Method system and program storage device for automatically calculating and displaying time and cost data in a well planning system using a Monte Carlo simulation software

Method system and program storage device for automatically calculating and displaying time and cost data in a well planning system using a Monte Carlo simulation software

A method of generating and displaying time and cost data representing the time and the cost to complete a plurality of oilfield related activities in response to a set of engineering results including wellbore geometry and drilling parameters comprises the steps of: (a) assembling a plurality of tim...

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Bibliographische Detailangaben
Hauptverfasser: GIVENS KRIS, VEENINGEN DAAN, JEFFERS JOHN, RAVICHANDRAN GANESAN
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:A method of generating and displaying time and cost data representing the time and the cost to complete a plurality of oilfield related activities in response to a set of engineering results including wellbore geometry and drilling parameters comprises the steps of: (a) assembling a plurality of time data and a plurality of cost data based on the engineering results in response to a plurality of activity templates; and (b) generating a display of the time data and the cost data, the display illustrating the time data and the cost data representing the time and the cost to complete the plurality of oilfield related activities. The display includes a numerical display and a graphical display.