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Smith Eurasia. Integrated Management and Drill Bit Supply to Companies of the Oil and Gas Industry Presentation September 200 3. website: www.smitheurasia.com. Smith Eurasia – Main Areas of Activities. Supply of equipment and technology Procurement services Engineering services

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slide1

SmithEurasia

Integrated Management and Drill Bit Supply to Companies of the Oil and Gas Industry

Presentation

September 2003

website: www.smitheurasia.com

slide2

SmithEurasia – Main Areas of Activities

  • Supply of equipment and technology
  • Procurement services
  • Engineering services
  • Wellsite services
  • Integrated project management
slide3

SmithEurasia– Supply of Equipment

  • Drill bits (roller cone, diamond andPDC)
  • Drilling equipment
  • Directional drilling tools
  • Fishing tools
  • Workover equipment
  • Completion equipment
  • Production equipment
  • Mining equipment
slide4

SmithEurasia– Engineering Services

  • Well drilling engineering design
  • Well completion and productionengineering design
  • Technical data review
  • Technical and engineering recommendations
  • Field testing of equipment and technology
  • Development of feasibility studies
  • Analysis of economic return from introduction
slide5

SmithEurasia– Wellsite Services

Oversight and provision of the following types of services:

  • Construction
  • Drilling
  • Fishing operations
  • Workovers
  • Sidetracking
  • Multilaterals
  • Milling
  • Completions
  • Perforating
slide6

SmithEurasia

NC

SDK

AGREEMENT

ENGINEER

ENGINEER

DATA

информация

DATA

slide7

Drill Bit Optimization Process

Use of D B O S software

  • Computer simulation of physical and mechanical rock parameters
  • Optimization of use of roller cone and diamond bits
  • Statistical analysis of source databases
  • Drilling programs and review of previous performance
  • Production of work charts
slide8

Purpose of Drilling

New

recommendations

yes

Special Features

of the Well

Utilization of Experience

no

DBOS

Review of

Input Data

Decision

Selection

Conditions of

Use

Sectional

Analysis of

Recommendations

Discussion

Bit

Order

BHA

ГОБ

Csg

New

Products

Discussion

of New

Proposals

no

New

Technology

Muds

yes

Drill Bit Optimization Process

Bit Selection

Utilization of

Experience

DH motors

slide9

ASE Services Use Examples

South Oman:Deepwater Exploration

$250

Hourly Rate = $1050

GTXCP03 used in all wells

Tripping = 6 hrs

Control directional drilling

during load variation

ASE in

$200

Oman Oil

Increased load

With new BHA

$150

Reduced RPM and increased circulation volume

$/meter

$100

Used asymmetric

nozzle

$50

$0

Dasimi 1

Har Deep

Sarmad 1

Ghafeer 1H1

Sarmad 2H1

Ambrah 1h1

Ajeeb 1H1

Sakhiya 1H1

1H1

slide11

Conclusion 1:

Optimization of the bit program can significantly reduce drilling time and well costs.

A specialized bit company should manage the bit program.

Smith Eurasia, an exclusive partner ofSmith International, has the expertise and technology required to provide such services in the former Soviet Union.

slide12

Specific Features of Drilling Operations in the FSU

а) impossibility to fully optimizedrilling parameters due to lack of required drilling equipment;

b) low availability of high-end modern equipment and tools in drilling companies;

c) low quality of drilling muds and their treatment;

d) use of high-RPM turbine drilling;

slide13

Conclusion 2:

а) optimal and efficient combination of available equipment and technology with the most advanced Western equipment and technology.

b) optimization of financial and logistical arrangements for equipment.

c) introduction of new types of services and organization of operations.

slide14

Services Provided

  • Establishment and management of drill bit warehouses
  • Work with bit manufacturers, contracts, placement of orders, financial settlement
  • Drill bit supply with payment after actual use (consignment basis)
  • Engineering support
  • Introduction of advanced technology
  • Control use and running of drill bits, train drilling contractor’s staff
  • Logistics and freight forwarding services
slide15

Effect fromImplementation of the Project

  • Implementation of the Integrated Drill Bit Management and Supply Project will:
  • Reduce well drilling time
  • Reduce well costs
  • Reduce well construction costs and provide additional oil and gas production
  • Increase the service life of drilling equipment and services
  • Improve safety and health status
slide16

Additional Effect fromImplementation of the Project

  • Reduction of drilling crews and a corresponding reduction of administrative and operating costs
  • Improvement of overall drilling technology, reduction of construction time and, as result, quality improvements and start-up of new wells ahead of schedules with receipt of additional production
  • Reduction of drilling mud costs due to reduction of the time to drill a well
  • Reduction of the wear of drilling equipment and its repair costs due to less pipe tripping
  • Reduction of wear and tear of drilling tools due to less drilling time and amount of pipe tripping
slide17

Additional Effect fromImplementation of the Project

  • Savings of considerable amounts of money through reduction of “frozen” warehoused inventory
  • Improved drilling efficiency through constant engineering control, implementation of new technology and creation of a broad database
  • Reduction of downhole problems during well drilling through a reduction of drilling time and amount of pipe tripping
  • Reduction of bit transportation costs an as result a smaller overall amount
  • Reduction of injuries due to less pipe tripping
slide18

Bit Optimization Process

  • Discussed with the Client
  • The goals and objectives of the Project
  • A meeting with the local technical group to establish working contacts.
  • Input Data
  • Technical and geophysical data packages on basic operations. (E Logs, Mud logs, Bit run
  • data, Daily Drilling reports, End of well reports)
  • Selection and Review of Input Data
  • Processing of input data by D B O S software .
  • Review of basic bit and drilling programs.
  • Statistical analysisof base datato determine their average level and development trends
  • A review of the use of products and bits of different manufacturers.
  • Proposals
  • Review and select bits offered by various suppliers.
  • Select optimal types of bits for specific well sections.
  • Complete bit program for the well and its discussion with the local technical service.
  • Introduction of revisions and changes tothe proposals of the local technical people.
  • Approval of the bit program.
  • Daily Services
  • Provision of daily engineering support to drilling crews.
  • Direct involvement inthe process of optimization of drilling.
  • Review of Drilling Results.
  • Review of “immediate” drilling data.
  • Identification of required changes
  • Provision of a report on each drilled well and its discussion with the local technical group.
slide19

Scope of ServicesUnder the Actual Project

1. Smith Eurasiahas established offices and consignment warehouses in each area of NC drilling operations.

2. Engineering groups are operational in each region; a drill bit program is being produced for each well covering both Western and Russian drill bits.

3. An inventory ofboth Western and Russian drill bits is being maintained at warehouses on a consignment basis.

4. The drill bits are delivered individually to each well and are paid for at the time of their use.

5.The engineering group provides engineering support of the drilling process, studies used bits and issues the necessary recommendations.

slide20

Фактическая

Предлагаемая

Time-basis comparison of technical and economic drilling performance

calculated on the basis of the current Bit Program and the Bit Program

Proposed by Smith Eurasia

slide21

Comparison of Technical and Economic Drilling Performance

Estimated on the Basis of the Actual Drill Bit Program vs.

the Drill Bit Program Proposed by Smith Eurasia, in $ Value Terms

Drilling Costs, US$

Costs per Meter, US$

Bit Costs, US$

actual

proposed

slide23

SmithEurasia

1. Bit Life

2. Rate of Penetration

Selection of the optimal range of bits

Drilling Parameters

Drilling Mud Quality

Quality of pay-zone tapping

Working culture

Drilling operations economics

Increased overall oil production due to quicker introduction of wells into production

slide24

SmithEurasia

THANK YOU FOR YOUR ATTENTION

Smith Eurasia – Contact Information:

USA:

11767 Katy Freeway, Suite 645

Houston, Texas 77079

phone: + 1-281-556 9596

fax: +1-281-556 9277

e-mail: info@smitheurasia.com

Russia:

65/4 Leninsky Prospekt

Moscow 117917

phone: + 7-095-135 0163

fax: +7-095-9358621

e-mail: info@smithea.ru