In the challenging market conditions that we face today, reducing lift costs is paramount. One area where this can be achieved is through stimulation optimisation, ensuring reduce spend on stimulation activities and maximum  oil or gas flow for a particular field. 

In this post we examine five steps to achieving savings of as much as 20% in reservoir stimulation costs by using accurate flow data to optimise stage stimulation in individual wells and development of unconventional fields.

This is based on our vast experience across numerous fields and the insights and figures are taken from real projects conducted over the last few years.

The oil and gas industry is faced with difficult trading times and low oil prices are predicted to continue. Operators and service companies are faced with lower margins and less capital available when making decisions on reservoir production strategies. Working with reduced resource is difficult enough, but production targets still must be met.

In order to meet these challenges a number of different innovative technologies have been developed and tested in the field that assist with reservoir production optimisation at reduced costs when compared to conventional methods. As an example, the use of speciality chemical technologies can eliminate the need to carry out costly production logging and gain critical data on fluid flow which in turn can be used to optimise development plans.

The technologies can measure clean out efficiency, pinpoint areas of fluid flow, and ultimately log production rates from various zones. All of this data can be obtained throuhg reservoir tracers without the need for intervention the cost of which can run into the hundreds of thousands or even millions of dollars when looking at a sub-sea development. What’s more, this data can be taken on-stream and over several years, saving on rig time as the technology is integrated  down hole when running the lower completion into the well.

Below we will examine the steps you can take applying this alternative technology to make significant savings on rig time.

With the oil price remaining low, the entire oil and gas industry together with their supply chain are faced with the challenge of producing more for less. Constantly looking to cut costs without compromising  on production or quality of product, technologies demonstrate their value not only in how they can help optimise production at any stage in the hydrocarbon production and processing chains, but also in how they can act as enablers to operators who need to save on the cost of producing oil and gas.

In this post we examine three steps to achieving savings of as much as 66% in drilling costs by using accurate flow data to optimise well spacing in unconventional fields. Tweet this.

This is based on our vast experience across numerous fields and the insights and figures come from real projects conducted over the last few years.