MEERA CENTRUM

Oil and Gas E&P Company - Middle East

Introduction

There is a huge excitement globally and across industry sectors about the benefits and threats that digital transformation may bring to business and society. There is no compelling reason why the energy industry, and in particular, upstream oil & gas operators, should not be able to leverage digital transformation to improve their performance to compete successfully and sustainably against other energy solutions. Our team has significantly been expanding its offerings in digital services, digital solutions, and lately in digital transformation enablement and consultancy. This project, completed with a well-known E&P company in the middle east, was one of the most successful projects that showed how digitalization can improve the business performance of an existing mature asset.

Main Challenges

Drilling Sequence Optimization

• Manual drilling sequence changes are inefficient and slow.
• It is not possible to keep track of all KPIs to match and finalize the sequence centrally.

Well Delivery Process (WDP) Tracking

• Existing well planning tools
• Lack collaboration.
• KPI tracking is siloed.

Well Cost Optimization

• Existing practice is siloed tracking.
• Manual steps in the process make it cumbersome and inefficient to track cost

Main Solutions

Drilling Sequence Optimization

• Drilling sequence optimizer and scenario management provide the capability to centrally optimize the sequence.
• Considering all constraints: estimates the associated production, costs, and deferments.
• Significant gains: deferment of new oil, well costs/ Non-Productive Time (NPT).

Well Delivery Process (WDP) Tracking

• Tool provides complete tracking of well lifecycle KPIs centrally by connecting to various sources.
• Improve visualization and collaboration tools make monitoring and decision making very easy.

Well Cost Optimization

• Improve capital efficiency by retrieving the up-to-date (planned and actual) costs.
• Provide cost breakdown per activity.
• Provide cost trend analysis for the latest estimates the tool improves the capital efficiency.

WHAT WE DELIVER

Drilling Activity Sequence Optimization

18% Cost Saving ~ 180,000 USD

40% Optimization In Well Expenditures

16 Rigs' Drilling Sequences Were Optimized

300 New Drillings Were Re-Scheduled

All these accelerated the shareholders' profit from their producing assets.

Main Advantages

Drilling Activity Sequence Optimization

1. Reduction in production deferment.
2. Reduction in Non-Productive Time (NPT).
3. Tracking drilling rig schedule activities.
4. Provide schedule changes optimization to support decisions changes (cost and production).

Well Delivery Process Tracking

1. Track the progress of all the process activities from the well pick process to the first well test.
2. Visualization board that shows all the process steps/activities status (Gantt charts, Maps, and Diagrams).
3. Communication tracker.
4. Development of role-oriented dashboards for each WDP contributor.

Well Cost Optimization

1. Track Cost breakdown per activity (18% Cost saving).
2. Compare Actual vs Planned cost.
3. Auto predict saving/cost based on performance.
4. Generate auto latest estimate based on accrued cost.

All these provided by MEERA CENTRUM make your organization ready for any changes in your asset behaviors.