“ROI from Real Time Downhole Instrumentation EOR: Steam Injection and Waterflood Applications You Can’t Manage What You Don’t Measure”
– By John Sullivan and Jeff Scott, GEO PSI
GEO PSI has been invited to present at the SPE Santa Maria September Meeting And Networking Event! (View Full Invite Below)
Our presentation will focus on the expected ROI of real-time downhole instrumentation, and the economic impact of the data it provides. With our extensive experience working with the most advanced downhole instrumentation, we will provide unique insight into how this technology is revolutionizing the oil and gas industry.
Abstract
Downhole pressure monitoring systems are not a new technology. Specialized pressure sensors have been available since the early 1970’s. In the early days reliability was low, and system costs were high. However, as the technology has matured system reliability and accuracy have improved dramatically, and costs have been greatly reduced.
One of the leading benefits to installing a downhole pressure gauge system is the elimination of wireline costs associated with pressure surveys.
Another, possibly even larger benefit, is that the pressure monitoring system provides real-time data which can be used by petroleum engineers to make important real-time changes to reservoir management. This can result in increased recovery of oil and gas, as well as a reduction in operating and capital costs. These reductions in cost associated with the artificial lift optimization is dependent upon an accurate bottom hole flowing pressure or pump intake pressure which is provided by the downhole instrumentation.
The objective of this presentation is to share information showing the value of data supplied by downhole pressure monitoring systems and how quickly they can pay for themselves by decreasing the time required to make informed decisions based off the consistent and accurate data they provide. With the steep increase in reliability and heavily reduced cost of modern systems, the expected payback time is shorter than ever. We will also go over a brief history of pressure gauge technology, and sensor technology overview along with deployment methods.
Biographies
John Sullivan
BS Economics St. Bonaventure University, BS Petroleum Engineering University of Wyoming, Rensselaer Polytechnic Institute MS Management
Twenty years in the Oil and Gas industry beginning with Sperry-Sun as a field engineer, Managing Consultant with Landmark and Project Management with Halliburton/Pinnacle focused on fiber optic system installation. Twelve years outside of the energy industry in technical management within the recycling industry.
Jeff Scott
BS Management, 16 years oil and gas experience with 13 years of service experience specializing in downhole data acquisition and 3 years of reservoir analysis. Manufacturing, management, sales and marketing.
David Grenier
BSEE, thirty-seven years of petroleum services experience with one major and three independents. Manufacturing, management and field operations from bit to barrel.
Figure 1: Official SPE Santa Maria Section Invite
