Well Cost Control and Forecasting
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Cost control and accurate forecasting are essential for managing well construction and ensuring project profitability. This webinar provides an overview of methods used to estimate, monitor, and optimize well costs throughout the drilling and completion process. Participants will learn practical techniques for budgeting, cost tracking, and identifying areas for efficiency improvement while maintaining operational and safety standards.
Webinar Objectives
• Understand the fundamentals of well cost structure and key cost drivers.
• Review methods for cost estimation and forecasting in well planning.
• Explore techniques for monitoring and controlling expenditures during operations.
• Identify strategies to improve efficiency and reduce overall well costs.
About the Presenter
The presenter is an experienced drilling and project management professional with a strong background in well planning, cost control, and operational efficiency. Their expertise spans cost estimation, performance benchmarking, and financial management of drilling programs, ensuring participants gain practical knowledge applicable to real-world projects.
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Time : 9 PM Indian Time | Duration : 90 Minutes
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What Can PTA Tell You About Your Reservoir?
Pressure Transient Analysis (PTA) is a powerful tool for reservoir characterization — and it can tell you far more than permeability, reservoir contact, and skin factor. But to unlock its advanced capabilities, the analyst needs a solid grasp of the diagnostic features of pressure and derivative responses: how they relate to flow regimes, and how the static and dynamic features of a reservoir generate those regimes at different stages of depletion. Without that context, history matching pressure responses or fitting straight lines to portions of the data may return parameter estimates while missing the bigger picture entirely.This webinar makes the case for PTA as a reservoir characterization tool, shows its proper and improper use through worked examples, and highlights just how underused it remains in practice.Slides & Material — Copyright: All content in this session is copyrighted by Prof. Erdal Ozkan. Access to the recording and slides is provided exclusively through this platform. Any unauthorized use, reproduction, or distribution outside the portal is strictly prohibited and may result in legal action under applicable laws.Recordings and certificates will be issued within one business day of the event.