Evaluating the Technological Investment in Oil Industry
Case Study: the use of the Automatic Drilling System (ADS) by Sonatrach Hassi Messaoud
This study deals with the evaluation of using the Automatic Drilling System (ADS) by Sonatrach in Hassi Messaoud, The theoretical part of the study includes a specific introduction to the technological investment and its importance in oil industry mainly in the drilling phase. The aim is to show the most important indicators used in the process of evaluating various technologies of oil industry in the drilling phase.
The practical study was dedicate to the evaluation of Automatic Drilling technology in Sonatrach. This part of study is relying on a group of technical indicators like (Metric Drill Index and Drilling Time Index) and economic indicators (Time profit, construction cost, and net profit). The study results have shown that here is a double relationship between the effectiveness of the use of the technology of Automatic Drilling and the complexity degree of the geological characteristics of the wells; as geological characteristics of wells are less complicated while drilling, the better are the results of technical and economic indicators of using this technique.