Countering Industry Trends with Smart Drilling. 2005 POSC Annual Meeting November 2, 2005 James W Bridges. Overview. Brief review of Industry Trends Countering Trends requires change Define “Smart Drilling” Three technologies that can make a difference Summary and conclusions.
2005 POSC Annual Meeting
November 2, 2005
James W Bridges
2.2% Annual oil demand increase by 2020
60% increase in total energy consumption by 2020
Source: Shell Technology VenturesIndustry Trends - Energy Demand is Growing
This results in:
Shorter average field life
Less time to recover investment
Source: Shell Technology VenturesIndustry Trends - New Discoveries Are Harder to Find
Photo courtesy of Texas Energy Museum
Source: Herolds, Operator 10Ks and Annual Reports
Source: McKinsey & Co.
Source: JSH Analysis, Shell
Three Technologies That Can Make a Difference:
Real-time monitoring centers can be used for surveillance of multiple wells that are being drilled anywhere in the world to reduce costly problems and improve drilling operations.
Select wells where total TVD is greater than or equal to 12000 ft and LOT equivalent mud weight is greater than or equal to 15.5 ppg and where the well penetrated salt
Select wells where total TVD is greater than or equal to 20,000 ft and has the marker named Tex X and has a maximum pore pressure greater than or equal to 10,000 psi