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Owner-operators, independent E&P firms and other related stakeholders have been suffering deeply over the last two plus years of “lower for longer” oil and gas prices. In response industry participants have been increasingly adopting new technologies to reduce costs, increase (or at least maintain) production and recovery rates, and find ways to operate with fewer manpower resources. The latter, of course, due to the more than 400,000 layoffs in recent years and the impact of the “great crew change”. It is encouraging to see owner-operators and relevant industry participants work together to develop technologies that can benefit the industry as a whole.
Along these lines, ExxonMobil has awarded the first global license of its patented Drilling Advisory System (a key component of the company’s Fast Drill technology suite), to Pason Systems, Inc. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization.
Fast Drill combines high-end modeling of drilling physics with structured well planning and design to identify limiters and maximize performance. ExxonMobil’s drilling rate has improved more than 80% since introducing the Fast Drill process more than a decade ago. The Drilling Advisory System automates and enables implementation of the Fast Drill process in real time on the rig floor by integrating ExxonMobil proprietary modeling with data analytics. Use of the Drilling Advisory System has thus far improved Exxon Mobil’s drilling performance at nine fields.
“Energy producers today are looking for any opportunities to improve operational efficiency and reduce costs,” said Tom Schuessler, president of ExxonMobil Upstream Research Company. “The drilling advisory system component to our efficient Fast Drill technology provides such an opportunity by enhancing monitoring and improving drilling performance, thus reducing costs.”
ExxonMobil’s Fast Drill process has resulted in an annual energy savings equivalent to removing 1,200 cars from the road. The additional reduction in fuel consumed translates to a proportionate decrease in emissions.
“The deployment of ExxonMobil’s Drilling Advisory System extends our portfolio of technologies that can significantly improve the efficiency and effectiveness of drilling operations,” said Marcel Kessler, president and CEO of Pason. “We have enjoyed working with ExxonMobil through the development and field demonstration phases of this project. This license is the culmination of that hard work.”
ARC believes that companies operating in the oilfields of today must consider when and where it makes sense to collaborate with partners that may possess domain expertise, resources, and/or the channel necessary to bring about the technology, work processes, or collaborative initiatives that can positively impact operational efficiencies, reduce costs, increase production, and/or improve collaboration.