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- W2016303910 abstract "Abstract In the present times of fixed revenues and flat crude prices, an operator must control variable costs in order to remain competitive. Drilling costs are an important part of Capex and reduction of these costs in both Exploration and Development phases has become vital to improve profitability and increase attractiveness of marginal prospects/fields. Significant improvements from advancements in technology will more likely be evolutionary rather than revolutionary and contract rig rates are/have been at all time lows. Thus, the need and the challenge to drill economically will continue. In the realm of areas that an operator influences, improving operational performance is the prime candidate for reducing drilling cost with immediate results using currently available technology/equipment. This paper discusses the Fast Track program introduced by Exxon in floating drilling operations offshore Malaysia that combines the development of ‘Cost Effective Drilling Programs’ with sharply increased ‘Rig Productivity’ to optimize overall drilling performance/quality and safety." @default.
- W2016303910 created "2016-06-24" @default.
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- W2016303910 date "1994-02-15" @default.
- W2016303910 modified "2023-09-26" @default.
- W2016303910 title "Fast Tracking to a Quality Operation" @default.
- W2016303910 doi "https://doi.org/10.2118/27459-ms" @default.
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