720002Smart Reamer Oil and Gas Drilling SystemClosedGRD Development of PrototypeInnovate UKOil and gas demand is a key driver for increased drilling services in the long term. Based on Industry statistics, global Oil and Gas companies routinely incur downtime costs estimated as GBP 812,000,000 caused by failed wellbore enlargement (underreaming). Underreaming is essential to maximise production. This is especially true in high-cost deepwater or ultra-deepwater wells which typically require 6 enlarged sections before completion and exceed depths of 27,000 feet. In this way, underreamed hole size is integral to well construction. Yet, it is inherently uncertain and costly in terms of unnaceptable downtime. If the Smart Reamer were proven downhole, a lucrative opportunity exists. The Smart Reamer potentially offers oil companies the ability to reduce downtime and reduce underreaming risk by measuring wellbore diameter in real-time – a service that is unavailable today. Callipers, if used, are traditionally operated as separate measurement services and do not provide real-time data. A typical Schlumberger statistic shows that 1 in 5 underreaming jobs are likely to experience tool failure than non-underreaming. The Smart Reamer offers a novel step-change in drilling by integrating the two separate and consecutive services and offering simultaneous real-time wellbore condition monitoring. Feedback from oil companies shows an average downtime saving of 24-48 hours rig-time (GBP 500,000 per offshore job). If this can be achieved, this amounts to a potential saving of over GBP 812,000,000 applied across all current drilling underreaming operations worldwide. The proposed new Smart Reamer Drilling System, if it were proven as a prototype, would accurately measure and provide a real-time view of the well bore allowing the drilling team to : -Pinpoint narrow wellbore sections caused by underreamer wear or changes in geological strata -Eliminate downtime related to deployment of casing in a narrow wellbore. A single failure of this nature can cost GBP 3,000,000. -Avoid costly retrieval of equipment, loss of equipment and in the worst case a re-drill or sidetrack -Accurately predict cement volumes to ensure sealing of casing -Eliminate calliper deployment - minimum average saving of GBP 500,000/deepwater well and GBP 62,500/onshore well. Currently, underreaming and measurement are available as disparate and time consuming components. Existing acoustic measurement technology is flawed insofar as downhole changes cause erroneous readings. Our prototype will overcome these flaws by building on the research and exploiting the patents to provide accurate measurements that allow for variations in downhole drilling conditions. The Smart Reamer is rapidly scalable, sustainable and has high growth and profitability potential. The challenge is to develop the surface system into a certified downhole technology. Hence, the technology adds value to the patents issued in 2010 and the patents protect the technology.