Enhancing drilling risk & performance management through the use of probabilistic time & cost estimating

SPE/IADC Drilling Conference, Proceedings

Volumn , Issue , 2005, Pages 405-413

  Akins, W M ^a   Abell, M P ^b   Diggins, E M ^a  

^a CNOOC LTD   (China)

^b Peak Group ^*

Author keywords

[No Author keywords available]

Indexed keywords

COMPUTER SIMULATION; COMPUTER SOFTWARE; COSTS; DATA REDUCTION; DECISION MAKING; MONTE CARLO METHODS; OIL WELL DRILLING; OIL WELL PRODUCTION; SCHEDULING;

CAPITAL COST; COST FORECASTING; COST INFORMATION; MONTE CARLO SIMULATORS;

RISK MANAGEMENT;

EID: 22344449099     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2118/92340-ms     Document Type: Conference Paper

References (10)

1. Peterson S.K., Murtha J.A., Schneider F.F.: "Risk Analysis and Monte Carlo Simulation Applied to the Generation of Drilling AFE Estimates", SPE 30887.
2. www.rushmorereviews.com
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4. Purvis D.C.: "Judgment in Probabilistic Analysis", SPE 81996.
5. Capen E.C.: "The Difficulty of Assessing Uncertainty", SPE 5579.
6. Vose, David: Risk Analysis, second edition, John Wiley & Sons, Ltd, Chichester (2003).
7. McIntosh J.: "Probabilistic Methods in Well Construction Management:, MSc Thesis, 2004.
8. Brett J.F., Millheim K.K.: "The Drilling Curve: A Yardstick for Judging Drilling Performance", SPE 15362.
9. Williamson H.S., Sawaryn S.J., Morrison J.W.: "Some Pitfalls in Well Forecasting", SPE 89984.
10. Diggins E., Muir B., Bell R., Elder L.: "Management of the Well Construction Process Using an Intranet-Based Learnings System", SPE 84442.