Noah presents Well File Management: Using a Maturity Model to Increase Value
Noah Consulting presents
Well File Management: Using a Maturity Model to Increase Value
Westin Memorial City, Houston, TX
Tuesday, March 25, 2014 | 1:20 – 1:50pm
Authors: Steven Nuernberg & Douglas Schultz, Noah Consulting, Houston, Texas USA
Abstract: Information and data management activities are an integral part of maintaining the integrity of well operations. Throughout the well lifecycle, the documents and data that are generated describe all aspects of the well, including what was done, why it was done, when it was done, and how it was done. Since well life may be measured in decades, these documents can span individual’s careers, corporate reorganizations, mergers and acquisitions, and changes in technologies and work practices. The term Well File is commonly used but not often defined in a rigorous way. A Well File is a collection of separate but related documents, generated in multiple departments, across a variety of activities. The use of different file structures and terminologies across different departments is a cause of significant inefficiencies in well operations.
Enterprises still struggle with managing the documents and records in the Well File. We will look at how the various disciplines involved in contributing to, or consuming from, the Well File of an organization could achieve optimal maturity throughout the well lifecycle. Furthermore, we will explore the benefits of tightening processes around Well File management. End results include easier to manage regulatory and contractual requirements, e-discovery and retention benefits, and other internal cost savings.