A recent hackathon organized in the UK has attracted more than 100 professionals from across sectors to see how new and ‘new to wells’ technologies can transform the way wells are constructed and drilled on the UK Continental Shelf.
The hackathon saw the Oil and Gas Authority, Technology Leadership Board (TLB) Workgroup, and ITF bring together people from the oil and gas, nuclear, materials, manufacturing industries, and academia.
OGA said on Monday that the event was ‘the first event of its kind’ to be hosted at the new Oil & Gas Technology Centre (OGTC).
Margaret Copland, senior wells and technology manager at the OGA, said: “The hackathon concept brings innovators, developers, and companies together in one room with a shared goal of identifying the next series of technologies we can define, refine, and deploy to deliver significant savings in the construction of wells.
“We can unlock additional marginal and mature field reserves and secure life extension for existing infrastructure to play our part in achieving MER UK.”
The TLB identified well construction as one of its five priorities. It currently accounts for nearly half of field development costs. A 50 percent reduction in well construction costs could unlock the drilling of 30 to 60 additional wells each year, above current forecasts, unlocking further potential hydrocarbon recovery of 1 billion barrels of oil equivalent.
OGA added that over 60 ideas were identified during the day which would be compiled into a report, freely available when published in the first quarter of 2017.
These will help shape the technology development program of the Well Construction Solution Centre, one of three solution centers being established by the OGTC which aims to become the go-to tech center for the oil and gas industry in the UK and internationally.
Malcolm Banks, Well Construction Solution Centre Manager at the Oil & Gas Technology Centre said: “Our well construction solution center is focused on technologies that will help reduce well costs in the UK North Sea by 50 percent. Our role is to help turn the energy, enthusiasm, and opportunities identified at the event into projects that can be co-funded by the Oil & Gas Technology Centre and the industry.”