Research Paper on Benchmarking Drilling Performance” is a technical guide that provides an overview of benchmarking as a tool for measuring and improving drilling performance in the oil and gas industry. The paper explains the concept of benchmarking and its importance in drilling operations, including how it can be used to identify best practices, track progress, and drive continuous improvement. The author explores various types of drilling performance metrics, including drilling time, footage drilled, and drilling costs, and explains how they can be used to benchmark performance.
The paper also discusses the challenges and limitations of benchmarking, such as data availability and comparability issues. The paper includes case studies that illustrate the practical application of benchmarking in drilling operations. The author provides practical tips and recommendations for implementing a benchmarking program, including selecting appropriate metrics, collecting and analyzing data, and communicating results.
Overall, “Research Paper on Benchmarking Drilling Performance” is a valuable resource for drilling engineers, managers, and other industry stakeholders who are interested in improving drilling efficiency and reducing costs. The paper provides a detailed overview of benchmarking as a tool for measuring and improving drilling performance, including practical insights and recommendations for successful implementation.
Published In: 2005
Author: Hugo Valdez and Jurgen Sager, Transocean