If you can’t measure it, you can’t improve it

As a geosteerer (or well placement engineer) how do you measure your performance? How do you prove to your boss that you performed above expectations? What are the Key Performance Indicators (KPI) that you pay attention to when geosteering a well?

Despite the large amount of information related to the benefits of using a geosteering approach in published articles, ONLY few articles mention the advantages of geosteering in a numerical way. I have reviewed existing literature about the benefits of geosteering and although there are many articles that mention several advantages of geosteering, they are ONLY in descriptive form.

These benefits include, but are not limited to:

·     maximizing reservoir contact / exposure to increase production;

·     reducing the drilling time and drilling cost;

·     improving directional control;

·     reducing the number of rig personnel and team members involved in well drilling;

·     eliminating sidetracks;

·     reducing the tortuosity of the well;

·     and post-well analyses that help in planning future wells in the field.

The above listed benefits are however easily manipulated, interdependent on non-geosteering related factors and often rely on subjective evaluation of your superiors. Most importantly, they are descriptive and not numerical.

In any oil and gas value creation process, geosteering occurs much earlier than the production phase. Because of that time difference, when evaluating production results (the bread and butter of oil and gas value creation), geosteering process is often not taken into account or simply forgotten. Subsequently this is one of the reasons that geosteering success or failure is not mentioned as a MAIN factor affecting the reservoir performance. What a shame especially because “good” or “bad” geosteering has a DIRECT effect on the wells production afterwards!

Historically, geosteering has been stuck in limbo between drilling performance and reservoir performance and treated as a necessary evil.

Similarly, from my personal experience, the geosteering process was not mentioned as a contributory factor to value creation in numerous horizontal well drilling operations and client interactions. Furthermore, when searching for technical papers that attribute production increases to effective geosteering, only few articles include quantifiable measures of the advantages of geosteering.

It is time to CHANGE this.

The acknowledgment of the needs for quantifiable KPIs in the geosteeing process has been long overdue.

GeoModes is proposing a new set of KPIs that will provide a quantitative (and not just qualitative) performance indicators for the geosteering process.

Do you want to find out more? Have you experienced similar problems? Would you like to share it with us?

Contact us and find out how quantitative KPIs can improve your geosteering performance.

Remember: If you can’t measure it, you can’t improve it.