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A Comparative Analysis of Well Key Performance Indicators (KPIs) with Well Complexities Using Well Complexity Calculator

  • 08-11-2022
  • Research Article-Petroleum Engineering
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Abstract

The article delves into the evaluation of well key performance indicators (KPIs) in the oil and gas industry, discussing both macro and micro KPIs. It highlights the debate around the comparison of these KPIs and the importance of selecting appropriate benchmarks for performance evaluation. The introduction of a well complexity calculator is a significant contribution, enabling the comparison of wells with varying complexities and providing a more accurate assessment of drilling performance. The study also underscores the limitations of commonly used KPIs like non-productive time (NPT) percentage and advocates for the use of absolute drilling KPIs for a more logical performance comparison. The article concludes by emphasizing the potential of the well complexity calculator in setting realistic planned KPIs and benchmarking drilling performance across different teams and companies.

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Title
A Comparative Analysis of Well Key Performance Indicators (KPIs) with Well Complexities Using Well Complexity Calculator
Authors
Javed Haneef
Assad Sheraz
Publication date
08-11-2022
Publisher
Springer Berlin Heidelberg
Published in
Arabian Journal for Science and Engineering / Issue 7/2023
Print ISSN: 2193-567X
Electronic ISSN: 2191-4281
DOI
https://doi.org/10.1007/s13369-022-07436-7
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