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.
Oilfield Technology
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.
