Video - Why are exploration wells so expensive and how to cut costs…?

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You are Home » Events » Finding Oil in Atlantic Basins » Video

Finding Oil in Atlantic Basins

Wednesday, May 27, 2015

Video Presentation

<p>Your browser does not support iframes.</p>	Why are exploration wells so expensive and how to cut costs…? View Slides Mike Dyson Navigant
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Talk Description Make the most of lower rig (and contract services) rates (timing, specs, sharing etc) Incentivising performance / aligning objectives Plan and execute the well as a project Apply risk management and mitigation principles Challenge scope / options and reduce complexity Optimise operations – lower variability at a detailed level Increase reliability (especially BOPs) Realise the benefits of technology – eg dual activity rigs, High-grade skills and competencies Teamwork and communications …there is no silver bullet
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