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SPRING, Texas — Exxon Mobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and Exxon Mobil’s experience in drilling surveillance and optimization.
Fast Drill combines high-end modeling of drilling physics, with structured well planning and design to identify limiters and maximize performance. Exxon Mobil’s drilling rate has improved more than 80% since introducing the Fast Drill process more than a decade ago. The Drilling Advisory System automates and enables implementation of the Fast Drill process in real time on the rig floor by integrating Exxon Mobil proprietary modeling with data analytics. Use of the Drilling Advisory System has thus far improved Exxon Mobil’s drilling performance at nine fields.
“Energy producers today are looking for any opportunities to improve operational efficiency and reduce costs,” said Tom Schuessler, president of Exxon Mobil Upstream Research Company. “The drilling advisory system component to our efficient Fast Drill technology provides such an opportunity by enhancing monitoring and improving drilling performance, thus reducing costs.”
Exxon Mobil’s Fast Drill process has resulted in an annual energy savings equivalent to removing 1,200 cars from the road. The additional reduction in fuel consumed translates to a proportionate decrease in emissions.
“The deployment of Exxon Mobil’s Drilling Advisory System extends our portfolio of technologies that can significantly improve the efficiency and effectiveness of drilling operations,” said Marcel Kessler, president and CEO of Pason. “We have enjoyed working with Exxon Mobil through the development and field demonstration phases of this project. This license is the culmination of that hard work.”
Source: www.worldoil.com