Well Planning is a complex yet critical heart of oil and gas exploration. Layered into this complexity are variations in permitting requirements at all levels – each with different forms, processes, and cycle times. Every degree of improvement offers substantial savings.
To decrease waste and improve flow, lean improvements require a combination of disciplines. And by standardizing the underlying processes and fine-tuning internal approaches to the drilling demand, the potential is enormous.
To effectively optimize the inventory of ready-to-drill wells, a structured approach can reduce planning cycle times and increase visibility into the process. It is not uncommon for the well planning process to take 200+ work days, whereas the ideal state is 60+ work days.
The process involves multiple cross functional disciplines, including Land Management, Geology, Engineering, Legal, and the Drilling / Completions Team.
The business need is to develop a structured process, transform paradigm from functions to process, and develop available-to-drill inventory. In working with customers on this problem, it is clear that while the problem is complex, the value to the organization is exceptional.
To learn more about what we are doing at SigmaFlow with the Oil and Gas industry, follow this link.