Rate estimation and correct allocation is a critical step in oil and gas business which comes before production reporting and hydrocarbon accounting. It is still handled manually by many operators and allocation most often is not performed in a real time.
Accurate Rate Estimation Is Not Always Possible
Due to operational constrains, remote area or financial reasons it is not always possible to perform production well tests to have accurate rate estimation & allocation.
Prevent Future Shut-Ins
PetroVisor identifies wells where remedial action (e.g. pump adjustment) could prevent a future shut-in, or where deteriorating production can be restored (water or gas shutoff, casing leaks, scale buildup, …). The wells are ranked according to how much (risked) production is being lost or at risk.
Added Value Gained
Higher field production, less downtime and deferred production.
- Major Middle East National Company for one of the biggest offshore fields in the world