Introduction to Budgeting
Generate an authorisation for expenditure with your well plan
Drilling engineers are concerned with operational costs: technical decisions are often based on economical results, like the decision to carry-on or not a difficult fishing job.
Drilling optimisation starts by selecting the best technical way to plan a well, selecting the well profile, casing shoe depths, etc. the drilling duration being a major component of the cost of the well, the fight to reduce the Non Productive Time is a also permanent target for engineers.
Today, most drilling engineers, experts in the use of MS Excel use spreadsheets to prepare their AFE.
AFE-One enables engineers to create cost estimates for planned wells. It is easy and fast to use.
