| Website | Contact Us | Issue 17 (np). January 2010 |
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| Rushmore Reviews: enabling Operators to 'Benchmark with the Best' Over 35,000 offset wells drilled or completed by 180 Operators in 80 countries |
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| Rushmore Reviews: the only source of independently quality-controlled global drilling, completions and well abandonment data provided directly by the Operator who did the work.
Only at www.RushmoreReviews.com can you access this data provided directly by super-majors such as BP, Chevron, Eni, Shell and Total to the small independents such as Afren, Endeavour, Fairfield, Noreco and Sasol. You can also access key comparative data on wells constructed by Addax, Anadarko, BG, BHP, Cairn, Centrica, ConocoPhillips, Det Norske, Devon, DONG, E.ON, EOG, GDF, Geodynamics, GSPC, Hess, Lundin, Maersk, Marathon, Mariner, Murphy, Nexen, Noble, Occidental, Petronas, Pioneer, Premier, Repsol-YPF, Roc Oil, Rocksource, Statoil, Talisman, TAQA, Tullow, Wintershall, Woodside and over 30 other Operators. For a full list please click here. Over 180 Operating Companies in over 80 countries have provided data that you can now use for your planning, budgeting, target setting and performance management agenda. This data includes all the key time metrics, it includes cost data, it includes the technical information you would want to know including a time-depth chart for every well, a detailed schematic diagram for every completion and a well status drawing for every permanent abandonment. No other provider can offer you a global dataset which has been;
Please click here to view a video demonstration of the data and website. If you have a slow connection the video may not play smoothly, in which case please click "pause", wait a minute or so, then click "play" again and it should be fine. If you would like more information please email or call Helen Rushmore on + 44 (0) 1224 251041. |
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| Hello,
A Happy New Year to you from all of us at the Rushmore Reviews. I’m currently busy making arrangements to visit with current and potential participants in Houston in a few weeks’ time. Accompanied by Peter and Sean, our Senior Sales Associate, we are looking to expand our presence in the deepwater GOM as well as in the Americas region more widely. I expect to be able to announce some significant additional deepwater GOM completions participants very soon. With an average spend of 50m USD and a P90 spend of 75m USD the potential value in high quality offset deepwater GOM completions data is very clear. We are exhibiting at the New Orleans IADC/SPE Drilling Conference 2nd to 4th February (stand 426) and would be delighted to see you there. The following week we are running a DPR and CPR data input training course in Houston, courtesy of Murphy Oil who are hosting the event at their premises. If you would like us to visit with you whilst we are in New Orleans or Houston please do let me know. In March we are travelling to Kuala Lumpur and Perth. We shall be exhibiting at the Australasian Oil and Gas Conference in Perth on 24th – 26th March. We would be delighted to see you at the conference or, if you would like us to visit with you, please do let me know.
If you were unable to attend, please do look at the presentations within the minutes as hyperlinked below. They provide some fascinating insights into developments being made by participants.
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| BHP Billiton Petroleum have resumed data submissions and are in the process of providing global Drilling and Completions data from 2007 to date. This will complete a continuous global dataset of BHP wells back to the 1990’s. Data is currently being provided for Australia and Trinidad as well as an additional 27 wells and 22 completions from deepwater GOM.
Centrica, who recently acquired Venture, are now providing data on all their UK Completions run to date in order to obtain the access to the completions data previously enjoyed by Venture.
We have now published our first four geothermal wells as a result of the first-time participation by Geodynamics Australia in the Drilling Review for 2000 to 2010. We are pleased to welcome another first-time participant, GSPC (Gujarat State Petroleum Corp) of India into the Drilling Review for 2004 to 2009. Mariner have extended their deepwater GOM participation in the Drilling Review to 2010. Sasol have contracted for global participation in the Drilling Review from 2008 to 2010. This will allow participants to access all Sasol’s global data from 2000 onwards including wells in Gabon and Mozambique. We are pleased to welcome another new participant, Talisman Indonesia who have contracted in the Drilling Review from 2000 to 2009. We welcome back Wintershall to participation in the Drilling Review for 2007 to 2011 providing data on wells in Denmark, the Netherlands and UK. |
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| On behalf of everyone who attended our annual meetings we would like to thank the presenters who shared their experiences of transforming the data into value for their companies. Many thanks, therefore to all pictured below, plus Andy Duggan of BP not pictured.
We were pleased to see that, despite the economic climate, meeting numbers held up with a record attendance for the Completions Review meeting. An interesting theme arose from the sessions on using Reviews data for well time estimating. A number of participants rely simply on Rushmore data to produce early well time estimates and then later do detailed engineering work using risk models and some also use probabilistic techniques. The output of these detailed exercises is then 'sense checked' against Rushmore data. What has been surprising is that the initial estimates, based solely on benchmark data, have often been closer to the actual time than the 'engineered' estimates. In fact, one Operator reported that this had been the case for their portfolio of wells for the last four years in a row. It was suggested that because 'real life' data contains all risks it is likely to be more accurately predictive than any 'model' set of risks that could be applied to the well activities. A lively workshop session ensued from Peter’s proposal that a campaign be started to stop using NPT as a measure of performance. While the attendees at the SPE forum in Cadiz earlier this year were all persuaded of the merits of this it is fair to say that, in the time available, there were still some unconvinced at this event. More details in the minutes of this meeting. As well as these meetings we held a Scottish dinner with traditional fiddling and song at Drumtochty Castle. For some photographs of these events please click here. |
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| There are a few places available on the DPR and CPR data input training courses being run in Aberdeen on 26 to 28 January and Houston 9 to 11 February. We expect to run the next Aberdeen training around the end of April.
Although an optional session is provided on website navigation and charting facilities this is not a course on how to analyse the data, but simply on how best to enter it into the data input workbooks. To enrol, or for more details, please email or call Ms. Gillian Thain on + 44 (0)1224 251062. |
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| In response to requests from participants we have made a number of improvements to the website. We have added two new columns to the Performance Metrics box to provide drilling speed in "feet / metres per day excluding coring and logging time". The Help button now explains how the mean is calculated and the meaning of the P10, 50, 90 and quartile values.
If there are any improvements you would like to see to the website please do let us know. |
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IDS, Landmark and Peloton advertise automated Rushmore Reviews data extraction routines for DataNet, OpenWells and WellView. The use of these routines will reduce the time required for data submission. For more information please click on the logos above. |
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| Previous Issues: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | ||||||||||||||
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| Rushmore Reviews is a joint venture of Rushmore Associates Ltd and Sigma Consultancy (Scotland) Ltd | ||||||||||||||