Complex
Well Probability Cost Model (PCM) - Designed
specifically for use in extended reach and deep water
extended reach field developments; the power of this
system is second-to-none when it comes to changing
field development scenarios on the fly.
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The PCM has a built-in 3D
well planning tool to model well paths from a
single fixed location, from multiple surface locations
or a combination of both. |
The database is structured such
that the operator can easily change the order or number
of wells in a program or change the operational sequence
in a program to determine the sensitivity of project
costs to these changes.
The operator has the choice of
determining whether to analyze these costs via standard
mathematical calculations or utilizing a Monte Carlo
Simulation to determine probabilistic cost distributions
for each scenario.
The operator also has the choice
of inputting site specific weather trends into the
model, which are then factored into determining weather
related downtime into the cost of the project.
Learnings, from either previous
drilling projects or in the progression of the subject
program can also be input to assess their effect on
the project cost.
The flexibility of PCM allows small
localized projects or complex global projects to be
analyzed with relative ease and accuracy.
TAD
System Software
ERD Toolbox
