%0 Journal Article %T Time Series Model for the Rate of Penetration in a Reference Oil Well: Puerto Boyac¨¢ - Colombia Case %A Diego Fernando Lemus Polan¨ªa %A Henry Daniel Hern¨¢ndez Mart¨ªnez %J - %D 2015 %R https://doi.org/10.17230/ingciencia.11.22.7 %X In this work, a time series control model was identified to describe the rate of penetration in a reference oil drilling well named V£¿£¿£¿. The oil field development plan was named VEL (located in the Magdalena Medio Valley, municipality of Puerto Boyac¨¢ - Colombia). The fitted values of the identified model and its 95% confidence interval can be used to guide the wells drilling process for the same field in order to reduce uncertainty in operation times. It is necessary to make a comparative analysis between different ROP drilling processes to verify that the presented methodology can be used in the entire field %K penetration rate %K long memory process %K ARFIMA model %K optimization %U http://publicaciones.eafit.edu.co/index.php/ingciencia/article/view/2680