Economic Evaluation of Specialist Bit Optimization Engineering in North Sea Exploration Drilling

Topics:
Mechanical and Industrial,
Petroleum and Gas
Tags:
Benefits,
Cost Savings,
Human Resources,
North Sea
Source:
American Association of Drilling Engineers

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Overview: This paper uses case histories from twelve exploration wells and one sidetrack from the Norwegian Sector of the North Sea to describe the benefits realized from three operational areas from which cost savings are commonly sought. The increased use of specialist engineering services in the application and optimization of drilling bits results in operator cost savings and continually encourages research that will find new ways to lower future costs. Despite tangible benefits, specialist engineering services are not yet widely accepted.

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Format: PDF | Size: 4,024KB | Date: Feb 2003 | Pages: 14

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