Risk Impact Analysis Maximises Safety, Efficiency & Drilling Cost Effectiveness: Vital in Today's Oil Price Era

Gibson, Michael (IDEAS S Pte Ltd)

OnePetro 

Abstract With most of the world’s ‘easy play’ oil and gas fields having been found and now being produced, Operators have little choice in many cases but to drill in more and more difficult conditions in order to produce the oil and gas which the world demands. This increase in difficulty is further compounded by a very low oil price these past 18 months (2014 – 2016) which means that every effort must be made to reduce not only the cost of drilling itself but also to ensure that no untoward event occurs such as a blowout. This paper describes a very significant drilling success story completed in Europe (UK North Sea) which has direct applicability to South East Asian Operators & Drilling Contractors. By carrying-out effective Risk Analysis this difficult well was drilled successfully & economically.

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