Situation
Focus on Operations
Most E&P companies overly rely on manual processes and heuristics to manage well performance. One such operator in Texas with a geographically distributed field of over 2,000 gas wells saw a sharp decline in operating cash flow due in large part to inefficient optimization processes. The company searched for solutions that would streamline operational practices and improve well margins focusing on these areas:
- Daily operations prioritization
- Repetitive process automation
- Predictive maintenance alerts
- Greater optimization scale across field
- Performance metrics reporting
Solution
Production Optimization Assessment
The operator undertook a thorough assessment of its technology footprint and production optimization practices identifying gaps and areas to improve margin performance. The assessment produced a roadmap detailing the company’s desired operational outcomes and opportunities to achieve them.
The operator implemented recommended process changes and deployed technologies that realized a 40 percent reduction in field deferments and improved workforce efficiency through production optimization.
Results
Ambyint’s Well Optimization AssessmentTM service
provides the same operational insights for all E&P
companies. The service also provides a benchmark
survey of a company’s operational performance
against industry peers.
Companies who follow the recommendations detailed in the assessment report seeing 1 to 5 percent
improvement in production deferment.
