New Technologies
Weatherford ForeSite production-optimisation platform brings annual savings for a client
Published on : 2020-05-12
Weatherford International announced its ForeSite Production-Optimisation
Platform demonstrated US$18 million in annual savings for a Fortune 500
producer by delivering measurable improvements in efficiency, uptime
and production. The compelling combined results persuaded the operator to order a
global rollout of Weatherford's field-wide intelligence platform to
maximise production across their U.S. and international operations. Weatherford, in tandem with the West Texas operator, successfully
implemented the ForeSite production-optimization platform
enterprise-wide, leveraging existing field-data streams as a path to
improving efficiencies for multiple forms of artificial lift.
Demonstrated improvements included savings in equipment life and
personnel gain through management-by-exception techniques. "The customer's objectives were clear," said Manoj Nimbalkar, Global
Vice President, Production Automation and Software, Weatherford. "One,
the solution must accommodate multiple forms of production, including
natural flow, rod lift, gas lift, and electrical-submersible pumps
(ESPs). Two, Weatherford must create an enterprise-wide, data-agnostic
optimization system to reach across multiple software systems and
companies. Three, the solution must leverage historical data from the
outgoing software and integrate real-time feeds from the existing
Weatherford CygNet SCADA platform, as well as a competitor's
field-allocation and well configurator." The Weatherford production-optimisation team collaborated with the
operator to assess the production strategy and data needs across
thousands of wells. Together, Weatherford and the operator agreed to a
phased rollout of the ForeSite production-optimization platform,
starting with an initial pilot that was governed by KPIs that would lead
to further, enterprise-wide adoption. Following the complete rollout, the operator expects an annualised
savings of $18 million per year. These projections include a savings of
$6 million in personnel efficiency, $7 million in increased equipment
run-life, and an additional $5 million in revenue garnered from wells
transitioned more quickly from natural-flow lift to artificial lift. ForeSite was installed on a subset of wells—including natural flow,
reciprocating rod lift, gas lift, and ESPs—and the platform seamlessly
integrated all existing and historic data-management and planning
systems into a single production-optimization platform. The resulting
real-time efficiencies empowered the operator to manage all pilot wells,
both productive and underperforming, by exception, leading to the
multi-million dollar savings in both production and uptime. "The ForeSite pilot exceeded all KPIs and as a real result, the
program was expanded to include nearly 1,000 wells in a Phase 1 rollout,
which will be adopted enterprise-wide over the next two years," said
Nimbalkar.