METHOD OF MEASUREMENT NEAR-BIT MAGNETIC COMPASS READING INTERFERENCE FROM A DOWNHOLE COMPONENT

A drilling system includes a method of determining an orientation of a drill string in a borehole. Sensor readings of a magnetic field of a drill bit are obtained at a plurality of positions along a curve extending around the drill bit along a longitudinal bit axis from a first location to a second location. A drill string includes the drill bit and a downhole magnetic field sensor that obtains a measurement of a local earth magnetic field, wherein the measurement is affected by the magnetic field of the drill bit. A processor determines a magnetic dipole moment of the drill bit from the plurality of sensor readings, calculates a second measurement of the local earth magnetic field downhole using the magnetic dipole moment of the drill bit, and determines the orientation of the drill string from the calculated correction of the measurement of the local earth magnetic field.