3 Ways to Use Better Data and Use Data Better for Drilling Industry | Helmerich & Payne - Drilling Rig Contractor Oil & Gas
Wellbore positioning comes with high levels of uncertainty due to error sources inherent in the surveying process. If not accounted for, these errors can result in loss of production, equipment failure, and non-productive time, leading to potential exposures and/or costly situations. By reducing uncertainty with better data, decision makers can have more confidence in the decisions they make - impacting overall performance for optimal outcomes. Think about the disconnect between the size of a driller’s target window (~30 ft) and the amount of uncertainty that may exist in the wellbore position at the end of a long lateral (~300 ft). With well objectives such as well spacing, collision avoidance concerns and lease lines relying on such narrow windows, oftentimes a traditional 300 ft uncertainty is insufficient to confidently place a well, even if all drilling practices are perfectly executed. Magnetic models are a critical piece of the magnetic surveying process. Increasing the resolut...