Value Creation with Multi-Criteria Decision Making in Geosteering Operations

Authors

  • K. Kullawan University of Stavanger, 4036 Stavanger, Norway
  • R. B. Bratvold University of Stavanger, 4036 Stavanger, Norway
  • J. E. Bickel University Station, C2200, The University of Texas at Austin, Austin, Texas, 78712-0292, USA

DOI:

https://doi.org/10.15377/2409-787X.2016.03.01.2

Keywords:

Geosteering, real-time well placement, geosteering decision, multi-objective decision, decision making

Abstract

Due to escalated drilling costs, the petroleum industry has been attempting to access the largest possible hydrocarbon resources with the lowest achievable costs. Multiple well objectives are set prior to the start of drilling. Then, a geosteering approach is implemented to help operators achieve these objectives.A comprehensive literature survey has been performed on geosteering case histories, including many cases with multiple objectives. We found that the listed objectives are often conflicting and expressed in different measures. Furthermore, none of the cases from the reviewed literature has discussed a systematic approach for dealing with multiple objectives in geosteering contexts. Without implementing a well-structured approach, decision makers are likely to make judgments about the relative importance of each objective based on previous experiences or on approximate methods. Research shows that such decision-making approaches are unlikely to identify optimal courses of action.In this paper, we propose a systematic method for making multi-criteria decisions in geosteering context. The method is constructed such that it is applicable for real-time operations. Results show that different decision criteria can have significant impact on well success as measured by its trajectory, future production, cost, and operational efficiency.

Author Biographies

K. Kullawan, University of Stavanger, 4036 Stavanger, Norway

Department of Petroleum Engineering

R. B. Bratvold, University of Stavanger, 4036 Stavanger, Norway

Department of Petroleum Engineering

J. E. Bickel, University Station, C2200, The University of Texas at Austin, Austin, Texas, 78712-0292, USA

Graduate Program in Operations Research

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Published

2016-07-29

How to Cite

1.
K. Kullawan, R. B. Bratvold, J. E. Bickel. Value Creation with Multi-Criteria Decision Making in Geosteering Operations. Int. J. Petrol. Technol. [Internet]. 2016Jul.29 [cited 2021Sep.19];3(1):15-31. Available from: https://www.avantipublishers.com/jms/index.php/ijpt/article/view/501

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