Well construction is the largest cost for most operators and yet conversely maintains stubbornly high levels of non-productive and invisible lost time.
Operators are increasingly embracing digital well construction systems that exchange design, planning, and operations information between internal stakeholders, service providers, contractors, and others.
The methods, processes, and tools vary, but the intent is to enable corporate strategies to improve the efficiency and effectiveness of well delivery by removing waste and risk while collaboratively optimizing and applying lessons learned into well requirements, design, planning, and operations. The result is a resilient, corporate value stream management system with quantifiable uncertainties and benefits. These new systems will manage the overall well-construction value streams, waste reduction, and transformation opportunities in procurement, storage, logistics, tracking, and usage, as well as in engineering and management of change.
