*Tech warning – This is a divergence from our previous blogs, that will only be of interest if you are working with gaslift technically.
“A few weeks ago we reposted an article by Scott Wilson on “Why We Matter”, continuing the theme I’d like to repost another excellent SPE article on “The Future Need for Petroleum Engineering”. This article presents an optimistic future, that can help us continue to hire great talent into our industry.
One of the questions we frequently get from graduates during hiring is “Isn’t your industry dead”, or worse the death blow statement “I thought you made software, I didn’t realise you’re oil and gas, I’m not interested!”.
Are you and your team struggling to improve productivity, automate artificial lift optimization, reduce risk from predictive failure/proactive interventions, lower OPEX and increase operating cashflow all while producing more oil through existing assets? There is a solution with proven results.
This blog was inspired by a posting by Jim Hall (retired Shell Gaslift SME) on LinkedInin 2020 where he shared his tally book-sized gas lift best practices. We’ve taken his ideas and given them a little bit of an update for modern technology and tools. We hope you find this useful.
Gas lift is an appropriate and effective lift method for many well types, especially gassy wells. Robust and reliable, gas lift wells continue to produce — even when operating inefficiently. However, this also creates a huge opportunity— if we can diagnose when a gas lift well is being operated sub-optimally then it gives us an opportunity to recover a missing wedge of production. You do not have to let lower production be the norm — using these best practices you can improve the management of your gas lift wells and data to maximize your well production.
In today’s highly competitive and volatile O&G industry, efficiency can mean the difference between profitability or losing money for oilfield producers of all sizes. If you could find a tool that could not only prevent failures in your ESP and gas lift wells, but offer a method for identifying opportunities to improve production, reduce downtime, increase run lives and decrease costs—all with software that provides real-time (and valuable) analytics, wouldn’t you want to invest in it?
“True Production Optimization” optimizes well performance automatically, enabling accelerated speed and accuracy of decisions, reducing risk and releasing millions of dollars of untapped potential. ALP’s industry leading Pump Checker® Software provides impartial, expert, automated artificial lift optimization for ESP and gas lift wells.
For decades we’ve had the boom and bust in our industry, that goes with the ebb and flow of the price of oil. Yikes, we’re in another crisis!
The drilling and production of unconventional wells, the availability of funding, longer laterals and bigger frac jobs has resulted in North American operators chasing production with the drill bit, at $10 million dollars per well. That’s great in a greater than $45/barrel cost environment.
As Warren Buffet says ‘It’s only when the tide goes out that you learn who has been swimming naked’.
We are currently in such a moment in our industry. How can we learn from this?
When oil prices are low it’s more important than ever that we optimize the way our wells are produced. Learn how we can "double down" to ensure that our wells are produced efficiently at the lowest cost of operation.
Over the last few blogs we’ve talked a lot about the value of automated processing of realtime data in the oilfield. Today I’d like to ‘land the plane’ a little and make that more tangible for wells produced using gaslift…as well as make this a quick read.