An integrated process management system is the key to success of an enterprise working in the exploration business. Classic project management consists of the creation of an expectation, the well plan, appropriate process monitoring and the post analysis of the project through the comparison of the expectation and the actual process. As a result of the post analysis lessons learned are compiled.
The quality of this traditional project management is strongly dependent on information flow. State-of-the-art reporting on a drilling rig is recurrent human reporting such as the classic morning report, although there are a lot more sources of information available.
The presented concept of automated reporting, away from human observations, is ensured by utilizing rig sensor data. The automated reporting provides management, engineering and operations with the level of detail and granularity of objective, high quality information they need. It also offers the possibility of knowledge management and exchange at the same organizational level providing different "views" of the same project. This means that operations receive information on detailed process parameters, engineering on essential design variables for future wells and management on cost. Along with traditional project management this new automated reporting enables continuous, real-time project tracking and analysis even with a declining workforce because all information is bundled and under "central control".
Automated reporting is able to cover the life-cycle of every well construction and allows the establishment of high quality benchmarks for future planning and project evaluation in realtime. Moreover, it enhances the learning and experience level of every single person involved in the process.
Finally, it offers the possibility to manage multiple concurrent projects such as a company's fleet of drilling rigs to be able to optimize resource allocation and project economics.