Overview
Challenges:
Aging
infrastructure: The existing offshore platform was decades old, leading to
operational inefficiencies.
Declining
reservoir performance: The oil field had been producing for years, and
reservoir pressure was decreasing.
Cost
pressures: Falling oil prices and increasing operational costs impacted
profitability.
Objectives
Maximize
Production: Increase oil production while maintaining safety and environmental
standards.
Extend
Field Life: Optimize reservoir management to extend the field’s productive
life.
Cost
Efficiency: Reduce operational costs and enhance overall project economics.
Result
Production
Increase:
Oil
production increased by 15% within the first year.
Optimized well placement and water injection contributed to this growth.
Extended
Field Life:
Reservoir
management strategies extended the field’s productive life by five years.
Additional
reserves were accessed through targeted drilling.
Cost
Savings:
Operational
costs reduced by 10% due to predictive maintenance and efficient operations.
The
refurbishment cost was offset by increased production.
Key
Takeaways
Data-Driven
Decision-Making:
Real-time data and advanced analytics are critical for optimizing oil
production.
Collaboration: Cross-functional teams
(reservoir engineers, production engineers, and maintenance experts)
collaborated closely.
Continuous
Improvement:
Regular reviews and adjustments ensured ongoing efficiency gains.
Gallery
