DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION

Research output: Contribution to conferencePosterResearchpeer-review

Standard

DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION. / Bailey, Philip (Editor); Alexis Koulidis ; Yaseen El-Aayi .

2016. Poster session presented at 7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE, Katowice, Poland.

Research output: Contribution to conferencePosterResearchpeer-review

Harvard

Bailey, P (ed.), Alexis Koulidis & Yaseen El-Aayi 2016, 'DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION', 7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE, Katowice, Poland, 11/07/16 - 14/07/16.

APA

Bailey, P. (Ed.), Alexis Koulidis , & Yaseen El-Aayi (Accepted/In press). DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION. Poster session presented at 7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE, Katowice, Poland.

Vancouver

Bailey P, (ed.), Alexis Koulidis , Yaseen El-Aayi . DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION. 2016. Poster session presented at 7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE, Katowice, Poland.

Author

Bailey, Philip (Editor) ; Alexis Koulidis ; Yaseen El-Aayi . / DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION. Poster session presented at 7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE, Katowice, Poland.

Bibtex - Download

@conference{b9b5753927b340edaca928e5a76a771b,
title = "DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION",
abstract = "Many factors influence the drilling of a given well, and by simulating the drilling process, offset wells can be drilling considerably quicker and more economically effective. The application has positive implications for both service companies and operators in times of oil price volatility.IntroductionDuring states of economic downturn in the Oil and Gas Industry, resulting from lower than desirable oil prices, cost reductions associated with the drilling procedure becomes increasingly important for theeconomic outlook of petroleum projects worldwide.There are a multitude of factors present in the drilling process which ultimately effect the economic viability of oil and gas developmental projects, directly impacting the operational perspective. This paper will focus on the primary factors in the drilling process which can be manipulated from a technical standpoint and examined for analysis. By varying these parameters, an optimal drilling plan will bedeveloped and an economic study will be conducted with a resulting cost optimization analysis and discussion.",
keywords = "drilling, optimization, low cost, simulation",
author = "Philip Bailey and {Alexis Koulidis} and {Yaseen El-Aayi}",
year = "2016",
month = jul,
day = "11",
language = "English",
note = "7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE ; Conference date: 11-07-2016 Through 14-07-2016",

}

RIS (suitable for import to EndNote) - Download

TY - CONF

T1 - DRILLING OPTIMAZATION WITH PAYZONE DRILLING SIMULATOR AND ECONOMIC ANALYSIS OF COST REDUCTION

AU - Alexis Koulidis

AU - Yaseen El-Aayi

A2 - Bailey, Philip

PY - 2016/7/11

Y1 - 2016/7/11

N2 - Many factors influence the drilling of a given well, and by simulating the drilling process, offset wells can be drilling considerably quicker and more economically effective. The application has positive implications for both service companies and operators in times of oil price volatility.IntroductionDuring states of economic downturn in the Oil and Gas Industry, resulting from lower than desirable oil prices, cost reductions associated with the drilling procedure becomes increasingly important for theeconomic outlook of petroleum projects worldwide.There are a multitude of factors present in the drilling process which ultimately effect the economic viability of oil and gas developmental projects, directly impacting the operational perspective. This paper will focus on the primary factors in the drilling process which can be manipulated from a technical standpoint and examined for analysis. By varying these parameters, an optimal drilling plan will bedeveloped and an economic study will be conducted with a resulting cost optimization analysis and discussion.

AB - Many factors influence the drilling of a given well, and by simulating the drilling process, offset wells can be drilling considerably quicker and more economically effective. The application has positive implications for both service companies and operators in times of oil price volatility.IntroductionDuring states of economic downturn in the Oil and Gas Industry, resulting from lower than desirable oil prices, cost reductions associated with the drilling procedure becomes increasingly important for theeconomic outlook of petroleum projects worldwide.There are a multitude of factors present in the drilling process which ultimately effect the economic viability of oil and gas developmental projects, directly impacting the operational perspective. This paper will focus on the primary factors in the drilling process which can be manipulated from a technical standpoint and examined for analysis. By varying these parameters, an optimal drilling plan will bedeveloped and an economic study will be conducted with a resulting cost optimization analysis and discussion.

KW - drilling

KW - optimization

KW - low cost

KW - simulation

UR - http://www.skngf.us.edu.pl/igsc/about.html

M3 - Poster

T2 - 7TH INTERNATIONAL GEOSCIENCES STUDENT CONFERENCE

Y2 - 11 July 2016 through 14 July 2016

ER -