Industry Article

Automated Well Portfolio Optimization

June 15, 2020

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Publication: World Oil, June 15, 2020

Digitalisation is enabling the energy sector to move forward

Spend time working opportunities, not looking for them

Candidate selection for production enhancement opportunities are critical to sustain asset production. To reduce associated operational risks, the identification and selection of workover or intervention candidates can be a manual, repetitive and lengthy process.

Part of an integrated and collaborative framework powered by AI and automation, the solution rapidly screens and ranks wells using a standardized process. The solution keeps the production enhancement opportunity pipeline full and expedites potential candidates through an Opportunity Maturation Process (OMP) that takes account of well economics and payoff. PNG-Saka explains how it enables proactive opportunity management with significant time and cost savings. 

 

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This article originally appeared in the June 2020 issue of World Oil.

Authors: CIO CIO MARIO, RINI SAPUTRA, SERA SAIFUDDIN and TRIYONO TRIYONO, PT Saka Energi Indonesia; SABRINA METRA, PRAPRUT SONGCHITRUKSA, RAJEEV RANJAN SINHA and KARTHICK VADIVEL, Schlumberger