Key Technologies and Solutions to Manage Risks and Overcome the Deepwater Challenges in an Integrated Services Project in the Gulf of Mexico

Abstract

Abstract The deepwater environment is traditionally characterized by high operating costs, making any operational savings extremely valuable when facilitating project development and execution. In a highly volatile oil price environment and while under a long-term commercial relationship, a new strategy was implemented to achieve performance optimization and time reduction. This strategy aimed to attain high efficiency and consistency through the application of an integrated services performance and reward model. The core objective of integrated services projects is to generate synergies for further project optimization, while the goal of a reward model is to promote the utilization of diverse technologies to manage risks and minimize the occurrence of undesirable events. In this paper we aim to describe how various technologies and digital solutions can be integrated to serve risk management endeavors, optimize performance, and meet project-specific needs. The integrated services performance and reward model was designed based on three components: project success criteria, historical nonproductive time (NPT), and key performance indicators (KPIs). Major technologies were evaluated and selected in accordance with the project requirements. Digital solutions were implemented to establish a performance baseline, assist in defining the planned time, and assess project-related risks. Critical tasks involved not only planning but also monitoring the results and comparing them to the KPIs, as well as identifying instances of invisible lost time. In the Gulf of Mexico, characterized by narrow operating windows and frequent lost circulation events, continuous monitoring and control of drilling fluid properties are mandatory, supported by the implementation of digital and automated solutions. In addition, key technologies were introduced for formation characterization and further area development.