"The Perfect Well" - How to Uncover Invisible Lost Time in Drilling Operations by Using Physics-Based Models
This webinar is designed for anyone who is involved in the drilling process who would like to understand the possibilities for improvement in drilling operations.
The webinar will introduce a patented approach that uses the mechanical specific energy drilling model, sonics logs, and other physical limits of the drilling process to determine - easily and in a matter of minutes - the fastest possible time a particular well could possibly be drilled. This ‘Perfect Well’ time can be used to identify invisible lost time and as a benchmark to measure drilling performance.
The approach can also be used to align the interests and efforts of all those involved in the drilling process: the operator’s drilling organization, its clients (Exploration and Production Management) and its suppliers (Drilling Contractor, Service companies).
Webinar attendees will be provided with the opportunity to download - at no cost - spreadsheet to perform the ‘Perfect Well Time’ calculations.
To describe a patented approach to predict the physical limit for a drilling operation
To compare this physical limit - the "Perfect Well" time - with other drilling time metrics ("technical limit", best of best)
To describe how the approach can be used to drive improvement in cost and safety
To describe how the approach can be coupled with learning curves to estimate well costs for field development in a new area
What Will Attendees Learn?
How to create a physics-based estimate of the fastest possible well construction time for a particular well
How to use this estimate for the physical limit - the "perfect well time" - to identify and rank the opportunities for improvement in various drilling operations (e.g. to uncover every bit of invisible lost time)
How to use the "perfect well time" to create a productive dialog between a drilling organization, suppliers (drilling contractors, service providers) and clients (exploration and production management) to drive continuous improvement
Who Should Attend?
This webinar is intended for those involved in the well construction process with interest in understanding how much opportunity for improvement exists in a drilling operation. It is useful for drilling planning and operations personnel (Drilling Engineers, Site Supervisors), management and field development planning personnel with interest in predicting the technical limit of a drilling operation before there is much historical data to base an estimate.
About the Presenter
Ford Brett is recognized worldwide as a leader in Petroleum Project and Process Management. A registered Professional Engineer, Mr. Brett has consulted in over 45 countries on five continents. Formerly, Mr. Brett worked with Amoco Production Company where he specialized in drilling projects in the Bering Sea, North Slope of Alaska, Gulf of Mexico, offshore Trinidad and Wyoming.
In 2010, Mr. Brett advised the US Department of Interior as one of seven reviewers of the 30 Day Study immediately following the BP Gulf of Mexico Tragedy, and in 2011 thru 2012 he served on the National Academy Committee to advise the US Bureau of Safety and Environmental Enforcement (BSEE), charged with evaluating the Effectiveness of Safety and Environmental Management Systems for Outer Continental Shelf Oil and Gas Operations. From 2015 through 2017, he served on the National Academy's Gulf Research Program Advisory board.
He has received many honors, including the 2000 Crosby Medallion for Global Competitiveness by the American Society for Competitiveness for its work in global competitiveness through quality in knowledge management, best practices transfer, and operations improvement. For his work on improved drilling techniques he was also honored in 1996 with a nomination for the National Medal of Technology, the US Government's highest technology award.
Mr. Brett has authored or co-authored over 30 technical publications and has been granted over 30 US and International patents - including several patents relating to elimination of Drill Bit Whirl (which the Oil and Gas Journal Listed as one of the 100 most significant developments in the history of the petroleum industry). In 1999 the Society of Petroleum Engineers honored him as a Distinguished Lecturer. He served on the SPE International Board of Directors 2007 to 2010 where he served as Drilling and Completions Technical Director. Mr. Brett holds a BS in mechanical engineering and physics from Duke University, an MS in Engineering from Stanford University, and an MBA from Oklahoma State University.