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What Is Production Optimization ?

This document discusses production optimization in the oil and gas industry. It defines production optimization as managing production of hydrocarbons as operating conditions change over time through surveillance, analysis, designing solutions, asset management, and reporting. The document provides an example of how production optimization can increase production by 3,000-20,000 barrels per day on average and reduce capital expenditures by $42,000-$345,000 on average based on a survey. It also discusses how production optimization provided $5 billion in accumulated value to Shell through increased production and reduced costs. The document promotes the company's production optimization solutions and services.

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ToufikNech
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125 views

What Is Production Optimization ?

This document discusses production optimization in the oil and gas industry. It defines production optimization as managing production of hydrocarbons as operating conditions change over time through surveillance, analysis, designing solutions, asset management, and reporting. The document provides an example of how production optimization can increase production by 3,000-20,000 barrels per day on average and reduce capital expenditures by $42,000-$345,000 on average based on a survey. It also discusses how production optimization provided $5 billion in accumulated value to Shell through increased production and reduced costs. The document promotes the company's production optimization solutions and services.

Uploaded by

ToufikNech
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1

Reservoir Optimization and Production Enhancement

What is Production
Optimization ?
“Helping oil and gas organizations capture value through
operational improvements and digital transformations.”

Khelifa Chouali, RE/PE Consultant


12/08/2021
2

Our Motto
“MOVING BUSINESS FORWARD”
in all aspects of our solutions.
3

What is Production
Optimization?

Managing production of
hydrocarbons as things change
over time
WHAT IS PRODUCTION OPTIMIZATION ? 4

Managing production of hydrocarbons as things change over time

1. Surveillance and measurement – What is


happening?
2. Analysis – Why is it happening?
3. Design of solutions – How can performance
be improved?
4. Asset management – When and Where?
5. Reporting – KPI’s and feedback
REAL RESULTS FROM PRODUCTION OPTIMIZATION 5

Managing production of hydrocarbons as things change over time

SPE study group surveyed PO literature, June, 2010(1):


– Production Improvements = 3% to 20% (avg = 3,000 BPD)
– CAPEX savings = $42,000 to $345,000 (avg = $200,000)

Value of PO to Shell(2) from increased production & reduced


costs:
– 70,000 BPD
– $5 billion accumulated value
1 Ref:
http://www.spegcs.org/attachments/studygroups/4/DE%20Workshop%20Literature%20Review%20Slides.pdf
2 Cumulative value, SPE#128245, March, 2010.
6

Thank You
Be Part Of The Solutions
Our SOLUTIONS 7

Why we do for our clients

• Solutions & Services offered:


WELLS FACILITIES
technical consulting, supply chain
management, human & equipment
resourcing. APS E&P TRAINING

• Gathering an expertise of over 20 RESERVOIRS SOLUTIONS


years with various international
operators and dealt with projects DIGITAL
TRANSFORMATION PROCUREMENT
from a diversity of worldwide Oil & & SERVICES

Gas fields.
8

CONFLICTS OF
INTEREST
The author declare that there are no
conflicts of interest regarding the
publication of this work.

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