Takamul: A Digital Solution to Manage New Oil Performance from End-to-End

Abstract

In any E&P organization, drilling new wells is part of field development activity. This allows company to bring into production additional oil from different fields. Number of new wells drilled varies from company to company from a few to hundreds as in case of Petroleum Development Oman (PDO). Drilling new wells is a capital-intensive activity. Contribution to the overall production from new wells makes for higher returns on investment. New oil production, is an integrated activity involving a number of departments and different stakeholders. Information and data come from different sources and has to be validated by different stakeholders. Over the years, this has been done in a traditional manner with smart use of spreadsheets. However, with increase in activity, this way of working became cumbersum and time consuming. In business planning, it is important to select an optimum set of activities for drilling which will generate most new oil from allocated resources and budget. It should also be able to quantify opportunity oil in changing requirements. This means generating alternative sequences and comparing them against a set of KPIs and constraints. This exercise is required to be carried out within a cluster and across different clusters in a business unit. With the use of smart spreadsheets, this was getting difficult and time consuming. Resulting in suboptimal drilling sequence and missed opportunity to increase New Oil production.