doc id © chevron corporation 2005 witsml paris 16-may-2007 rick morneau “to be the global energy...
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DOC ID© Chevron Corporation 2005
WITSML Paris16-May-2007Rick Morneau
“To be the global energy company most admired
for its people, partnerships, and performance.”
Energy Technology CompanyPartners Creating Value
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2© Chevron Corporation 2005
Agenda
Chevron technology strategies
Standards
Why Chevron joined the WITSML SIG
Existing tools
Chevron’s WITSML activities
Summary
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3© Chevron Corporation 2005
Energy Technology CompanyBusiness Fundamentals
Role is an internal technology provider and integrator & supplying differentiated energy technology solutions & services.
Value creation is achieved by rapidly integrating and applying technologies & practices to achieve superior operational and financial performance.
Business Model based on Multi-tiered funding & external leverage Corp. funded Strategic Research (long term
3+ years) Business-driven R&D (Tech Development)
(shorter term 1-3 years) On-demand technical services & support
Each Department operates as a fully
cost-recovered organization.
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What becomes critical to the digital technology part of the energy business.
Technology applicationapplication is critical to adding value.
Remote operationsRemote operations will be critical in deepwater.
Remote operations may be critical in shelf and land environments.
Big service companies providing all the innovation is not going to happen (margins are too small).
Improved resolutionresolution within the reservoir is critical because:
deepwater wells cost a lot,
fully exploiting existing assets is essential.
Integration opportunities become critical.
Innovation will come from the “fringes of technology”“fringes of technology”, improving equations, reducing approximations and refinement of measurement.
WorkflowWorkflow efforts will be critical to define business value.
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Standards
What do standards mean?
Least common denominator?
No!
Raising the bar? Yes!
Defines what good looks like
Loss of creativity? No!
Actually can enhance
creativity by supplying
framework for innovation
Allows inoperability – not
tool based
What can standards accomplish?
Improve technical analysis
Increased reliability and predictive
accuracy for technical evaluations:
Operational Excellence
Improve organizational efficiency
Standard workflows and processes
to improve organizational
efficiency: Organizational
Capability
Improve portfolio decision quality
Improved ROCE through
reduction in number of dry holes:
Capital Stewardship
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Why Chevron joined the WITSML SIG
We consider WITSML to be a compelling activity but realization of the potential requires follow through by all parties
Impressed by the software solution providers interaction within the WITSML community
Want standards that are working
There are Real implementations, not just theory
On path toward Web services
Important standard for exchange of data
Opportunity to expand the standard
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Current Uses
Using WITSML vendor servers for some deep
water drilling projects for MWD/LWD.
Brazil, Nigeria, Angola and Gulf of Mexico
with increased take-up.
Landmark’s OpenWire
Well bore mechanical viewing tool integrated
into our decision support system
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Current Activities / Direction …
Well Plan
Complete Well
Workover review
Update completed well info
Real Time data
Today this is where we stop
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Current Activities / Plans
Real-time drilling operations
Transfer from drilling system to data
management system for operations and
planning
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10© Chevron Corporation 2005
Current Activities / Plans
Rig
Drilling
System
Drilling
System
Drilling Center
Environment
Database
AppsApps
AppsApps
WITSML
Proprietary
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Summary
We are building more internal expertise… slowly
Expect benefits from a commercial tools
Developing adaptors for our data stores
Encouraging vendors to provide both import/export WITSML
Need to find ways to both lower the cost for acquiring real time data for non-DW wells and to help others in CVX understand the value proposition of WITSML
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12© Chevron Corporation 2005
Thank You
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