Well Management is the coordination and administration of the information, people and processes related to a well across its entire life cycle. The goal of Well Management is to provide increased value by improving operational efficiency, transforming information into knowledge, driving innovation and by supporting business decision making, regulatory compliance and similar critical activities through timely, accurate and reliable records and reporting. We believe that Well Management has four principle aspects:
Knowledge is the application of information and skills acquired through experience or education. This is an understanding of wells, the well life cycle, well processes and well systems including the many related and supporting domains and disciplines.
People includes the individuals, roles and disciplines involved in the well life cycle. This includes disciplines like land(surface, contract and mineral), joint venture, financial, engineering, information technology and roles geologist, engineer, accountant, administrators, and others.
Process represent the steps or activities that are taken at a particular stage of a well
Data is all information about a well. This includes, but is not limited to, structured data (such as would be found in a database), spatial data (shapes, maps, etc) and unstructured data like emails, files and documents. Data is not limited to digital formats and may include paper, cores or other physical items as well.
A well management system captures detailed information about the company’s well, facility and pipeline assets. There are two broad categories of well management systems; specialized and master data systems.
Specialized Systems tend to focus on a specific sub set of well activities or functions. Typically such systems are not aware well life cycle requirements. Examples of specialized systems include financial and authorization systems, mapping, reserves and forecasting systems or drilling and completion management systems.
Master Data Systems provide a summary or “big picture” view of a company’s well related interests across the entire well life cycle Master data systems typically aggregate data from multiple sources and systems and often perform numerous validation steps to ensure that all well data is qualified, complete, accurate, timely and secure.