The concept is to drill and log small diameter holes at a fraction of the cost of conventional wells. Goals are to develop the technology to drill and log a 5,000 ft hole within a couple of years, and sights are already set on deeper capabilities.
Potential benefits are staggering.
Holes to define reservoir limits could be drilled at a fraction of the cost of conventional definition wells. In mature reservoirs, microdrilling could be used to place permanent sensors to monitor fluid movement. Improved drilling performance often depends on improved MWD capabilities. Acoustic telemetry, or transmission through drill pipe, is an exciting option that will transfer much more data. Importantly, a new company, Passband Downhole Communications, Inc., emerged with the sole purpose of delivering this technology to industry, which should happen within a couple years.