DGI: EarthVision Solutions - Drill Path Optimization

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Drill Path Optimization

How Much Can You Save by Drilling the Best Well Path?

One international oil company was able to save three million dollars using EarthVision's geologic modeling software. The company was operating in the Gulf of Mexico and decided to drill a new well through an overhang into a trap up against a salt dome. Their production group went through the AFE process and committed four million dollars for the well.

The company planned to drill through thousands of feet of salt in the overhang -- always a troublesome and costly procedure.

Originally proposed well (red) shown with nearby existing well (green) and the alternative well path (yellow) that saved the company three million dollars in drilling costs.

EarthVision Saves Dollars Optimizing the Well Path

Salt-dome close-up.

(Click on the images for a larger version.)

The oil company contracted with Halliburton to conduct a salt proximity seismic survey around the dome to better define the salt boundary. As part of the project, Halliburton offered to use EarthVision to build a 3D geologic model of the salt dome and the trap. As a result of using EarthVision, Halliburton was able to show the production group how they could save three million of the four million dollars related to drilling the well.

After the salt dome model was constructed, Halliburton displayed the proposed well path along with all of the nearby wells owned by the company. Halliburton discovered that one of the existing wells was ideally situated so that a deviated bore hole could be "kicked off" and drilled directly into the trap, completely avoiding the salt.

This far more economic alternative was recognized only after EarthVision's 3D geologic models were brought into the decision-making process. By following this course of action, they saved themselves three million dollars of committed funds!

Can You Afford to Drill without EarthVision?

Original well.

As a result, the company acquired multiple seats of EarthVision for evaluating salt-related structures. They feel strongly that EarthVision's geologic models have made them very competitive in lease sales. How much money can you save by using EarthVision? How much more oil can you produce?

EarthVision unlocks the profit potential of 3D models--effective tools for maximizing drilling dollars.

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Last updated: March 22, 2007