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View Prior Art for Claim 00001

A method of drilling a well, the method comprising:providing an interactive decision-support planning tool that aids a user as to how to drill the well and how to make drilling decisions while the well is being drilled; and

operating the decision-support planning tool to generate drilling decisions that reduce financial risk associated with the cost of drilling the well below that achievable without using the interactive decision-support planning tool and/or increase financial return associated with the cost of drilling the well above that achievable without using the interactive decision-support planning tool, such that the financial risk and/or financial return are allocated in a desired manner among a plurality of drilling operation stakeholders, wherein the stakeholders are held contracturally to subsets of the fleet of asset's risks.

#482ExxonMobil Cuts Drilling Time by Up to 35%

Applies to Claims 1

Submitted by: Diane WillisLast updated: almost 4 years ago

Title ExxonMobil Cuts Drilling Time by Up to 35%; But Crude Output Drops 2.3% in Q3

Description

Article on "ExxonMobil’s Fast Drill Process (FDP) achieves this breakthrough performance by using real-time, computer analysis of the drilling system’s energy consumption."

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#487Improving Well Placement with Modeling While Drilling

Applies to Claims 1

Submitted by: Joseph MeranteLast updated: almost 4 years ago

Title Improving Well Placement with Modeling While Drilling

Description

An article describing a software application that monitors a well and evaluates risk in real time.

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