Driving Operational Excellence: Cost Savings and Performance Optimization Through Tripping and Connection Time Optimization

Abstract

Abstract Achieving operational excellence in the drilling industry is crucial for cost savings and improved efficiency. This abstract highlights the significance of tripping and connection time optimization through a real-time data analytics approach and proactive strategy to drive operational excellence, resulting in substantial cost savings and increased efficiency. Tripping and connection time, which involve the processes of pulling out and running in the hole with drill strings during drilling operations, contribute significantly to the overall drilling time and operational costs. By optimizing these critical activities, drilling teams can achieve remarkable improvements in operational efficiency and financial performance. The current study explores various strategies and technologies employed to minimize tripping and connection time, such as real-time visualization dashboards, advanced data analytics, and intelligent drilling control systems. These approaches aim to detect the invisible lost time (ILT) toward streamlining and expediting the tripping and connection processes while ensuring safety and reliability. The benefits of tripping and connection time optimization are crucial. Firstly, it leads to substantial cost savings by reducing non-productive time and optimizing drilling sequences. Secondly, it enhances operational efficiency by increasing the overall drilling rate, improving rig utilization, and enabling faster drilling cycle times. Case studies and industry examples through the research demonstrated a cost saving of 14 k$ from only one well through optimizing the tripping and connection time, demonstrating successful implementation of tripping and connection time proactive optimization strategies. Real-time data analytics plays a proactive role in detecting inefficient tripping and connection performance by providing timely insights and alerts. This capability enables prompt corrective actions to be taken, ensuring optimal tripping and connection operations. These real-world scenarios showcase the significant cost savings achieved and the positive impact on operational performance. Based on the results and observations, it can be concluded that tripping and connection time optimization is a vital strategy for achieving operational excellence, cost savings, and improved efficiency in drilling operations. By leveraging real-time data analytics, automation, and advanced technologies, drilling companies can drive performance improvements, enhance financial outcomes, and maintain a competitive edge in the industry. Future research and industry efforts should focus on further refining and expanding these strategies to maximize the benefits and drive continuous improvement in the pursuit of operational excellence.