Live Webinar On Well Optimization Workflow

Well Optimization Workflow (WOW) 

WOW will help the Reservoir Management team in identify, sort and analysis the candidate well for workover and optimize the workover plan based on the maximum production that can be archived with the minimum cost.

A candidate recognition system can be developed to identify and flag problem wells that require immediate remediation. The system consists of various analysis tools that allow anticipating the onset of problems by leveraging existing knowledge from nearby wells. Plots can show the production performance of wells by tracking the oil and gas production rates. These rates are then extended to forecast their future production using decline curve analysis. This allows early detection of mechanical and other problems such as water encroachments, low productivity or skin damage.