Deepwater Operator Cuts Drilling Costs by $2.7M Per Year by Optimizing Connection Times

Connection Time Optimization

For capital-intensive offshore drilling, even the smallest decrease in NPT and invisible flat time can add up to massive cost savings on rig time, however manual timekeeping and 12-hour report cycles limit visibility into performance across shifts.

A deepwater Guyana operator deployed Corva’s Metrics app to automatically capture day and night shift connection times and implement a 2-minute target reduction Company Goal using the Rig Operations app.

Key Results & Value Delivered

By tracking crew KPIs and setting goals to safely operate faster, the operator reduced connection times by 2 minutes and saved more than $8M on a multi-well drilling program.