Five ways equipment integrity assurance can improve well NPT
This whitepaper from Lloyd’s Register looks at the wells integrity quality assurance and control framework and the recipe for getting it right to mitigate and manage the risk
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Non-Productive Time (NPT) accounts for 23% of overall well development spending, according to the most recent Wells Insight Report from the Oil and Gas Authority.
Ongoing price pressures within the global hydrocarbons industry are a major contributor to this headline figure and pose significant challenges to any operator seeking to maintain reliability and minimise risk.
The leaner environment in markets including the North Sea means companies will more than ever require innovative solutions to achieve desired results within tighter margins. This whitepaper from Lloyd’s Register looks at the wells integrity quality assurance and control framework and the recipe for getting it right to mitigate and manage the risk.
Download this whitepaper to learn about:
- Reducing NPT
- Managing risk
- Improving quality, delivering assurance
- Addressing the more for less challenge without compromising quality
