Reduce Downtime and Improve Economics Through Artificial Lift Life Cycle
Abstract:
Artificial lift is a key component in oil and gas production. Most unconventional wells end up with some form of artificial lift in the first 2-3 years of their life. Artificial lift failure is one of the major causes of unplanned downtime. Managing artificial lift performance to reduce failure is crucial for improved economics. Due to rapid decline of the pressure and the flow rates in unconventional wells, understanding well performance is the key for optimization of artificial lift. With falling well productivity as the well becomes older, the maintenance and associated costs increase while the profitability reduces. The only way to keep the well running cost-efficiently is to reduce the operating cost by reducing downtime and failures. A best practice is to apply a process over the life cycle of the artificial lift system that includes selection or re-selection, redesign, and proactive management of the lift system.
This presentation will discuss how an integrated life cycle approach for artificial lift is key and how it impacts the bottom line of an oil producer. By leveraging the technology to its full potential, production can be managed better and more profitable. Examples of artificial lift management will be presented, along with methodologies to estimate well performance in unconventional reservoirs. Understanding and managing the artificial lift performance using life-cycle approach is vital for improving a well’s uptime and reliability.
If you are interested in sponsoring this luncheon, please contact : Neha Bansal nbansal@demac.com
Parking Options/Instructions
Location:
Liberty Oil Field Services
960 Memorial City Way, Houston TX
Houston
,
TX 77024