All Days 2008
DOI: 10.2118/116758-ms
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Bridging the Gap Between Real-Time Optimization and Information-Based Technologies

Abstract: For the past several years, the problem of reducing time-to-decision in field operations and capital projects has been repeatedly described and analyzed in qualitative and anecdotal terms. In this paper, we take an engineering approach to measure and understand the problem in quantitative and fact-based terms. We first review the mission of the SPE IT Technical Section-Oilfield Integration (SPE ITTS OI) subcommittee. Several contexts of oilfield integration and their role in Digital Oilfield of the Future (DOF… Show more

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Cited by 12 publications
(4 citation statements)
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“…Henderson (2005) adds that internal and external evaluation of the business impact of "smartness" have demonstrated that the following mix of benefits can be achieved in projects which fully implement Smart Fields technologies and systems: 5 -10% recovery improvements, 10% production increases, 20% OPEX reduction, significant development planning cycle time reduction and reduced development risks and uncertainties. Brulé (2008), in a case study review, addressed the issue of reducing the decision time, showing that data integration deficiencies can slow decision-making, with significant economic impact. In his work, he pointed out cases of data integration and accessibility of water injection in the oil reservoir (Spraberry Driver Unit, West Texas), with benefits estimated at 6 million USD/month.…”
Section: Success Cases Of Integrated Operationsmentioning
confidence: 99%
“…Henderson (2005) adds that internal and external evaluation of the business impact of "smartness" have demonstrated that the following mix of benefits can be achieved in projects which fully implement Smart Fields technologies and systems: 5 -10% recovery improvements, 10% production increases, 20% OPEX reduction, significant development planning cycle time reduction and reduced development risks and uncertainties. Brulé (2008), in a case study review, addressed the issue of reducing the decision time, showing that data integration deficiencies can slow decision-making, with significant economic impact. In his work, he pointed out cases of data integration and accessibility of water injection in the oil reservoir (Spraberry Driver Unit, West Texas), with benefits estimated at 6 million USD/month.…”
Section: Success Cases Of Integrated Operationsmentioning
confidence: 99%
“…For this to occur, a variety of related tasks must be accomplished. These include: (1) injecting as deeply as possible, (2) lifting the well from a single point of injection, (3) injecting under stable, steady-state conditions, (4) injecting the optimal amount of gas for the given production based on individual well performance, (5) minimizing back pressure and (6) allocating injection gas amongst a population of wells in the most resource efficient manner possible.…”
Section: Objectivesmentioning
confidence: 99%
“…While the introduction of such technology has delivered numerous improvements in operational efficiency, it has also introduced new challenges. One such challenge involves the introduction of vast quantities of data that results in minimal actionable information 1,2 . Operators are faced not only with the information technology task of managing this data, but also with the business challenge of leveraging the data to improve their profitability.…”
Section: Introductionmentioning
confidence: 99%
“…According to Edwards et al [7], 0.5 to 2.0% production increase in IO projects can represent impressive value gain. Benefits of around 6 million of dollars/month were described by a case study review in Brulé et al [17], who studied the economic impact in the decision making time caused by inadequate integration. Kapteijn [18] illustrated the importance of IO projects in the value creation and pointed more than 10% of improvement in Shell fields' production by using IO initiatives.…”
Section: Introductionmentioning
confidence: 99%