Iterative drilling simulation process for enhanced economic...

Data processing: structural design – modeling – simulation – and em – Simulating nonelectrical device or system – Fluid

Reexamination Certificate

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C175S040000, C702S009000

Reexamination Certificate

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07085696

ABSTRACT:
An iterative drilling simulation method and system for enhanced economic decision making includes obtaining characteristics of a rock column in a formation to be drilled, specifying characteristics of at least one drilling rig system; and iteratively simulating the drilling of a well bore in the formation. The method and system further produce an economic evaluation factor for each iteration of drilling simulation. Each iteration of drilling simulation is a function of the rock column and the characteristics of the at least one drilling rig system according to a prescribed drilling simulation model.

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