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Oil & Gas Company Implements Well Optimization to Pump Up Production

An onshore, cold flow, heavy oil producer with 2000+ wells, producing 100K bbl/day, wanted to increase their production by decreasing downtime, reduce the number and cost of work overs and allow central operators to manage more wells. After implementing Matrikon’s Well Optimization solution on 200 wells, they saw not only a 50% reduction in servicing cost but realized an $8 million production increase in only three months.

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Details:
Success Story (217KB , PDF)
Author: Matrikon Inc.

Description:
Success Story - 2 pages - 217KB