Journal of Petroleum Engineering / 2015 / Article / Tab 6

Research Article

An Integrated Approach for Drilling Optimization Using Advanced Drilling Optimizer

Table 6

Well C optimization savings potential.

ROP (m/h)Time (hours)Cost per footTotal costs

Real67.42103.74$154.81$1,041,860.35
Optimized79.7984.34$125.21$842,678.15
Savings12.3719.39$29.60$199,182.20