can vary significantly. Identifying high-performance materials can be accomplished through a detailed analysis of their usage in the same interval across multiple wells. By conducting this comparison, drilling operations can be optimized to enhance performance and reduce project costs.
Evaluating log datasets across multiple wells can reveal the drilling parameters in problematic intervals. Such comparison enables engineers to find the optimum range for parameters, leading to a reduction in potential issues and associated costs.
Stratigraphy
Formation correlation among multiple wells assists engineers to know formation top depths. Stratigraphy tool, providing formation top depths across multiple wells within the same field.