Abstract
Drilling operations in the Gulf of Mexico (GoM) area, are characterized by high geological uncertainty, which requires optimum engineering, planning, and early risk detection. The expertise and technical knowledge must be complemented with a strategy that accomplishes a continuous and detailed risk evaluation and self-verification process, covering all drilling stages - design, execution, and evaluation. The objective of this paper is to describe how a risk management system was implemented within an integrated services model, resulting in a higher level of operational efficiency. The strategy is based on the technical risk evaluation and determination of initiatives to become effective and efficient during both planning and execution cycles. From the risk identification perspective, establishing different strategies and technologies to minimize the occurrence of undesirable events and defining mitigation measures to reduce the impact, with the inputs of Subject Matter Experts (SMEs) to determine the most appropriate technologies to de-risk operations. Project schedule management is part of the considerations, looking to facilitate the technology implementations and applications across the integrated project and align with the well scope and operational complexity. The implementation of the Risk Management strategy in projects operating under shared risks drilling modality, facilitates the definition of shared risk appetite, objectives, and key performance indicators. The time and cost estimation are the main input for the integrated services provider (ISP) and the Oil and Gas Operator in their performance partnership. This paper will describe different digital solutions that aid in risk management and performance optimization. Key initiatives employed were around resource optimization and dynamic update and reviews of a well’s critical path.
