Deriving Business Value from Implementing WITSML 8th February 2022 – Posted in: Drilling, WITSML
Russian Oil and Gas Technology (ROGTEC) magazine, Issue 022/04, October 2010
The Wellsite Information Transfer Standard Markup Language (WITSMLTM) enables the upstream oil and gas industry to communicate wellsite information efficiently. The benefits for adopting a standardized approach to exchanging drilling information are intuitive for most drilling engineers and managers in the industry and usually include the following reasons:
» WITSML allows energy companies to leverage their investment in highly instrumented fields and enables new capabilities for automation and optimization that would otherwise be impossible or difficult to achieve.
» WITSML reduces the cost of information exchange between software applications within an operating company and between operating companies, joint ventures, partners, contractors, and regulatory authorities.
» WITSML reduces the cost of replacing or substituting software which results in improved functionality.