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| Improving the planning and design of oil wells |
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| Background | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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oil companies agreed to fund an initiative that used Assistum tools to share
best-practice methodology to increase the value of development wells in
the North Sea. Shell, Conoco, Halliburton and Amerada Hess were among the
backers for this project called Well Decision Navigator (WDN). This was
one of several collaborations instigated by the Government to raise the
value of declining oil and gas reserves by £1 billion through sharing
best practice in the industry. A prototype had to be developed rapidly and at low cost. Higher Level Systems was approached because its Assistum knowledge management tools create an ideal framework for managing the questions which the group had defined, and had the ability to capture and store knowledge for sharing throughout the industry. The project was managed for LOGIC by Edinburgh-based decision analysis and knowledge capture specialist TMX Limited. ASSISTUM model enhancements and VBA extensions werer subcontracted to Higher Level Systems Limited. Steve Brady of Conoco, Co-Chairman of the Steering Group, said that his company was already benefiting from valuable insights gained even from the demonstration version. |
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| The application - Well Decision Navigator | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The
decision model aims to increase the value of oil and gas development wells
by ensuring that all the right questions are asked in the planning stage.
As new questions are identified through evolving best-practice, then these
are added to the decision model. In this way the industry expects to propagate
higher quality design decisions targeted at maximising the total lifetime
value of an oil well. A PowerPoint presentation with screen shots is available here. |
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| The software | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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of the new features of Assistum Version 5 were developed specifically for
the Well Decision Navigator project and are now availble to all purchasers
of Version 5.2. The new features enable easy navigation around complex knowledge bases; include versatile and wide-ranging reporting tools; and give the added security of input controls that can be customised. Other features include VBA add-ins to integrate with Microsoft WORD and Microsoft EXCEL. |
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© 2003 Higher Level Systems Ltd