Iterative drilling simulation process for enhanced economic decision making
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United States of America Patent
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Aug 1, 2006
Grant Date -
Jan 1, 2004
app pub date -
Jun 27, 2003
filing date -
Mar 25, 1996
priority date (Note) -
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Abstract
An iterative drilling simulation method and system for enhanced economic decision making includes obtaining characteristics of a rock column in a formation to be drilled, specifying characteristics of at least one drilling rig system; and iteratively simulating the drilling of a well bore in the formation. The method and system further produce an economic evaluation factor for each iteration of drilling simulation. Each iteration of drilling simulation is a function of the rock column and the characteristics of the at least one drilling rig system according to a prescribed drilling simulation model.
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