Go beyond desktop applications and Shape Drilling Operations with Oliasoft smart Rig Scheduling

Ida Sandvold // Product Owner, Petroleum Engineer
Product update
Simplifying well engineering with open, integrative applications

The oil and gas industry faces a critical challenge in optimizing multi-million-dollar drilling operations while navigating complex scheduling constraints. Recent analysis shows that drilling rig costs can range from $20,000 to over $200,000 per day! Making efficient scheduling essential for operational success. 

So, we built a modern, open, easy to use, fully integrated Rig Schedule application that represents a significant advancement in well planning technology.  

Seamlessly integrating with Oliasoft Forecast or your existing forecast systems (we mean open when we say open :), it addresses a persistent industry pain point: the disconnect between planning and execution. SPE data shows that inefficient rig scheduling leads to 15-25% operational inefficiencies in drilling campaigns - translating to millions in avoidable costs for operators. 

Rig Scheduling’s ability to visualize schedule conflicts and automatically highlight gaps helps drilling managers optimize their rig fleet utilization. This is particularly crucial for North Sea operations, where weather windows and seasonal constraints can make or break a drilling campaign. Historical data shows that improved rig scheduling can reduce non-productive time by up to 20%.  

What sets this particular solution apart is its scenario-testing capabilities. Planners can rapidly assess different scheduling options with minimum, likely, and maximum durations - a feature particularly valuable when studies show that approximately 30% of wells exceed their planned durations due to unforeseen circumstances. 

For drilling engineers and well planning teams, this means: 

  • Reduced manual entry errors 
  • Better visualization of schedule conflicts 
  • Improved risk management through mature well status tracking 
  • Enhanced collaboration between planning and operations teams 

The integration with existing forecast tools ensures data consistency - a crucial factor when industry studies indicate that data discrepancies account for roughly 12% of planning inefficiencies. 

Get in touch with me. I'd love to show you a technical demo of our Well Design tools - all working together in one unified platform. 

Sources: 

  • Society of Petroleum Engineers (SPE) Technical Papers Database 
  • Journal of Petroleum Technology (2023) 
  • Rystad Energy Industry Reports