Panel Moderators: Magdy Kirolos, Al Khorayef Petroleum; Ahmed Abo Shaheba, Schlumberger
Artificial lift operations strategy is a commitment to working jointly between the services and the operating companies to achieve and exceed agreed targets which address the project value drivers and align goals, through engineering commitment, use of fit-for-purpose equipment, supplying experienced, competent personnel, providing effective training and sharing risk and reward, resulting in minimising the life cycle costs of the current operations. The future plans and the approach is one of providing the best value and this can be achieved through relationship accepting responsibility for the establishment and management of a successful operation. Success can only be measured if it adds value to that of the asset through reduced overall cost and/or increased production and this through Artificial Lift Financial Risk Analysis.
It is not difficult to achieve a successful ESP operation, provided focus on the new technology and having the correct equipment, fit-for-purpose, produced to a quality plan, correctly engineered, experienced, and competent personnel, with effective training and competency assessment programmes in place, effective and clear procedures for manufacture, testing, installation, commissioning, operations, and troubleshooting, this required support service organisation in place including engineering, installation, base services, quality assurance and control, HSE, a clear focus on what the operations/project goals are and a financial commitment to achieving them through risk/reward which will be through total field management.
Panel Moderators : Rafael Bastrado, Weatherford; Said Dirawi, Baker Hughes
In the oil and gas industry, the total investment in R&D has been estimated over 18 Billion USD with an average growth rate of 3–4% every year. R&D has always been one of the vehicles of finding answers to the challenges in upstream and downstream areas in the oil and gas industry. These answers are later transformed into best practices, processes, and new technologies that will help improve existing products or create new ones. Technology is one of the key components of the formula for success in the oil and gas industry because it has helped reduce environmental impact, risk, accidents and cost (Opex and Capex), improve oil recovery, reliability, run life, and accuracy among other benefits. In the last 100 years technology has dramatically changed the way oil and gas industry invests, develops, and produces the assets.
Artificial lift has been one of the major areas for investment by operators and service companies. Although the artificial lift technology has not evolved substantially in the last 10–15 years, a big investment has been made in R&D to develop technologies to increase artificial lift systems reliability in challenging applications (heavy oil, high temperature and pressure, corrosive environments, etc), help reduce intervention cost, and deferred production.
The purpose behind this session is sharing information with individuals, academia, operators, and service companies about new technologies, enhanced capabilities, and new applications in artificial lift systems such as Reciprocating Rod Lift, ESP’s, PCP’s, Gas Lift, Plunger Lift, and Hydraulic Lift among others.