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Osprey Risk

Osprey Risk
Osprey Risk technology helps you achieve a step change
in drilling performance through improved well planning
throughout your organization.
PREDICT YOUR DRILLING RISK
IMPROVE YOUR WELL
E&P companies face growing pressure to reduce
PLANNING PROCESS
drilling costs, while fewer engineers are drilling
■ Evaluate drilling projects
increasingly difficult wells. Operators worldwide have
consistently throughout your
experienced the results of inadequate well planning.
organization by implementing
a standardized planning process
In many cases, risk analysis is based on drilling
history, which can mask serious risks in the current
■ Reduce NPT by quickly
project. Redesigning a well in progress can also
identifying high-impact drilling
result in a poor well plan because of late notice
problems and focusing detailed
and insufficient time.
engineering efforts
■ Understand critical risks
Inconsistent risk assessment processes fail to identify
based on engineered well plans
the primary cause of costly drilling problems: stuck
that incorporate earth model
pipe, kicks, and losses. These problems lead to sig-
Accurately determine your financial exposure with
information
nificant nonproductive time (NPT) and cost overruns.
Monte Carlo probabilistic analysis of time and cost.
■ Better understand cost
The Osprey* Risk drilling risk prediction model helps
versus risk trade-offs by
you achieve a step change in drilling performance
FOCUS ON CRITICAL RISKS FOR SMARTER
easily testing alternative
by improving and standardizing your well planning
COST ESTIMATION
drilling scenarios
process. You can update scenarios while drilling to
Osprey Risk is the first E&P software application
■ Generate probabilistic time
evaluate changes to the risk profile and forecasted
that incorporates earth-property data to estimate
and cost estimates to better
time/cost estimates. If your rig needs to sidetrack
drilling risk and cost. You can rapidly test well design
understand your schedule risk
at short notice, you can
concepts and easily evaluate various cost estimates,
and financial exposure
taking into consideration trade-offs to balance rate
■ quickly review alternatives (with their time,
■ Automate drilling program
of penetration versus stuck pipe and kicks. Results
cost, and risk estimates)
documentation including
of Monte Carlo simulation for probabilistic analysis
an operational activity plan
■ select the best option
show the full range of possible time and costs,
to benchmark rig activities
■ generate all necessary documentation
providing you with a better understanding of your
and AFE-grade cost estimates,
to obtain a supplementary budget
schedule risk and financial exposure. By automatically
to improve staff productivity
assigning time and cost to all phases of the well
■ provide a drilling program to the rig.
operation, the Osprey Risk model provides accurate
Using this breakthrough technology, engineers
estimates for budgetary purposes with greater
throughout your organization will better understand
consistency, reducing the time your engineers spend
and manage risks, deliver more accurate cost esti-
on cost estimation.
mates, reduce NPT, and avoid costly drilling problems.
Osprey Risk
REDUCE OPERATIONAL RISK AND CUT DRILLING COST
Osprey Risk technology supports
■ standard workflow to quickly and objectively rank prospects
relative to cost and risk
■ advanced workflow incorporating geomechanical earth-model
information to more accurately model and mitigate risks caused
by wellbore instability.
Using only a well trajectory and minimal rock-property information
or a complete geomechanical earth model, Osprey Risk software auto-
matically designs the entire well, providing a fit-for-purpose well plan.
By integrating a comprehensive geomechanical model, the Osprey Risk
model delivers more accurate well plans when drilling in complex
Well engineering montage can be used for peer reviews or as a drilling
geological settings. Thus, you can avoid cost overruns from NPT caused
road map.
by wellbore instability or lost circulation. Additionally, costly drilling
problems—extra casing strings, tools lost-in-hole, sidetracks, or loss
INTEGRATE WITH OTHER PRODUCTS
of the entire well—can be circumvented.
The Osprey Risk application makes it easy to integrate planning, execution,
GENERATE AUTOMATED REPORTS
and evaluation workflows with other E&P and drilling solutions from SIS,
such as the following:
Automatically created reports highlight trouble zones and indicate the
severity of potentially high-impact risks. With this information, drilling
■ Interactive Petrophysics™ log analysis system generates the earth
engineers can focus their time on mitigating critical risks. Additional
model inputs for the Osprey Risk model, such as pore pressure and
reports present detailed engineering results, including an editable
fracture gradient.
operational activity plan that can be used to benchmark rig activities
■ Petrel* seismic-to-simulation software offers collaborative visual-
or for technical limit exercises.
ization on the desktop, with modules for well path design and for
The well-on-a-page summary and well-engineering montage can be used
quickly estimating the cost, time, and risk of proposed wells and
for peer reviews or as drilling roadmaps. The probabilistic authorization
sharing these results with the Osprey Risk application.
for expenditure (AFE) makes it easy to create the required documentation
■ Drilling Office* integrated drilling engineering suite loads directional
for internal approval and project sanctioning. The drilling program can
drilling proposals for focusing detailed engineering efforts.
be created with summary charts, tables, and text, dramatically improving
■ Osprey Reports well operations reporting system uses shared opera-
the efficiency and productivity of your engineers.
tional plans, well design elements, and predicted risks for bench-
marking rig activities and alerting wellsite teams to elevated risk levels.
■ Osprey Operations Manager operations performance analysis system
provides the plan used for comparing actual performance and updating
the equipment and performance used as the design basis within the
Osprey Risk model.
SCHLUMBERGER INFORMATION SOLUTIONS
SIS is an operating unit of Schlumberger that provides software,
information management, IT infrastructure, and consulting services.
SIS enables oil and gas companies to achieve breakthrough team
performance, unlocking the potential of E&P teams to step-change
their effectiveness and productivity. Through our technologies and
services, oil and gas companies can drive business performance
and realize the potential of the digital oil field.
The risk assessment function displays key drilling risks as a function of depth.
The risk index function permits impartial comparison of multiple scenarios.
E-mail sisinfo@slb.com or contact your local Schlumberger
representative to learn more.
www.slb.com /sis
*Mark of Schlumberger
Other company, product, and service names are the properties of their respective owners.
Copyright © 2008 Schlumberger. All rights reserved. 07-IS-618