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Journal of Petroleum Engineering
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2015
/
Article
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Tab 4
Research Article
An Integrated Approach for Drilling Optimization Using Advanced Drilling Optimizer
Table 4
Well B optimization savings potential.
ROP (ft/h)
Time (hours)
Cost per foot
Total costs
Real
100.89
55.07
$107.92
$601,817.74
Optimized
123.95
44.97
$94.73
$528,226.36
Savings
23.06
10.10
$13.19
$73,591.38