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A Method to Optimize Drilling Performance

IP.com Disclosure Number: IPCOM000255385D
Publication Date: 2018-Sep-21

Publishing Venue

The IP.com Prior Art Database

Abstract

The new methods include a procedure for designing an objective function that may be used to optimize drilling performance, where drilling performance is defined in terms of at least two competing measures. More broadly, the inventive method includes a procedure for designing an objective function (OBJ) that may be used to optimize drilling performance as part of the "active parameter management" workflow. The objective function is based on a quotient or division operation between two normalized and appropriately weighted performance measures.