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Well Lifecycle Management

Well Lifecycle Management. Jeremiah Brinkworth November 3, 2010 Product Manager. E&P Challenges. Decentralized data: Data overload Employees spending too much time looking for data Reporting Differences Departmentalization Workflows are very departmentalized

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Well Lifecycle Management

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  1. Well Lifecycle Management Jeremiah Brinkworth November 3, 2010 Product Manager

  2. E&P Challenges Decentralized data: • Data overload • Employees spending too much time looking for data • Reporting Differences Departmentalization • Workflows are very departmentalized • Terminology varies widely throughout the Well Lifecycle • Whitespace between Accounting and Operations Knowledge Management • Crew Change is difficult to keep up with • Process Improvement is external and gets overlooked

  3. Well Lifecycle Management Well Lifecycle Management: The moving of Assets through the functional steps from Opportunity to Abandonment Geology and Prognosis Surface and Mineral Land Regulatory and Compliance Completions Workovers Pipeline and Facilities Reclamation and Abandonment Opportunity Inventory AFE and Cost Control Construction Drilling Well Planning (Including Rig Scheduler) Work Flow for Routing, Approval and Notification PLAN EXPLORE DEVELOP PRODUCE WORKOVER DECOMMISSION Consistent workflow framework to manage and optimize operations across the entire lifecycle of a well

  4. Well Lifecycle Guiding Principles • Identify Source of Truth/Record for different types of data • Minimize Systems and Integrate where not possible • Understand and document standard business process • Targeted Corporate KPIs • Plan, Execute and Improve

  5. Resource Play Drilling Workflow Minimizing cycle-time and cost between these departmental workflows provides competitive advantage Wildlife, Raptor, Bird, and Calving Stipulations Hostile Landowners Unable to clear title Un-Economic location based on Development drilling Unable to get Drilling permits Regulatory changes Insufficient water treating / Handling capabilities Insufficient Infrastructure Land Department Reservoir / Reserves Engineering Permitting Drilling & Completions Facilities Production

  6. Real-world workflow: Dot on Map to Spud

  7. Reducing Cycle Times Current

  8. Process Improvement Iterative Cycle Measurement and KPIs Business Process Visibility Business Process Improvement System Business Process System Enhancements and Implement additional features

  9. Dashboard Examples Budget, Field Estimates,and Actual costs Metrics on AFEs as work in process, and cycle times for AFE approval

  10. Dashboard Examples Process Cycle-time metrics

  11. Well Lifecycle Benefits Centralized data: • Better understanding of data and its location • Employees spend less time looking for data • Unified view of data no matter where reports came from Corporate view of Assets • Workflows are tied together throughout the corporation • Terminology gaps are minimized throughout the Well Lifecycle • Whitespace between Accounting and Operations is greatly decreased Knowledge Management • New employee benefit from the knowledge captured • Process Improvement is built into the system

  12. Well Lifecycle Management Jeremiah Brinkworth November 3, 2010 Product Manager

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