May 12, 2020
Don’t tell them you are using Excel!
There is an excellent article in JPT titled, “Don’t Tell Them You Are Using Excel” written by their Emerging Technology Senior Editor. In it, they quoted Chevron’s CIO speaking at this year’s SPE/IADC conference saying, “Excel is the new slide rule and using Excel is a practice that does not support his company’s drive to become a digital technology leader.” He specifically pointed out that the painstaking process of creating drilling plans so detailed they may someday be the basis for automated drilling plans simply can’t be done in Excel.
We at Actenum see this all the time with Operators we visit and who are looking for a better, more technologically advanced way to plan well delivery operations. With advanced tools like Actenum’s DSO, AI is used to automatically build and optimize complex drilling programs at speeds simply unattainable with a manual spreadsheet. In today’s environment, Operators need software to accelerate decision making as they plan for recovery and decide how to adjust plans to rapidly changing market conditions. And they need to have visibility into how changes to the schedule impact cost, production and other important metrics. We loved the quote from John DeWardt, a drilling operations consultant known for his role in creating the Drilling Systems Automation Road Map, “Using Excel to do scheduling is like running the Daytona 500 in a Ford Focus.” We couldn’t have said it better ourselves!
If you’d like to see how Actenum’s advanced scheduling software can help with your digital transformation, please contact us at email@example.com.