UC-656
Improve Late Life and Provision to reduce downtime and extend asset life
One board: every rate and norm, the wells in the campaign, the knowledge still here.
TBDBuild Duration
XXXXIndicative ROI
XXXXBuild Cost
XXXXValue
The Challenge
The opportunity is to eliminate a norm nobody re-tested, a well priced on a rig by habit, and knowledge that leaves at COP. The proposed workflow is source-linked, but the current operating baseline and financial value remain illustrative until validated with the client.
How It Works
- The engine holds every rate, norm, cessation date and post-COP cost as a live parameter, compares each against executed scopes and NSTA benchmarks continuously, and flags assumptions drifting from evidence before the year-end refresh.
- It clusters wells by removal method, prices the vessel option against the rig, and captures the history of each asset nearing COP.
- It covers late-life and removal cost only; producing-asset opex is the Turnaround Engine's.
What It Removes
- A norm nobody re-tested
- A well priced on a rig by habit
- Knowledge that leaves at COP
Input Data RequirementsRelevant operational records, contracts, transactions, schedules, documents and outcome history named in the source proposal
Output FormatOne board: every rate and norm, the wells in the campaign, the knowledge still here.
“Which rate in the provision has drifted furthest from what we actually paid?”