Assessment of the Market and Economic Potential of a Rotary Steerable System

Abstract:

In the context of external economic restrictions, Russia intensified state support of domestic developments for the drilling market. In this area there are both research projects and technological start-ups focused on the implementation of innovative technologies in production and treatment of raw hydrocarbon materials. This fact favorably influences prospects of development of the domestic rotary steerable system (RSS) market. The RSS has advantages such as oil production at the bottom of the sea, exclusion of negative impact on the environment and others. The results obtained during the tests of Gazpromneft wells are really impressive. During the construction of wells using the new technology, it was possible to reduce the drilling cycle by an average of 2-3 days, thereby significantly reducing the total cost of drilling. The specialists of Gazpromneft predict a decrease in the time for drilling by 10-15%, reducing energy consumption by 5-10%, reducing the number of used drilling mud and chemicals by 15-20%.