Welcome to our third newsletter.

It's been a busy couples of months here with a lot of effort going into up-grading our website to allow multi-year data display and downloading, hiring new staff, negotiating for new offices and dealing with an increasing pace of activity from clients expanding their participation scopes. The rate of growth of the studies continues to increase as does the activity here to cope with it.

The single most exciting development has been the progress of the Completions Efficiency Review. Many of our clients have been discussing the need for something like this for quite some time and I am really pleased that we will start collecting the data soon.

If there is anything in particular you would like us to cover in our next newsletter please do let us know by clicking here.

Helen and the Team.

For over a decade participants of the Completions Performance Review have shared data on their completions designs, technology, costs and running times.

Now, for the first time, Operators are to also share data on the factors which govern production, all with the aim of improving their completions design and execution practices.

The inaugural meeting of the Completions Efficiency Review was attended by Production Technologists, Petroleum Engineers and Completions Specialists from BHP, BG, BP, Britannia, ChevronTexaco, Kerr McGee, Nexen and Shell. The meeting agreed the choice of data to be exchanged and the rules of participation.

Participants will share the following data on a mandatory basis for all wells where a Pressure Transient Analysis has been performed and for a percentage of wells where a PTA has not performed but the data obtained by nodal analysis based on a multi-rate flow test.

Additionally to be shared, but on an optional basis are:

The data input workbook is being finalised and invitations to participate will be issued soon. For a copy of these minutes please click here.

Apache, who have participated in Australia since 1994, have now extended their participation in the DPR to fully global status retrospectively to 2004 and forward to 2006. They will be additionally providing data on wells drilled in Argentina, China, Egypt and UK.

Total have extended their global drilling participation to 2005 whilst Pertra and Tullow have extended their global drilling participation to 2006. Premier, Unocal and Sasol have extended their global DPR participation to 2007 whilst DONG have renewed both their global drilling and completions participation also to 2007. Norsk Hydro have renewed their global drilling and completions participation to 2008.

For a full list of participating operators back to 1989 please click here.

The fourth annual ‘Best Practices in Benchmarking Drilling and Completions’ meeting will be held in the Marcliffe Hotel, Aberdeen on the 8th and 9th November.

The annual meeting of the participants of the Drilling Performance Review will then be held on the 10th and the annual meeting of the participants of the Completions Performance Review and Completions Efficiency Review on the 11th at the same venue.

There will be a dinner held at Drumtochty Castle on the evening of the 9th and a champagne reception at the new offices of Rushmore Reviews on the evening of Monday 7th November.

We would like to thank everyone who participated in Sarah's MSc Marketing interviews. We have received some very useful feedback as a result, which will enable us to keep improving the studies to meet your needs. Sarah is currently putting the finishing touches to her dissertation, and we will be able to provide you with a summary of the results in the next edition.

As promised, one interview participant was selected at random in the prize draw, and Jane Robinson of ConocoPhillips received a seasonal bouquet as a mark of our gratitude.