SPE Oil and Gas India Conference and Exhibition 2010
DOI: 10.2118/129030-ms
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Drilling Hazard Mitigation Technologies Key in Eliminating Non-Productive Time in Challenging Wells

Abstract: Cost overruns can easily manifest during well construction because of unexpected issues including lost returns, differential sticking, and narrow pore pressure/fracture gradients. To better plan for potential overruns, operators sometimes earmark 10 to 25% of the Authorization for Expenditures (AFE) to cover the unexpected costs, which can significantly affect drilling budgets. Technical and operational risks versus the potential return on investment (ROI) are critical factors in determining whether a project … Show more

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Cited by 6 publications
(2 citation statements)
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“…Not only geological uncertainty, but also mechanical issues or human errors are the results of these incidents. Finally, the drilling schedule, budget, project completion, and credibility of the companies concerned will be impacted by these disruptions [34]. More updated information surfaces when the drilling starts and some expected hazards may still cause harm, whereas others may not.…”
Section: Risk Management In Drilling Processmentioning
confidence: 99%
“…Not only geological uncertainty, but also mechanical issues or human errors are the results of these incidents. Finally, the drilling schedule, budget, project completion, and credibility of the companies concerned will be impacted by these disruptions [34]. More updated information surfaces when the drilling starts and some expected hazards may still cause harm, whereas others may not.…”
Section: Risk Management In Drilling Processmentioning
confidence: 99%
“…In addition, Gala et al (2010) reviewed the relation between the NPT and drilling hazards. They developed engineering evaluation processes that helped use of the best drilling tools and techniques available to them to reduce the NPT from 40 to 10%.…”
Section: Introductionmentioning
confidence: 99%