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Proceedings Papers

The Road to Low Cost Well - A Case Study of Successful Cost Optimization Strategies to Remain Relevant in Low Oil Price Environment, Offshore Malaysia

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Jin Ming Lee, Siti Nur Mahirah Bt Mohd Zain, Anas B. AB Malek, M. Haikal B. Nordin, Ammar Thaqif B. A. Rahaman, Heru Hermawan, Khairul Anwar B. Nasrudin
Paper presented at the Offshore Technology Conference Asia, March 20–23, 2018
Paper Number: OTC-28459-MS
https://doi.org/10.4043/28459-MS
... wells. Project X wells team has taken several initiatives and strategies to reduce well cost and ultimately achieving low cost well (LCW) status as defined by the company's wells department. Since year 2014, crude oil price has fallen from its heyday to as low as USD27 per barrel in 2015. Oil and gas...
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