The past year has proved to be one of the more challenging years our industry has ever faced. We have been forced to think differently and solve problems in new and unique ways as the oil and gas community has remained laser-focused on reducing costs and improving the economics of its projects. In last year’s article, I highlighted the uniqueness and customizable nature of well completions, which makes the completion strategy a rich target for change as project economics are re-evaluated in the face of uncertainty.
As activity plummeted to record lows, we witnessed a calibration of completion strategies. Whether it was further optimization of the preferred completion technique, implementation of new technologies, or a complete shift in completion philosophy, no stone was left unturned when it came to designing and implementing the well architecture. The primary objective was improving well economics, of course, through reducing costs or increasing productivity. So, how does the well completion fit into this overall goal of cost reduction and productivity increase? The answer is simple: time. Time savings can be achieved in a variety of ways, the most significant being deployment speed, installation reliability, and consolidation of trips into the well. Fracturing plugs for plug-and-perforate completions that can be deployed in excess of 600 ft/min without presetting, International Organization for Standardization and American Petroleum Institute qualification standards for sealing devices, autonomous and remotely actuated downhole tools, and equipment that disintegrates downhole are all commonplace examples of how today’s completions are focused, more than ever, on reducing nonproductive time through speed, reliability, and efficiency.
As our industry evolves and responds to the effects of global economies and geopolitical events, so, too, do the solutions that enable that evolution. What has transpired over the past 18 months, while challenging for all, is oftentimes the necessary catalyst to spark innovation and challenge conventional norms. What was not possible yesterday may be possible today.
I am personally thankful to have had the opportunity to work through this industry cycle and am excited about the future of the oil and gas industry.
This Month's Technical Papers
Recommended Additional Reading
SPE 174922 High-Performance Plug-and-Perforate Completions in Unconventional Wells by Liam McNelis, DynaEnergetics, et al.
SPE 176811 Designing, Planning, and Installing an Eight-Zone All-Electric Intelligent Completion System in an Extreme-Reservoir-Contact Well by S. Jacob, Saudi Aramco, et al.
SPE 179136 An Evaluation of Completion Effectiveness in Hydraulically Fractured Wells and the Assessment of Refracturing Scenarios by Jeff Dahl, Devon Energy, et al.
SPE 180966 Stimulation Optimization Using Engineered Diversion Work Flow To Increase Wellbore Contact in Cemented Completions by N. Heaton, Schlumberger, et al.
Nicholas Clem, SPE, Technology Director, Wellbore Intervention, Baker Hughes.
01 September 2016
Led by Frac, The Oilfield Services Space Could Get Interesting in 2019
Slumping oil prices may throw a wrench into a positive outlook for the global oilfield services and equipment industry. Even if prices rebound, complications in the US fracturing market—and elsewhere—are expected to persist.
Permian Pulse: Using Satellite Imagery Analytics To Track the World’s Busiest Oil Play
Companies are bringing satellite monitoring to the unconventional oilfield—namely the Permian Basin—where they are training machine learning models to track and predict drilling and completions work.
Frac Hits To Take Center Stage at SPE Hydraulic Fracturing Conference
The upcoming event will provide the shale sector with a venue to share new learnings and approaches meant to overcome one of its greatest subsurface challenges.
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28 November 2018
01 December 2018
29 November 2018