Well Decisions and AFE Support

The Challenge

An E&P company needs a standardized way to effectively track all proposed drilling and well work from their initial inception through to completion or abandonment. Operations and Asset Managers want access to portfolio views of all projects to track project sanctions, issues, and dependencies through time. Project teams want to provide quality control of information and scope and to capture lost knowledge of behind-pipe opportunities, workovers, or recompletion ideas. Everyone wants to reduce the constant demand for the same information. Additionally, teams want a more effective way of capturing the thinking around AFE requests so that decisions can be made faster and within context. 3GiG delivers a solution to these needs.

The 3GiG Solution

3GiG’s Prospect Director is easily configured to store information for all drilling and work-over plans, making this technology very easy to implement throughout the organization. It intelligently tracks well projects throughout the life of the wells. Management gains line-of-sight into projects through Prospect Director’s configurable portfolio-view dashboards. Project managers create and manage information provided by the team members through a series of stage-gates and project sanction decision points and are able to quality check AFEs using Prospect Director’s checklist manager. Multiple well stories are captured in the evergreen knowledge base from projects that go from leads to successful drilling and production. Knowledge of behind-pipe opportunities are captured and easily reviewed through an opportunity register. Even the well stories of all the projects that never receive sanction are captured as well as the reasons why they were rejected. Thus lessons-learned are more visible to the organization. Team members are able to capture their expert recommendations to well project plans and collaborate on final scope of work to be submitted for AFE approval. Reports can be automatically generated from the knowledge base, dramatically increasing project efficiencies.

Prospect Director’s extensive tool set enable users to search the ever-growing well opportunity database to glean best practices, lessons learned and to get line-of-sight clarity on well planning status and ideas. All this improves organizational efficiency and reserves recovery.