Deepwater Operator Slashes $18.5M Per Year in Drilling Costs by Boosting ROP by 45%

Drilling parameters and lessons learned from best performing offset wells hold the key to optimizing ROP and drilling the next best well, however integrating and continuously adjusting recommended drilling parameters in real time remains a challenge for many teams.

A deepwater Gulf of Mexico operator deployed an ROP optimization dashboard featuring Corva’s Parameter Comparison and ROP/MSE Heatmap apps to implement best-in-class offset parameters in real time.

Leveraging the Corva platform, the operator saves more than $1.5M per well and $18.5M for a multi-well drilling program.