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Overview What:
Smart wells and fields offer a
wealth of information. Capitalize upon it to produce more
How:
Our software creates predictive models of string, well or jacket behavior
(complex non-linear dynamics) then inverts the models to determine the
optimal injection rate given current operating conditions and constraints.
Re-optimize in real-time.
Results:
Production increases by up to 20%, 5% on average.
For a field that produces 50,000 barrels per day at only $15/bbl, 5%
equates to $37,000 per day or $13.7 million/year.
Take Action
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Manage
Your Production Rates
Managing production rates from
oil and gas wells is an important aspect of field management. In
situations where fields are leased, maximizing production in a limited
time is essential to recovering the exploration and development
investment and gaining a profitable advantage.
Smart Well
Technology Offers You Volumes of Information
At the same time, highly
sophisticated down-hole "Smart Wells" sensing technologies are
giving huge volumes of information about wells and fields. This
data can be used to your advantage, to tune well and field performance
to your desires.
Intelligent
Solutions from BioComp Boost Your Performance
Using our intelligent modeling
and optimization systems, E&P companies guide the operations of
entire oil and gas fields to maximize production while minimizing
limited resources and operational costs. The solution used is
aptly named "Process Intellect" because it is packed with new
hybrid AI technologies proprietary to BioComp. Process Intellect continuously monitors well
and field operations and performance. If it sees performance problems or
opportunities, it formulates new ways to operate to keep performance up
and costs down. The system will automatically change the operational
settings of one or more wells or converse with engineers and operators
on the appropriate actions to take. In smart well applications,
customers direct Process Intellect to take information from surface and
down-hole sensors to understand the behavior of wells in a field,
individually and together. Process Intellect will then run those wells,
as a system, at optimal production using limited resources with minimal
costs. Process Intellect is smart enough to make the smallest change to
maximize benefits, keeping operations well managed and stable.
Value?
10's of $
Millions / Year per Application
BioComp's E&P customers
estimate the value of each application of Process Intellect to be in the
many millions of dollars per year, with each customer having multiple
application opportunities at hand. Other applications are being fielded
in production optimization, operations management, refining, product
quality and demand management. |
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(photo courtesy of Shell)
More
Oil and Gas Applications
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Well Treatment Optimization
Oil Stabilization |
