Drilling Performance Optimization

A holistic drilling performance optimization requires a multi-faceted approach with a balance of on new technologies, training, data analysis, and risk reduction. An optimized performance combines data gathering, reporting, event recognition, and proactive steps with sound engineering and process planning. Data analysis is a crucial piece of the puzzle that helps identify the root cause of downhole trouble, non-productive time, and other areas of improvement, which then leads to further steps to achieve optimization objectives. Viewing the drilling project as a system that includes not only drilling but various other aspects helps in identifying many obscure areas and achieving overall optimization. Investment in expert services for drilling performance optimization impacts the bottom line and helps greatly in improving the company’s profitability.