Abstract In conventional drilling scenario, the Drilling Manager has to deal with similar drilling problems several times during field development phase. In addition to this he has to manage several service providers which results in increased workload. This increased workload prevents him to focus on the solutions of drilling problem & drilling optimization. Integrated Drilling Services is a new concept in which all services and equipments are integrated under one contract. It is a contractual model which is technically and economically feasible with efficient risk management. This model reduces non productive time and non conformances with efficient project management and Technology Advancements in order to encourage Drilling Managers “Doing Right Things” rather than “Doing Things Right”. This paper describes an engineering approach towards well optimization and efficient project management. Moreover, economic benefits are also the part of study.