The Rushmore Reviews

The Databank

Introduction The Process Eligibility & Fees Frequently Asked Questions How To Join

The Drilling and Completions Performance Reviews were established by the industry to provide a set of real benefits to operating companies determined to strive to become 'best in class'.

Benefits of participating in the Reviews:

• Establish your competitive performance
  It is nice to know you are doing better than last year, but the real bottom line measure is how you are doing compared to your competitors
• Provide a driver for improvement
  If you can show that others are doing it faster or cheaper you can use this fact to drive improvement
• Target the big gaps
  Most operators are good at some types of wells, or in some areas, but not so good in others. Use this information to make sure you target the biggest potential gains
• Prove, publicise and celebrate achievement
  You have worked hard and smart and achieved great things in well construction, so let the world know and let your people be proud of it
• Add an external viewpoint to your performance scorecard
  As well as reporting on your achievement of internal targets, integrate benchmark results into your standard measurement process
• Identify the 'best in class' operators
  And follow through the whole benchmarking process by sharing best practices with them for mutual benefit
• Obtain indications of what the best in class companies do differently
  Whilst the data will not tell you how they deliver superior performance, it will provide clues or indications for further study
• Validate your 'technical limit' process and add a real achievement marker
  Use the data as a reality check on your technical limit process and targets. If your technical targets are already being achieved by 'best in class' companies, then you may need to review your targets. If your team need a target that is somewhere between their current performance and the 'unachievable' technical limit, the 'best in class' target can be a real indicator of achievement
• Set targets based on 'best in class' performance
  Use the results that the best in class companies achieve as your targets. After all, they are targets that are both excellent and achievable
• Use with incentive schemes
  What better way to calculate independent, verifiable bonus, gain-share or profit-share targets than using benchmark data. Use achievement of best in class or top quartile performance as the threshold for incentive payments
• Planning and budgeting for wells in new areas
  The databank contains time and cost data for land, offshore and deepwater wells from over 45 countries. Use this data to evaluate the viability of future prospects
• Well design and planning
  Offset well data can be studied by engineers during the well design phase to consider how other operators of nearby wells react to the challenges in terms of wellbore size, trajectory, other design aspects, casing schemes, mud selection etc.
  Offset well time-depth charts can be plotted using the tables of time-depth data provided, to see how planned ROP rates compare with others, and ensure that the most appropriate targets are set
• Completion design
  Review the completion design and equipment used by others in similar reservoirs and scrutinise the associated costs, running times and interrupt times. Use the contact data provided in the databank to call the completions people in another operating company in order to discuss their experience of running equipment that you are considering deploying for the first time
• Internal benchmarking in multi-national companies
  Participate in the studies on a global basis and use them for benchmarking between your own companies. Many multi-nationals have used their participation to drive standardisation of metrics across their corporation and to help improve data quality and internal reporting
• High volume land well operators
  Can minimise their data collection workload by choosing the 'land well lite' DPR option. This requires just one full set of data for each 'type' of well drilled and some additional data for each well of the same type thereafter. To qualify for the 'land well lite' option an operator has to drill fifty or more wells in a country in a year. A land well lite operator enjoys the same data access rights as other participants

Offering high data integrity, value for money and ease of use, the Reviews have become the industry standard for benchmarking drilling and completions performance.


Future trends in benchmarking

As many of the major and mid-sized multi-nationals now implement benchmarking as a corporate strategy, there is a clear trend towards full industry participation.

Increasingly the Reviews are being viewed as the 'de facto' industry standard for the sharing of well construction data, used for both internal and external benchmarking.

Current trends also suggest that drilling and completions performance information will be integrated with information on equipment performance and reliability, success of operational tools and techniques and, eventually, to links with well and completion productivity performance.