Patent ID: 9587478
Date: 2017-03-07
CPC Classifications: E21B

Claim:
1. A computer-assisted method for optimizing a drilling tool assembly, the method comprising: defining a desired drilling plan; determining current drilling conditions within a wellbore; determining current drilling tool parameters of at least two drilling tool assembly components within the wellbore; determining a wear potential of a component of the drilling tool assembly; analyzing the current drilling conditions, the current drilling tool parameters, and the wear potential of a component using a processor located within the wellbore to define a base drilling condition; comparing, using the processor, the base drilling condition to the desired drilling plan; determining, using the processor, a drilling tool parameter to adjust to achieve the desired drilling plan; transmitting instructions to adjust the drilling tool parameters of the drilling tool assembly components through an intelligent drilling string; and adjusting at least one drilling tool parameter of at least one of the two drilling tool assembly components based on the comparing the base drilling condition to the desired drilling plan.