U.S. IHS | www.ihs.com 125 OFFSET PERFORMANCE BENCHMARKING SOLUTIONS As capital costs increase, a complete understanding of drilling and completions performance is critical for operators to improve drilling and completion performance while reducing costly non-productive time. Offset Performance Benchmarking for Gulf of Mexico Offshore and U.S. Completions Onshore provides clients with benchmarking tools that aggregate and normalize key performance indicators for new well drills and completions. IHS Offset Performance Benchmarking performance software helps you to easily manage the many components necessary to quickly analyze performance against well complexity, non-productive time and costs. This independent external benchmarking system analyzes drilling and completion performances using proprietary algorithms developed by Dodson Data Systems. Using industry averages, this software enables users to quickly evaluate and trend drilling and completions program performance and set future strategies. IHS Offset Performance Benchmarking software provides multiple charting and reporting capabilities at a regional or specific area of interest level for costs and time to drill. Best practices, historical NPT impacts, costs, and rig efficiency data views are available. Establishing long-term performance benchmarks against peers, the industry and your own company can promote efficiencies in initial cost and final production. Our benchmarking tools aggregate and normalize key performance indicators. The MRI™ (Mechanical Risk Index) provides an industry standard point of reference for ranking drilling complexity. The PDI™ (Performance Drilling Index) is a planning tool to estimate the days to drill a well from SPUD Date (or Kickoff Point Date) to the date Final Total Depth. The CRI™ (Completion Risk Index) determines the complexity of the well completion process and is used to normalize well completions by profiling key performance factors for expected completion time proficiency, NPT, cost, and productivity.
IHS Global Energy Information Review
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