Real-time drilling monitoring is a proven way for oil and gas companies to reduce risks and identify problems in their early stages. The faster a company addresses and solves issues, the less production loss they experience. By knowing the reservoir conditions and monitoring drilling throughout the process, companies can reduce targeting risks and maximize production levels. Here’s why:
It Helps You Plan for Success
Before starting your real-time drilling monitoring, you must first plan your well to maximize its potential. Many real-time drilling software solutions include 3D imaging that enables you to plot the ideal location for a new well and understand the reservoir conditions so you can choose the most appropriate equipment for the project. Your geologist and reservoir engineers will then evaluate and analyze collected data and recommend the best locations for producing greater volumes of oil and gas.
It Acts as Your Guide to the Best Location
After planning your well, engineers use real-time drilling monitoring to watch over the drilling process and to keep the wellbore within the best zone. During this phase, they monitor the development of the wellbore in comparison to the projected path, confirm trajectory, foresee an event, perform clearance calculations, and more. Rest assured that you’ll get the results you desire with your engineers viewing the drilling in real-time.
It Reduces Targeting Risks
Real-time drilling monitoring is the most effective solution to reduce targeting risks because it allows you to clearly see the penetration and how your equipment approaches the reservoir. Drilling blindly increases the chances of errors and even a minor mistake can dramatically affect your overall production. But with real-time drilling monitoring, you’re better equipped to stay on target with your goals.