Impact of intelligent well systems on total economics of field development

S. A. Sakowski, A. Anderson, K. Furui

研究成果: Paper査読

10 被引用数 (Scopus)

抄録

Intelligent well technology, referring to the implementation of fundamental process control downhole, has advanced rapidly over the last decade in the upstream oil and gas industry. Application of this technology has continued to expand since recent installation results have demonstrated the value of these completions with a high success rate that operators find attractive. In this paper, we present an economic evaluation procedure to quantify the benefit of Intelligent Well Systems based on net present value (NPV) calculations. Reducing well count and eliminating or reducing interventions by using Intelligent Well Systems has the potential to add many millions of dollars to well NPV, since drilling rig and workover costs may be very expensive, especially in offshore deepwater environments. Delayed revenue associated with production shut-in also must be considered and reduced by discount rate at the same time that intervention and well operating costs increase by inflation rate. The use of Intelligent Well Systems not only reduces or eliminates some capital and operating costs, but also allows operators to accelerate oil production, increase the ultimate recovery and reduce water handling cost, which result in significant benefits in NPV of a project. Thus, Intelligent Well Systems are becoming economically attractive for modest-cost onshore operations as well as for the high-cost offshore environments for which they were initially deemed applicable.

本文言語English
ページ143-157
ページ数15
出版ステータスPublished - 2005 11 15
外部発表はい
イベントSPE Hydrocarbon Economics and Evaluation Symposium: Hydrocarbon Development - A Global Challenge - Dallas, TX, United States
継続期間: 2005 4 32005 4 5

Other

OtherSPE Hydrocarbon Economics and Evaluation Symposium: Hydrocarbon Development - A Global Challenge
CountryUnited States
CityDallas, TX
Period05/4/305/4/5

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Geotechnical Engineering and Engineering Geology

フィンガープリント 「Impact of intelligent well systems on total economics of field development」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル