triton engineering services company
DESCRIPTION
TRITON ENGINEERING SERVICES COMPANY. CLIENT SERVICES AND COMPANY OVERVIEW. Triton is a subsidiary of Noble Corporation. BUSINESS VISION. WE. HIGHER RETURN ON “INVESTMENT ”. REACH. PROFIT. ACHIEVE. KNOWLEDGE AND EXPERIENCES. TRANSFER. ESTABLISH. COOPERATION. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/1.jpg)
Triton is a subsidiary of Noble Corporation
![Page 2: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/2.jpg)
BUSINESS VISIONBUSINESS VISION
COOPERATIONCOOPERATION
TRANSFERTRANSFER
PROFITPROFIT
ESTABLISH
REACH
ACHIEVE
HIGHER HIGHER RETURN ON RETURN ON
““INVESTMENTINVESTMENT””
WORKING ENVIRONMENT WORKING ENVIRONMENT FOR UNDERSTANDING FOR UNDERSTANDING AND COMMON GOALSAND COMMON GOALS
KNOWLEDGE KNOWLEDGE AND AND
EXPERIENCESEXPERIENCES
WEWE
![Page 3: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/3.jpg)
The Reduction of Lost Time andThe Reduction of Lost Time and Non Productive TimeNon Productive Time
To Implement a Cost Effective Drilling
and Completion Operation
The Reduction of Production CostThe Reduction of Production Cost
Implementation of an Educational ProcessImplementation of an Educational Process
OBJECTIVEOBJECTIVE
![Page 4: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/4.jpg)
GOALGOAL
• Provide a full range of services to the oil and gas industry for their exploratory and development program
– from responsive help to existing resources – to full comprehensive project management
![Page 5: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/5.jpg)
• Preparation and execution of comprehensive: Well design and well construction programs
Workover programs
Well abandonment programs
• Preparation of budgets, detailed costs• Field Supervision of logistics and well operations• Review of drilling data and drilling optimization
studies• End of well reporting and reconciliation
PROJECT MANAGEMENT PROJECT MANAGEMENT SERVICESSERVICES
![Page 6: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/6.jpg)
PROJECT MANAGEMENTPROJECT MANAGEMENTSERVICESSERVICES
• Preparation of operating procedures• Pre-operational Audits:
• Drilling Unit - Service Providers - Vendors• Project - Proposal / Program - Operation
• Preparation and evaluation of tenders:• The provision of services• The procurement of equipment and material
![Page 7: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/7.jpg)
EXPERIENCE
![Page 8: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/8.jpg)
• Completed over 500 well construction projects in 40+ countries:
• High pressure and temperature wells:
• Exploration and development wells
• Directional wells with multiple targets
• 23,000'+ total depth wells
• Complex geological areas
• Salt, sub-salt and rafted shale wells
• Water depths in excess of 7,200’
• Developed client base of major E&P Operators, National Oil
Companies and Independent operators worldwide
COMPANY HIGHLIGHTSCOMPANY HIGHLIGHTS
![Page 9: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/9.jpg)
U.S. GOM
Mexico
Venezuela
Brazil
Canada
EuropeUK,IRL,NLDK, NOR, DL, FR, SPItaly, Black Sea
WORLDWIDE RIG OPERATION ANDWORLDWIDE RIG OPERATION ANDDRILLING ENGINEERING EXPERIENCEDRILLING ENGINEERING EXPERIENCE
WC AfricaMarroco,SenegalGuinea, Ivory CoastGhana, NigeriaGabon,CongoAngola, Namibia
Argentina
Aruba
Peru
OffshoreOnshore
Land AfricaAlgeria, ChadNigeria, Tunisia
EC AfricaMozambique
Middle EastQatar,OmanYemen,Azerbaijan
Far EastChina, VietnamMalaysia, KoreaIndonesia, India
Australia &New Zealand
![Page 10: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/10.jpg)
Wells Internationally 1 Well program - Lukoil; Caspian Sea 2 Well program - El Paso; Brazil 1 Well program - Devon; O/S Ghana 2 Well program - El Paso; O/S Brazil14 Well program - Pemex; O/S Mexico 1 Well program - Devon; O/S Gabon
4 Well program - Brass; O/S Nigeria 2 Well program - RWE; Dutch North Sea17 Well program - PDVSA; Venezuela 8 Well program - Trinmar; O/S Trinidad 8 Well program - Pedco; O/S Korea 2 Well Program - El Paso; O/S Australia 2 Well Program - EOG Resources; O/S Trinidad
PROJECT MANAGEMENTPROJECT MANAGEMENT
![Page 11: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/11.jpg)
MULTIWELL PERFORMANCE OPTIMIZATION
PERFORMANCE DRIVENBA 2249BA 2157
BA 2148
BA 2150 BA 2167
Incentive Curve
BACHAQUERO FIELD PDVSA VENEZUELA
![Page 12: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/12.jpg)
7.3 15.5 6.5 12.9 6.0 12.0 5.56 11.60
2
4
6
8
10
12
14
16
Efiat -5700' Cross River-5900' Abana-6150 Obio-6250'
Rotating Hours x10
Bid Days
BRASS PETROLEUM NIGERIA
![Page 13: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/13.jpg)
Days vs. DepthGOM Sub Salt Well
0
2
4
6
8
10
12
14
16
18
20
0 10 20 30 40 50 60 70 80 90
DAYS
ME
AS
UR
ED
DE
PTH
, 100
0 FT
Ideal
Actual
AFE
![Page 14: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/14.jpg)
WELL CONSTRUCTION WELL CONSTRUCTION SCEMATICSCEMATIC
EVALUATIONand
PLANNING
EXECUTE
CONTROL
ASSESSMENTand
BENCHMARKING
PROJECTMANAGEMENT
![Page 15: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/15.jpg)
Define & align well and geological objectives• Conduct risk assessment
- Risk impact / Probabilities
- Identify, Quantify, Manage
- Mitigation measures / contingency plans
- Lessons Learned ~ inclusion in well plan• Benchmark development
- Rig performance ~ upgrades or improvements
- Operations ~ vendor selection criteria
- Engineering ~ well location specific
- Logistics
ENGINEERING AND PRE-PLANNING
![Page 16: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/16.jpg)
DESIGN & PLANNINGCritical Path Plan Development
• Feasibility studies / life cycle
• Process Control, Risk vs. Success probabilities
• “Front End” engineering - rotating, flat spot times, non- productive time
• Regulatory Assistance ~ if applicable
• Knowledge management: - Average running speeds of casing - Average trip speeds open / cased hole - Average PU / LD time for BHA’s - ROP analyses for rotating / motors
• Marked-up offset well logs w/ hole problems, mud weights, casing depths, L.O.T. test data
![Page 17: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/17.jpg)
DATA COLLECTION DATA COLLECTION KNOWLEDGE MANAGEMENT KNOWLEDGE MANAGEMENT
BENCHMARKINGBENCHMARKING
• Provide real time evaluation of performance
• Post well operations review
• End of well report ~ corporate memory
• Produce “best of the best” drilling benchmarks
• Updating of statistical benchmarks
• Capture of efficiencies & lessons learned
• Update planning process with lessons learned
![Page 18: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/18.jpg)
COST MANAGEMENTCOST MANAGEMENT
• Accurate pre-planning AFE costs
• Accurate tracking of costs during project execution
• End of well review and reconciliation of projected costs / vs. actual costs
• Evaluation of drilling contractor, vendors and
service companies
• Evaluation of variances
• Retention of cost data for corporate memory
• Distribute results
![Page 19: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/19.jpg)
COMPREHENSIVE PROJECTPLANNING AND MANAGEMENT
![Page 20: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/20.jpg)
DRILLING PERFORMANCE DRILLING PERFORMANCE SYSTEMSSYSTEMS
Engineeringand
PlanningOperations
I.D.E.A.SI.D.E.A.S
NDSSNDSS
WITSWITS
OptiDrillOptiDrill
Noble Drill Smart System
Improve Drilling Efficiency Accountability System
Well Information Tracking System
![Page 21: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/21.jpg)
EFFICIENCY DRIVEREFFICIENCY DRIVER
WELL # 1
WELL # 2
WELL # 3
NPV$
REVENUE$ PRODUCTIVITY
OPERATING PROBLEMS
DEVELOPMENT PHASEPAY BACK
EXPLORATION PHASEINVESTMENT
+
TOMORROWTOMORROW
COST$
++
TODAYTODAY
TIME-
![Page 22: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/22.jpg)
TRUE EFFICIENCYTRUE EFFICIENCY
Well # 1
TIME
COST
$
VALUE $VALUE $Well # 2
Well # 3
Well # 4
![Page 23: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/23.jpg)
0
12
34
5
67
8
910
Well # 1 Well # 2 Well # 3 Well # 4
AFE
Total Actual
Total Non Productive
CONFORMISTIC PLANNINGCONFORMISTIC PLANNINGMISMANAGEMENTMISMANAGEMENT
![Page 24: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/24.jpg)
PERFORMANCE PLANNINGPERFORMANCE PLANNING EFFICIENT MANAGEMENTEFFICIENT MANAGEMENT
0
12
34
5
67
8
910
Well # 1 Well # 2 Well # 3 Well # 4
AFE
Total Actual
Total Non Productive
![Page 25: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/25.jpg)
THE DIFFERENCETHE DIFFERENCE
• Proper Allocation of Funds• Increase number of wells drilled
• Increase Production
• Increase Profit and Return on Capital
Plan and Manage for Continuous ImprovementPlan and Manage for Continuous Improvement
![Page 26: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/26.jpg)
• Well plan : Prognosis vs Actual
OPERATION EFFICIENCY OPERATION EFFICIENCY VALUATIONVALUATION
• Drilling Unit : Performance & Down Time
• Drilling practices: Methodology & Technology
• Drilling fluids: Formation Damage
• Logistics : Response Time & Bottle neck
• Third parties : System Performance & Down Time
• Cost : AFE vs Actual Cost
![Page 27: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/27.jpg)
PRODUCTIVITY EFFICIENCY PRODUCTIVITY EFFICIENCY VALUATIONVALUATION
• Reservoir Management
• Completion Design
• Formation Damage
![Page 28: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/28.jpg)
PROCESS
Management Information Technology
Knowledge Management
Data Management
PEOPLE
TECHNOLOGY
EFFICIENCY REQUISITEEFFICIENCY REQUISITE
![Page 29: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/29.jpg)
RISK ASSESSMENT
Synthesize datato generate a subsurface
geologic model
Gather information of offset wells
Apply lessonslearned
Evaluate pore pressure for casing picksIntegrate geologic model
Learning Organization=
People+
Process+
Technology
![Page 30: TRITON ENGINEERING SERVICES COMPANY](https://reader035.vdocuments.net/reader035/viewer/2022062423/5681452d550346895db1f315/html5/thumbnails/30.jpg)
• Professional independent project team
• Team not “tied” to any product or service company
• Objective evaluation and recommendations
• Critical path drilling program generation
• Integration of drilling efficiency systems
• Execution of program based on Cost effectiveness
• Proven track record
CONCLUSION