Method system and program storage device for automatically calculating and displaying time and cost data in a well planning system using a Monte Carlo simulation software
US7548873B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 8, 2005 |
| Grant date | Jun 16, 2009 |
| Priority date | — |
| Expiry date | Feb 8, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/06312
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of generating and displaying time and cost data representing the time and the cost to complete a plurality of oilfield related activities in response to a set of engineering results including wellbore geometry and drilling parameters comprises the steps of: (a) assembling a plurality of time data and a plurality of cost data based on the engineering results in response to a plurality of activity templates; and (b) generating a display of the time data and the cost data, the display illustrating the time data and the cost data representing the time and the cost to complete the plurality of oilfield related activities. The display includes a numerical display and a graphical display.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.