Improved subsurface modeling allows operating companies to drill deeper into more complex reservoirs, while increasing recovery rates in existing reservoirs. The latest advances in logging tools and the availability of real-time data allow companies to monitor and geosteer wells for accurate well placement.
These services significantly increase well costs. Additionally, the strong demand for production has created limited rig availability, and day rates are at an all-time high. It is the responsibility of the drilling engineer to ensure that wells are drilled safely, on time and on budget by avoiding non-productive rig time.
Paradigm’s well planning and drilling software solutions are positioned to do just that. Our highly integrated, collaborative portfolio of well planning and drilling engineering software helps operating and service companies reduce drilling uncertainty and risk, and enables quick and accurate well planning, quantified wellbore accuracy, and improved drilling safety.