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Improving Drilling Performance – BG Group

BG Group · Feb 27, 2012 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Improving Drilling Performance – BG Group – slide 1
    Improving drilling performance John de Lange VP Well Engineering and Production West Eminence drill rig Currently drilling offshore Brazil Credit: Seadrill
  2. Improving Drilling Performance – BG Group – slide 2
    Improving drilling performance Key messages Drilling costs falling Improving drilling performance Falling rig rates Deploying deepwater assembly line approach Opportunities for technological enhancements 3
  3. Improving Drilling Performance – BG Group – slide 3
    Improving drilling performance Typical capex breakdown Typical ultra-deep water gross capex breakdown Pipeline E&A Subsea / other Development drilling FPSO BG Group view, not the Operator or Consortium. 4
  4. Improving Drilling Performance – BG Group – slide 4
    Improving drilling performance Potential for improvement 2009 view Spud to total depth times Time (days) 0 20 40 60 80 100 120 0 1000 Depth [metres] 2000 30/30 vision can maximise savings though performance management and…
  5. Improving Drilling Performance – BG Group – slide 5
    Improving drilling performance Improvements being delivered Spud to total depth times Time (days) 0 50 100 150 0 1000 Depth (metres) 2000 3000 4000 Lula 2006 discovery well: 141 days 5000 6000 *Best composite:…
  6. Improving Drilling Performance – BG Group – slide 6
    Improving drilling performance Rig rates compared to initial contracts Rig rates for 110% ultra-deep water have dropped from 2008/09 peak First rig 100% 100% % First rig rate 90% 80% 70% Periods BG Group…
  7. Improving Drilling Performance – BG Group – slide 7
    Improving drilling performance JV rig contract terms Ocean Rig Corcovado Ocean Rig Mykonos Pacific Mistral West Taurus West Eminence West Orion Vitoria 10000 JV contract is part of a longer 10+ year BR contract Ocean…
  8. Improving Drilling Performance – BG Group – slide 8
    Improving drilling performance Flexible rig contracting strategy Near-term UDW rig demand (based on approved development plans) 18 16 BM-S-9 and 11 14 overall rig requirement 12 10 8 6 Rigs contracted to JV 4 2 0 2011…
  9. Improving Drilling Performance – BG Group – slide 9
    Improving drilling performance Towards a deepwater assembly line SSXmas Riserless Main Drill tree and top hole completion clean up Large number of wells allow specialised rigs to be contracted long term Batch operations…
  10. Improving Drilling Performance – BG Group – slide 10
    Improving drilling performance SeaLanceTM drilling with casing Phase 1: end 2012 Detailed designs and procedures for the following items Phase 2: mid 2013 Manufacture & prepare components/system for lab testing of Phase 1 items…
  11. Improving Drilling Performance – BG Group – slide 11
    Improving drilling performance Dual gradient drilling or riserless drilling Overall drilling efficiency gain by No riser needs Improve wellbore stability mitigate shallow hazards Reducing or slimming down casing strings Current…
  12. Improving Drilling Performance – BG Group – slide 12
    Improving drilling performance Key messages Drilling costs falling Improving drilling performance Falling rig rates Deploying deepwater assembly line approach Opportunities for technological enhancements 13
  13. Improving Drilling Performance – BG Group – slide 13

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