View source for US Patent Application 17664994. METHOD AND SYSTEM FOR DETERMINING A GEOLOGICALLY-GUIDED ASSESSMENT FOR MANAGING DRILLING simplified abstract

=METHOD AND SYSTEM FOR DETERMINING A GEOLOGICALLY-GUIDED ASSESSMENT FOR MANAGING DRILLING=


==Organization Name==

[[:Category:SAUDI ARABIAN OIL COMPANY|SAUDI ARABIAN OIL COMPANY]]


[[Category:SAUDI ARABIAN OIL COMPANY]]

==Inventor(s)==

[[:Category:Ammar Alali of Dhahran (SA)|Ammar Alali of Dhahran (SA)]][[Category:Ammar Alali of Dhahran (SA)]]

[[:Category:Mahmoud F. Abughaban of Dhahran (SA)|Mahmoud F. Abughaban of Dhahran (SA)]][[Category:Mahmoud F. Abughaban of Dhahran (SA)]]

[[:Category:Abdulaziz Hussain Al-hasan of Dhahran (SA)|Abdulaziz Hussain Al-hasan of Dhahran (SA)]][[Category:Abdulaziz Hussain Al-hasan of Dhahran (SA)]]

[[:Category:Amjad Al-makki of Dhahran (SA)|Amjad Al-makki of Dhahran (SA)]][[Category:Amjad Al-makki of Dhahran (SA)]]

==METHOD AND SYSTEM FOR DETERMINING A GEOLOGICALLY-GUIDED ASSESSMENT FOR MANAGING DRILLING - A simplified explanation of the abstract==


This abstract first appeared for US patent application 17664994 titled 'METHOD AND SYSTEM FOR DETERMINING A GEOLOGICALLY-GUIDED ASSESSMENT FOR MANAGING DRILLING

==Simplified Explanation==

This patent application describes a method for optimizing drilling operations by continuously monitoring drilling parameters in real-time and making adjustments to reduce drilling costs. 

* The method involves collecting real-time drilling parameter data during a drilling operation for a specific well.
* A drilling cost model is used to analyze the acquired data and calculate the first drilling cost data.
* The first drilling cost data is evaluated against a predetermined criterion to determine if it meets the desired cost target.
* If the first drilling cost data fails to meet the criterion, a replacement component is identified for the drilling operation.
* The drilling cost model is then used to calculate the second drilling cost data based on using the replacement component.
* If the second drilling cost data satisfies the predetermined criterion, a command is sent to update the drilling operation by changing the drilling system to use the replacement component.


==Original Abstract Submitted==

A method may include obtaining acquired drilling parameter data regarding a drilling parameter in real-time during a drilling operation for a predetermined well. The method may include determining, based on a drilling cost model, first drilling cost data using the acquired drilling parameter data. The method may include determining whether the first drilling cost data satisfies a predetermined criterion. The method may include determining, in response determining that the first drilling cost data fails to satisfy the predetermined criterion, a replacement component for the drilling operation. The method may include determining, based on the drilling cost model, second drilling cost data based on using the replacement component for the drilling operation. The method may include transmitting a command to update the drilling operation by changing a drilling system to use the replacement component in response to determining that the second drilling cost data satisfies the predetermined criterion.



[[Category:E21B44/00]]
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