Perspectives
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Time line of rigs: offshore and onshore. Offshore: USD 0.2 to 0.6 million a day = USD 8,333 to 25,000 / hour. Where, instead of generating revenue, delayed decisions sink the investments. Decisions on sampling, circulation, drilling rate (ROP), MPD finger printing, coring, wireline logging, etc. Contracts and Invoice: Deciding on L1 Price quotes-Counterproposals-negotiation-agreement-contract sign- honoring the terms of contract in terms of number of jobs, prices in the book. Dealing with the contract prices during low phase in the industry. Especially when filter pressed by top. Subsurface Data: The tricky part is, convincing the top. The Company doesn’t want to invest on subsurface data acquisition, but it wants production. Production is the surface realization of Reserves. Reserves are generated by study of acquired data. As Operations Manager, though the job is to execute what the core subsurface team needs, a pro-active and advisory approach is solicited when there is a vision of possibility to expand the reserves with a set of acquired data. Managing the software and AMC: Which software is essential and which one is sparsely used, which one is luxury with current budget? Convincing at initial purchase and at AMC
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Perspectives
Transcript of Perspectives
Time line of rigs: offshore and onshore.
Offshore: USD 0.2 to 0.6 million a day = USD 8,333 to 25,000 / hour.
Where, instead of generating revenue, delayed decisions sink the investments.
Decisions on sampling, circulation, drilling rate (ROP), MPD finger printing, coring, wireline logging, etc.
Contracts and Invoice:
Deciding on L1
Price quotes-Counterproposals-negotiation-agreement-contract sign-honoring the terms of contract in terms of number of jobs, prices in the book.
Dealing with the contract prices during low phase in the industry. Especially when filter pressed by top.
Subsurface Data: The tricky part is, convincing the top. The Company doesn’t want to invest on subsurface data acquisition, but it wants production. Production is the surface realization of Reserves. Reserves are generated by study of acquired data.
As Operations Manager, though the job is to execute what the core subsurface team needs, a pro-active and advisory approach is solicited when there is a vision of possibility to expand the reserves with a set of acquired data.
Managing the software and AMC:
Which software is essential and which one is sparsely used, which one is luxury with current budget?
Convincing at initial purchase and at AMC
