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 means companies will more than ever require innovative solutions to achieve desired results within tighter margins. Our whitepaper addresses the significant challenges facing operators today and the five ways a robust quality assurance and management framework can help reduce NPT and drive long-term sustainable improvements across the well lifecycle.