DOI https://doi.org/10.36719/3104-4727/1/42-46
Elnur Səfərov
Azərbaycan Dövlət Neft və Sənaye Universiteti
magistrant
https://orcid.org/0009-0006-9585-0367
elnurseferov4545@gmail.com
Economic Efficiency Assessment of Drilling Highly Deviated
Wells in the Oil and Gas Industry
Abstract
The drilling of highly deviated and horizontal wells has become a key technological advancement in the oil and gas industry, enabling access to complex reservoirs and improving hydrocarbon recovery rates. However, these operations are often associated with increased technical challenges, higher operational risks, and elevated costs. This study focuses on the evaluation of the economic efficiency of drilling highly deviated wells by analyzing both technical and financial indicators. Key factors such as drilling time, equipment utilization, well trajectory design, and operational risks are examined to determine their impact on overall project costs and productivity.
Furthermore, the research highlights the importance of optimization strategies, including advanced drilling technologies, real-time monitoring systems, and efficient resource management, in reducing expenditures and improving performance. Comparative analysis between conventional and highly deviated wells is also conducted to assess cost-benefit ratios and long-term economic outcomes. The findings suggest that despite higher initial investments, highly deviated wells can provide significant economic advantages through increased production rates and improved reservoir contact when properly planned and managed.
This study contributes to the development of more effective decision-making frameworks for drilling operations, emphasizing the integration of technical innovation and economic evaluation to achieve sustainable and cost-efficient outcomes in the oil and gas sector.
Keywords: highly deviated wells, oil and gas industry, economic efficiency, drilling optimization, cost analysis, horizontal drilling, operational risk, resource management, drilling technologies, productivity