Enhancing the Asset/Field Value through Data Analytics-based Performance Benchmarking and Recovery Factor Improvement Plan

Among the key aspects and strategies of Integrated Asset Development & Management (IADM) on enhancing the values in hydrocarbon assets throughout the field life, is to thoroughly understand the field’s potentials with the right benchmarks and exampled analogues. Part 4 of this series elaborates on the application of data analytics and associated solutions, with a focus on data-driven reservoir performance benchmarking on identifying areas of reservoir performance gaps, and formulation of Recovery Factor (RF) improvement plans through effective yet simple to use methodologies and Field Development Plans (FDP) analogues.

Part of a Webinar series: SPE Asia Pacific Webcast Series on Integrated Asset Development & Management (IADM) – Episodes:

• Get the Best out of Assets in a Challenging and Dynamic Landscape
• Unveiling the Asset Value through Integrated Production System & Data Analysis
• Unlocking Producing Oilfields’ Potential through Rethinking Development and Mindset Change in Low Price Future
• Enhancing the Asset/Field Value through Data Analytics-based Performance Benchmarking and Recovery Factor Improvement Plan
• Treatment Options and Beneficial Use of Treatment Products for CSG Waters

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