Download Free: Oil & Gas Company Optimizes Wells to Pump Up Production
Operating nearly 2500 oil wells distributed over a large geographical area, management at a large oil and gas company believed they could improve production and lower operating costs by better managing their field assets. Managing the wells in a reactive manner, the company decided to move to a predictive, condition-based operating model, contacting Matrikon and identifying a number of key objectives:
- Maximize production by minimizing unplanned outages through the prediction and prevention of abnormal well conditions.
- Provide a way to ensure wells are producing in the “sweet spot”— continuously matching lift pumping with natural inflow from the reservoir.
- Reduce variable operating costs by reducing the number and duration of well interventions and workovers.
- Reduce fixed operating costs by moving to a centralized well monitoring solution, allowing field operations staff to concentrate on continuous improvement and operational excellence.
Read this case study to learn about how Matrikon Equipment Condition Monitor can help you:
- decrease the length and duration of unplanned outages
- accurately determine optimal pumping rates
- increase production from the field
- reduce well servicing costs
- detect abnormal operating conditions and equipment failures earlier