Large well counts, forecasting production, and capital require the ability to schedule wells en masse. When scheduling wells, the bottleneck is often the availability of a rig. To maximize efficiencies, rigs are generally booked to drill multiple wells by using standardized techniques and technologies. The challenge many E&P companies have is aligning their well inventory with the rigs that are available.
When scheduling rigs, companies find it challenging to bring technical well data into realistic investment cases. Aligning technical well data with operational and business planning processes can be an arduous and difficult process. It can be challenging to monitor and forecast field development in conjunction with delivery dates, surface infrastructure, capital requirements and production forecasts.
Currently E&P companies largely use Excel when putting together budgetary rig schedules. These files become large and cumbersome while attempting to align a number of competing factors (such as rig availability, capital and production limits) in order to schedule drilling, completions and production dates for each well. Operationally, companies use project scheduling tools such as Primavera or segment specific Rig View.
By combining the power of optimization with an integrated asset calculation engine, PalantirRESOURCE ax™ can schedule a large number of activities with diverse restrictions and dependencies. Users are able to use technical well inventory information, rig availabilities, and activity timings to create realistic operational plans, capital budgets and production forecasts. PalantirRESOURCE ax™ converts complex projects down into their schedulable parts to quickly build up activity schedules. Adjusting a schedule is as easy as dragging and dropping activities. Dependencies and scheduling knock-on effects are taken into account automatically, allowing the user to see real time impacts on capital, production estimates and deadlines.
Benefits of PalantirRESOURCE ax™’s Rig Scheduling Solution:
An extensible scheduling environment where users can quickly add milestones, budget constraints and other commitments to ensure deliverability of the rig schedule. Integrates with multiple data sets for dynamically updated schedules. Users are able to integrate excel models with data from other systems, including leasehold databases and Landmark Well Planning™ to quickly combine well inventory, cycle times, production profiles and costs. Cost, production, rig requirements and cash flow are updated dynamically even with schedules that involve thousands of wells. Companies are able to have a clear view of the impact of changes to profitability, creating better alignment across teams and throughout the organization.
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