Well planning, evaluation programs improve Phillips' gulf results

• Published in: The Oil & gas journal Vol. 97; no. 38; pp. 56 - 60
• Main Authors: JONES, M.L, ALWORTH, C.D
• Format: Magazine Article
• Language: English
• Published: Tulsa, OK Pennwell 20.09.1999; Endeavor Business Media
• Subjects: Applied sciences; Crude oil, natural gas and petroleum products; Design; Drilling; Energy; Exact sciences and technology; Fuels; Geophysical prospecting. Seismic methods and other methods. Exploration in boreholes. Well logging; Offshore oil wells; Oil exploration; Organizational learning; Petroleum; Planning; Prospecting and exploration; Prospecting and production of crude oil, natural gas, oil shales and tar sands; Quality control; Software; Gulf of Mexico; United States > US; Drilling; Oil company; Marine survey; Scheduling; Planning
• ISSN: 0030-1388; 1944-9151

To ensure that exploration wells deliver maximum value, Phillips Petroleum Co. has developed MaxWell, a set of well-management processes and tools designed to guide well planning, drilling, evaluation, and completion. The program is designed to establish a more coordinated, successful effort by company exploration and drilling departments. Too often, exploration prospects are simply passed to drilling departments that are expected pursue them with the information at hand. Because of these informal hand-offs, drilling departments may end up with confusing objectives and a poor well design or over-design. The prospect may have a spud deadline or require a long lead-time for equipment or have been discussed only briefly in he last drilling coordination meeting. The result can be a very expensive well, poor value to the company, and several authorization for expenditure supplements to pay the experience. To combat this situation, the exploration for, and development of, oil and gas is evolving new planning and execution processes and subprocesses.