Transcript No Slide Title

Triton is a subsidiary of Noble Corporation
BUSINESS VISION
WE
REACH
PROFIT
HIGHER
RETURN ON
“INVESTMENT”
ACHIEVE
TRANSFER
ESTABLISH
COOPERATION
KNOWLEDGE
AND
EXPERIENCES
WORKING ENVIRONMENT
FOR UNDERSTANDING
AND COMMON GOALS
OBJECTIVE
To Implement a Cost Effective Drilling
and Completion Operation
The Reduction of Lost Time and Non Productive Time
The Reduction of Production Cost
Implementation of an Educational Process
GOAL
• 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
PROJECT MANAGEMENT
SERVICES
• 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
SERVICES
• 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
EXPERIENCE
COMPANY HIGHLIGHTS
• 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
WORLDWIDE RIG OPERATION AND
DRILLING ENGINEERING EXPERIENCE
Offshore
Onshore
Europe
UK,IRL,NLD
K, NOR, DL,
FR, SP
Italy, Black
Sea
Canada
Far East
Aruba
U.S. GOM
China, Vietnam
Malaysia, Korea
Indonesia, India
Mexico
Venezuela
Middle East
Qatar,Oman
Yemen,
Azerbaijan
Peru
Brazil
EC Africa
WC Africa
Argentina
Marroco,Senegal
Guinea, Ivory Coast
Ghana, Nigeria
Gabon,Congo
Angola, Namibia
Mozambique
Land Africa
Algeria, Chad
Nigeria, Tunisia
Australia &
New Zealand
PROJECT MANAGEMENT
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 Brazil
14 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 Sea
17 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
MULTIWELL PERFORMANCE
OPTIMIZATION
BACHAQUERO FIELD PDVSA VENEZUELA
PERFORMANCE DRIVEN
Incentive Curve
BA 2249
BA 2157
BA 2148
BA 2150
BA 2167
BRASS PETROLEUM NIGERIA
16
Rotating Hours x10
Bid Days
14
12
10
8
6
4
2
7.3
15.5
6.5 12.9
6.0
12.0
5.56 11.6
0
Efiat -5700'
Cross River-5900'
Abana-6150
Obio-6250'
Days vs. Depth
GOM Sub Salt Well
0
Ideal
2
Actual
4
AFE
MEASURED DEPTH, 1000 FT
6
8
10
12
14
16
18
20
0
10
20
30
40
50
DAYS
60
70
80
90
WELL CONSTRUCTION
SCEMATIC
EVALUATION
and
PLANNING
ASSESSMENT
and
BENCHMARKING
PROJECT
MANAGEMENT
CONTROL
EXECUTE
ENGINEERING AND
PRE-PLANNING
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
DESIGN & PLANNING
Critical 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
DATA COLLECTION
KNOWLEDGE MANAGEMENT
BENCHMARKING
• 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
COST 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
COMPREHENSIVE PROJECT
PLANNING AND MANAGEMENT
DRILLING PERFORMANCE
SYSTEMS
OptiDrill
NDSS
Engineering
and
Planning
Noble Drill Smart System
Operations
I.D.E.A.S
Improve Drilling Efficiency Accountability System
WITS
Well Information Tracking System
EFFICIENCY DRIVER
NPV
$
COST
$
OPERATING PROBLEMS
+
WELL # 1
WELL # 2
EXPLORATION PHASE
INVESTMENT
TODAY
WELL # 3
-
TIME
+
REVENUE
$
DEVELOPMENT PHASE
PAY BACK
TOMORROW
PRODUCTIVITY
TRUE EFFICIENCY
COST
$
Well # 1
Well # 2
VALUE $
Well # 3
Well # 4
TIME
CONFORMISTIC PLANNING
MISMANAGEMENT
10
9
8
7
6
5
4
3
2
1
0
AFE
Total Actual
Total Non Productive
Well # 1
Well # 2
Well # 3
Well # 4
PERFORMANCE PLANNING
EFFICIENT MANAGEMENT
10
9
8
7
6
5
4
3
2
1
0
AFE
Total Actual
Total Non Productive
Well # 1
Well # 2
Well # 3
Well # 4
THE DIFFERENCE
• Proper Allocation of Funds
• Increase number of wells drilled
• Increase Production
• Increase Profit and Return on Capital
Plan and Manage for Continuous Improvement
OPERATION EFFICIENCY
VALUATION
• Well plan :
Prognosis vs Actual
• Drilling practices: Methodology & Technology
• Logistics :
Response Time & Bottle neck
• Drilling fluids: Formation Damage
• Third parties : System Performance & Down Time
• Drilling Unit : Performance & Down Time
• Cost :
AFE vs Actual Cost
PRODUCTIVITY EFFICIENCY
VALUATION
• Reservoir
Management
• Formation
Damage
• Completion
Design
EFFICIENCY REQUISITE
PEOPLE
Management Information
Technology
Knowledge Management
TECHNOLOGY
Data
Management
PROCESS
RISK ASSESSMENT
Gather information of offset wells
Apply lessons
learned
Learning Organization
=
People
+
Process
+
Technology
Evaluate pore pressure for casing picks
Integrate geologic model
Synthesize data
to generate a
subsurface
geologic model
CONCLUSION
• 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