Production Well Testing is an essential part of managing an Oil & Gas field if the field has more than one well and production measurement resources are limited, as is generally the case.
Is your Oil field being exploited at its best?
Is your Oil field being exploited at its best?
In our previous blog, the discussion was centred on assessing how well an asset is exploited, as a key concern for the field manager and the asset team. The Integrated Choke Model (ICM) was proposed as a model to identify opportunities for improving the free cash flow as the fundamental objective during periods when the oil price is low.
Is your Oil field being exploited at its best?
A typical question for a Petroleum Field Manager is how well the asset is being exploited and if this exploitation is efficient and generates enough value for Operator and Partners. This article explores some answers based on our understanding of the challenges that appear throughout the life of the field, and to how to be prepared to transform them into opportunities.
Is your Oil field being exploited at its best?
We have all been there… it’s another downturn! There is pressure from management to demonstrate that our mature oil field is profitable.
We need to take action to maximise free cash flow to ensure the profitability of our operation and that means maximising production, minimising water and sand, while making sure well integrity is preserved. On top of that we also have to deal with foaming, scaling or emulsions, while optimising the use of expensive chemicals.
We need to take action to maximise free cash flow to ensure the profitability of our operation and that means maximising production, minimising water and sand, while making sure well integrity is preserved. On top of that we also have to deal with foaming, scaling or emulsions, while optimising the use of expensive chemicals.
