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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
Integrated Management and Drill Bit Supply to Companies of the Oil and Gas Industry
Oversight and provision of the following types of services:
Use of D B O S software
of the Well
Utilization of Experience
Drill Bit Optimization Process
South Oman:Deepwater Exploration
Hourly Rate = $1050
GTXCP03 used in all wells
Tripping = 6 hrs
Control directional drilling
during load variation
With new BHA
Reduced RPM and increased circulation volume
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.
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;
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.
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.
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
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$
1. Bit Life
2. Rate of Penetration
Selection of the optimal range of bits
Drilling Mud Quality
Quality of pay-zone tapping
Drilling operations economics
Increased overall oil production due to quicker introduction of wells into production
THANK YOU FOR YOUR ATTENTION
Smith Eurasia – Contact Information:
11767 Katy Freeway, Suite 645
Houston, Texas 77079
phone: + 1-281-556 9596
fax: +1-281-556 9277
65/4 Leninsky Prospekt
phone: + 7-095-135 0163