Drilling Optimization

An Intensive 5-day Training Course

Drilling Optimization

Drilling Optimization

Scheduled Dates

Classroom

12 - 16 Aug 2024 Dubai - UAE $5,950 RESERVE A SEAT
23 - 27 Dec 2024 London - UK $5,950 RESERVE A SEAT

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Why Choose this Training Course?

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

What are the Goals?

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

Who is this Training Course for?

This PetroKnowledge training course is designed for all professionals working in the field of well engineering, oil and gas exploration, geology and reservoir modelling.

It is also quite beneficial for other people involved in the upstream oil production as it shows the interdependence of the data between the departments.

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit: 

  • Reservoir Engineers
  • Petroleum Engineers
  • Risk Managers
  • Drilling Managers
  • Field Service and Related Operations
  • Company Men
  • Tool Pushers
  • Drillers

How will this Training Course be Presented?

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.

Organisational Impact

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.

Personal Impact

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.

Daily Agenda

Day One: Drilling and Well Engineering Calculations 
  • Drill string mechanics
  • Well design concepts
  • Drilling fluid calculations
  • Directional drilling
  • Measurement while drilling systems (MWD)
  • Controllable and Non-controllable Non-Production Time (NPT)
Day Two: Drilling Optimization  
  • Introduction to drilling optimization
  • Petroleum rock mechanics
  • Defining of KPIs
  • Use of common industry KPIs
  • Wellbore stability analysis
  • Rock strength and rock failure
Day Three: Quantitative Risk Assessment 
  • Risk Management process
  • Cost-time analysis
  • Common drilling problems
  • Measurement and evaluation of risk
  • Limit state function and Probability Failure Function
Day Four: Well Engineering Design and Construction Optimization 
  • Optimization of a process and its elements
  • Drilling plan
  • Rate of penetration monitoring
  • Other goals of well drilling and construction
  • Technical limits and quantum change in limits
Day Five: Drilling Optimization-Tools and Technologies 
  • Advanced drilling techniques
  • New developments in technology
  • Use of software
  • Well site parameters and drill string inventory optimization
  • Kill sheets use

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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