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Driving Down Cost Through Operational Efficiency Hamdi Mohamad 14 th October 2014

Driving Down Cost Through Operational Efficiency

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Page 1: Driving Down Cost Through Operational Efficiency

Driving Down Cost Through

Operational Efficiency

Hamdi Mohamad

14th October 2014

Page 2: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 3

Page 3: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 4

▌Safest, Cheapest Way Possible

▌R.O.I is paramount

Page 4: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 5

Page 5: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 6

Page 6: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 7

Engineering Data Analysis Using

Historical Data

▌Vendor & Sources Neutral

▌Business Intelligence Model

▌Ability to quickly identify bad/missing data

Page 7: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 8

MD Op Range

RO

P

Bit Analysis

MD Op Range

Dura

tion

MD Op Range

RO

P

Du

ratio

n

Page 8: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 9

NPT Analysis

NPT Cause Code Total Time NPT Cause Code Total Time (w/out WOW) NPT Cause Code Total Cost CMT NPT Total Time By Wells CMT NPT By Service Company

Page 9: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 10

Predictive Analytics

▌What would you do if you could predict the future?

▌Predictive Analytics using Real Time Data

Page 10: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 11

Predictive Analytics

▌Model built with current & historical real time data

▌Model is updated automatically after an event

▌Ability to follow set of pre determined rules

Page 11: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 12

Predictive Analytics with Real Time Data

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© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 13

In Summary

▌Historical analysis allows better planning

Economical

Operational

▌Make use of available data

Real Time Data

Daily Reports

▌Application of Predictive Analytics in Real Time Operations

Page 13: Driving Down Cost Through Operational Efficiency

© 2014 HALLIBURTON. ALL RIGHTS RESERVED. 14

Thank you. Questions?