- SPE Energy Stream
- Artificial Lift Life Cycle & Optimization
Artificial Lift Life Cycle & Optimization
Artificial lift is a key component in oil and gas production. Most of the unconventional wells end up in some form of Artificial lift in 2-3 years of their life. Managing artificial lift performance/ failure becomes very crucial as it is one of the major downtime attributes. Due to rapid decline of the pressure and the flow rates in these wells, understanding the well performance becomes key for optimization of the artificial lift. A process can be applied to cover the life cycle of the Artificial lift which includes selection or re-selection, redesign and proactive management of the lift system.
We discuss how an integrated life cycle approach for artificial lift is key for unconventional wells and how it impacts the value to any organization influencing the bottom-line ($). We highlight on how the production losses could be managed better and how technology is not being leveraged to the potential. We also discuss on the opportunities of an integrated approach, how a process with tracking failures/ performance and managing Key performance indicators will improve the efficiency.
The key take-away – A Life cycle approach for Artificial lift is worth considering from the field development stage. We will also discuss the digital oil field (DOF) initiatives, lessons learned and some of the key things to remember during the DOF journey.
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Course Chapters
- 1Artificial Lift Life Cycle & Optimization - Chapter 1Media Type: Video
Credits
Earn credits by completing this course0.15 CEU credit1.5 PDH creditsSpeakers
Simon began his career in 2007 working as a Sales & Applications Engineer with Weatherford. Since then, he held multiple technical and leadership roles in Artificial Lift Systems (ALS) operations, sales, and product line management in Houston, Midland, Venezuela, Mexico and throughout Latin America. In 2019, he became Weatherford's Global Business Director for Production and in 2021 he joined Silverwell as their Western Hemisphere Sales Manager.