Current economic conditions are driving operators to drill more cost-effective wells. The use of real-time drilling data is becoming a norm in the oil and gas industries to redefine their key performance indicators (KPIs) at a micro level rather than at traditional macro levels. Some of the examples of micro KPIs include monitoring flat times and invisible lost times (ILTs) to incorporate technical-limit wells and benchmark drilling performances. There is a greater demand by the industry for real-time visualization, on-demand reporting, and setting targets and thresholds for repeated performances for efficiencies, accelerated field developments, and increasing returns on investment (ROIs).
In this webinar, we will learn about the different KPIs that operators are monitoring for quick wins and value adds, and how these can ultimately contribute to the bottom line of well construction. Using analytical dashboards, Digital Well Program™ solution, drilling advisories, and knowledge cubes, customers can make on-demand decisions and efficiently work on their programs, thus reducing planning times and improving time to production considerably.