Operator draws on new drilling optimization systems in Western Canada

02/14/2005
Canadian Natural Resources Ltd. used two new drilling optimization techniques developed by Baker Hughes—an expert system for drill bit selection and software to predict the achievable rate of penetration—to improve risk management in Western Canada.In a time when the industry is trying to cut costs and improve drilling performance, more companies strive to understand better their exposed project risks and rewards based on their capital investment. To ensure the balance of risk and reward is maintained, it is essential to understand where improvements can be made and to what extent they may affect the overall drilling operation.Drilling optimization practices and techniques can...
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