Drilling Optimization

Drilling time is costly, and non-productive drilling time is the costliest of them all, and reduction of this time, through the adequate definition and monitoring of KPIs, data management, quantifying uncertainty in the subsurface, risk assessment and use of modern drilling technologies and trends.

Oil and Gas industry is at the point where the rise of fracking and enhanced oil recovery has stabilized the price at the lower levels, no matter that several large oil producers are practically squeezed out of business, which requires the well engineers to reduce the non-productive drilling time to be able to reduce the production cost.

In the Big Data era, the benchmarking, identification, application, and implementation of drilling optimization techniques are a must to be used by well engineers.

This PetroKnowledge training course will highlight:

• Reservoir modeling and drilling operations, as well as well design
• Basic well engineering calculations
• How to complement conventional petroleum engineering analysis with the Big Data Analytics
• Non-conventional drilling methods
• Advanced drilling technologies

By the end of this PetroKnowledge training course, participants will learn to:

• Recognize the influence of drill string mechanics
• Understand how to avoid drilling problems
• Appreciate the environmental effects of drilling activities
• Implement techniques to control non-productive time
• Effectively identify and monitor key performance Indicators (KPI)
• Implement real time management of well construction and optimization

Participants to this PetroKnowledge training course will receive a thorough training on the subjects covered by the seminar outline with the Tutor utilizing a variety of proven adult learning teaching and facilitation techniques. Seminar methodology includes presentation of theoretical concepts, video lectures, example case studies and many exercises that will be done through the guided work of the delegates themselves.

The oil and gas companies that manage to optimize their non-productive time and adequately monitor KPIs are gaining the edge and will always be more adaptive to the ever-changing world of oil and gas prices.

This course is designed to help organizations adequately train their people in understanding and applying the methods of well engineering and drilling optimization, as well as introduction of advanced drilling techniques. Also learn what immediate steps should be taken to minimize the economic effects of when these unscheduled events do occur and control the non-productive time.

The participants will acquire the knowledge needed to identify the downtime before it appears.

In terms of carrier growth, as the algorithms and computations become more complex and with more insight, the knowledge of the subjects presented in the course will become the main evaluation elements for employment and promotion within their field.