ExxonMobil has awarded the first global licence of its patented Drilling Advisory System, an essential component of its Fast Drill technology suite, to Pason Systems.
This licensing agreement will speed up the commercialisation of this technology by combining Pason’s expertise in drilling data along with ExxonMobil’s experience in drilling surveillance and optimisation.
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ExxonMobil upstream research company president Tom Schuessler said: “Energy producers today are looking for any opportunities to improve operational efficiency and reduce costs.
“The drilling advisory system component to our efficient fast drill technology provides such an opportunity by enhancing monitoring and improving drilling performance, therefore reducing costs.”
Fast Drill technology utilises high-end modelling of drilling physics with structured well planning and design to optimise performance.
ExxonMobil introduced this technology more than ten years ago in its operations that improved its drilling rate by 80%.
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By GlobalDataThe Drilling Advisory System improved ExxonMobil’s drilling performance in nine fields and helps in implementing the fast drill process in real time on the rig floor by integrating its proprietary modelling with data analytics.
Pason Systems president and CEO Marcel Kessler said: “The deployment of ExxonMobil’s Drilling Advisory System extends our portfolio of technologies that can significantly improve the efficiency and effectiveness of drilling operations
“We have enjoyed working with ExxonMobil through the development and field demonstration phases of this project. This licence is the culmination of that hard work.”
ExxonMobil’s fast drill process has resulted in an annual energy savings equivalent to removing 1,200 cars from the road.
