Intelligent Well RELIABILITY GROUP

Purpose
To increase the uptake of Intelligent Wells by promoting better understanding, and appropriate use of reliability methods and analysis in respect to Intelligent Well technology.

Objectives
- To establish the metrics of reliability and define the systems and processes necessary to implement and measure them, in a form useful to all the members of the Group;
- To make them directly available to the operational users of that information within the Group member companies;
- To improve understanding of reliability issues and standards across the industry;

Benefits
- Increased maximization of value on operators' assets.
- Wider application leads to increased sales for service companies and equipment manufacturers.
- Increased confidence in, and utilisation of, Intelligent Wells

Founder Members of the Group

	Baker Oil Tools		Schlumberger
	BP		Shell
	ChevronTexaco		Statoil
	ENI Agip		Weatherford
	Exxon Mobil		WellDynamics
Group Co-ordinator: Proneta

Process
The quarterly meetings will -

	review the results of work undertaken
	define in detail, and approve, the next task in the plan

Active Topics

	Reliability metrics and common language
	Guidelines on addressing reliability in Intelligent Well requirement specifications
	Guidelines on system reliability analysis and prediction techniques
	Guidelines on reliability test and evaluation methods
	Dissemination of Results