To manage drilling risk and reduce non‐productive time (NPT), you need to be aware of past problems. A major circulation loss on a single well can negate the efficiency gains of an entire drill program, and cost your company hundreds of thousands of dollars. But as in many situations, you don’t know what you
Canada’s energy industry is not only the most carefully managed, regulated, and environmentally responsible in the world, it’s also one of the most innovative. Canadian E&P companies are continually at the forefront of developing new, more efficient, cost-effective, and low-impact techniques and technology for resource exploration and exploitation. Even though drilling activity in the
As software technology advances, so do the expectations for reporting and drilling analysis. Operators continue to develop more sophisticated ways to monitor drilling performance, through benchmarking, performance dashboards, KPIs tracking, technical-limit research, and optimization planning. But as with many evolving processes, work is often being done in isolation both within companies and across the