Industry Article: Opportunities to Lower Costs Will Abound if Service Companies Are Engaged at Design Phase, Allowed to Leverage Expertise

Substantive cost reductions also require changes to traditional procurement-driven model, adoption of integrated approach

Drilling Contractor - Opportunities to Lower Costs
Publication: Drilling Contractor
Publication Date: 01/01/2016

M-I SWACO president discusses integrated solutions and early engagement with customers in project planning in an interview with Drilling Contractor. He explains how the adoption of an integrated approach along with alignment of business objectives between the customer and the service company improves efficiency, increases reliability and delivers bigger savings to both parties. 

In Schlumberger, the transformation, which is rooted in the research and engineering processes, has paved the way for the introduction of new technologies into the marketplace in a shorter amount of time. Integrating drilling technologies in the downhole and surface systems delivers higher reliability and efficiency, as opposed to putting together individually designed components that the customer might combine from several companies. In addition, the experience and competency of Schlumberger engineers helps to increase the reliability of services, which contributes to additional cost reductions for customers. 

Also highlighted is the value of early involvement at the project design phase and working with KPIs that the customers view as indicators of success. A good example of this approach is Statoil’s Mariner project in the North Sea.  The commercial model provides for total well delivery—from drilling to production—that maximizes value via the integration of a “one team” approach with a shared understanding of the project’s objectives.

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