Real-time optimization and visualization of parameters for drilling operations

A system for optimizing parameters for drilling operations, the system comprising:

• at least one processor;
• and
• a memory coupled to the processor having instructions stored therein, which when executed by the processor, cause the processor to perform functions including functions to:
• receive input from a user selecting an operating variable of interest for optimizing different stages of a drilling operation to be performed along a planned path of a well within a subsurface formation;
• estimate a target value of the selected operating variable for each stage of the drilling operation along the planned path of the well based on a first set of wellsite data associated with the planned path of the well;
• determine values of one or more drilling parameters for performing each stage of the drilling operation along a corresponding portion of the planned well path, based on the estimated target value of the operating variable for that stage;
• update the target value of the operating variable based on a second set of wellsite data obtained during a current stage of the drilling operation performed along the planned well path;
• optimize the values of the one or more drilling parameters for performing subsequent stages of the drilling operation based on the updated target value of the operating variable;
• adjust the planned path of the well for subsequent stages of the drilling operation, based on the optimized values of the one or more drilling parameters;
• and
• perform the subsequent stages of the drilling operation along the adjusted path of the well.

A computer-readable storage medium having instructions stored therein, which when executed by a computer cause the computer to perform a plurality of functions, including functions to:

• receive input from a user selecting an operating variable of interest for optimizing different stages of a drilling operation to be performed along a planned path of a well within a subsurface formation;
• estimate a target value of the selected operating variable for each stage of the drilling operation along the planned path of the well based on a first set of wellsite data associated with the planned path of the well;
• determine values of one or more drilling parameters for performing each stage of the drilling operation along a corresponding portion of the planned well path, based on the estimated target value of the operating variable for that stage;
• update the target value of the operating variable based on a second set of wellsite data obtained during a current stage of the drilling operation performed along the planned well path;
• optimize the values of the one or more drilling parameters for performing subsequent stages of the drilling operation based on the updated target value of the operating variable;
• adjust the planned path of the well for subsequent stages of the drilling operation, based on the optimized values of the one or more drilling parameters;
• and
• perform the subsequent stages of the drilling operation along the adjusted path of the well.