ExxonMobil inks patent agreement with Pason Systems

Photo ExxonMobil

By Joseph R. Fonseca

ExxonMobil has awarded to Pason Systems, Inc. the
first global license of its patented Drilling Advisory System, a
key component of the company's Fast Drill technology suite. The
licensing agreement accelerates the technology's
commercialization by combining Pason's expertise in drilling data
and ExxonMobil's experience in drilling surveillance and
optimization.

Fast Drill combines high-end modeling of drilling physics with
structured well planning and design to identify limiters and
maximize performance. ExxonMobil's drilling rate has improved
more than 80 percent since introducing the Fast Drill process
more than a decade ago. The Drilling Advisory System automates
and enables implementation of the Fast Drill process in real time
on the rig floor by integrating ExxonMobil proprietary modeling
with data analytics. Use of the Drilling Advisory System has thus
far improved ExxonMobil's drilling performance at nine fields.

"Energy producers today are looking for any opportunities to
improve operational efficiency and reduce costs," said Tom
Schuessler, president of ExxonMobil Upstream Research Company.
"The drilling advisory system component to our efficient Fast
Drill technology provides such an opportunity by enhancing
monitoring and improving drilling performance, thus reducing
costs."

ExxonMobil's Fast Drill process has resulted in an annual energy
savings equivalent to removing 1,200 cars from the road. The
additional reduction in fuel consumed translates to a
proportionate decrease in emissions.

"The deployment of ExxonMobil's Drilling Advisory System extends
our portfolio of technologies that can significantly improve the
efficiency and effectiveness of drilling operations," said Marcel
Kessler, president and CEO of Pason. "We have enjoyed working
with ExxonMobil through the development and field demonstration
phases of this project. This license is the culmination of that
hard work."

Feb 12, 2017

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