Share on linkedin
Share on facebook
Share on email

GEO PSI Featured In SPE Santa Maria 2019

“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

John-Sullivan-GEO-PSI

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

Jeff-Scott-GEO-PSI

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

David-Grenier-GEO-PSI

BSEE, thirty-seven years of petroleum services experience with one major and three independents. Manufacturing, management and field operations from bit to barrel.

SPE-Santa-Maria-Invitation

Figure 1: Official SPE Santa Maria Section Invite

Want to be the first to know? Subscribe to our Newsletter!

Enter your email below and we will send you our latest content directly to your inbox. Be the first to read about topical discussions, and new product releases.

Leave a Reply

More-Articles-Icon-Two-Documents-Blog-News-GEO-PSI
Solutions-Reservoir-Surveillance-Applications-Free-Analysis-GEO-PSI
Archive
Jeff Scott

Permanent Downhole Gauges: Analog vs. Digital

Downhole Piezo-Resistive Pressure Tools At GEO PSI we manufacture downhole instrumentation sensors which are sold in many different markets across the world. We sell both analog 4-20 mA downhole pressure tools and several types of digital tools. Both analog tools and digital tools utilize the same type of piezo-resistive transducer, which is often called a sapphire,

Read More »
Next-Level-Predictive-Health-Monitoring-GEO-PSI
Top Posts
David Macdonald

Next Level Predictive Health Monitoring For Artificial Lift

Utilizing Enhanced Vibration monitoring and machine learning software to predict unplanned workovers and reduce downtime. Why is predictive health monitoring needed? Downhole failures in any artificial lift well is an unplanned cost that no operator wants to bear. A failure of an ESP is arguably the worst. Equipment cost is one part, but there is

Read More »
Using-Real-Time-Data-to-Overcome-Deferred-or-Lost-Production-GEO-PSI
Artificial Lift
Aastik Saluja

Using Real-Time Downhole Monitoring to Overcome Deferred or Lost Production

Downhole monitoring in SRP/PCP/ESP installations to help take pre-emptive measures to reduce downtime. The Issue Globally, the oil & gas industry routinely suffers an average of 5 to 7% of unplanned downtime due to unknown wellbore problems and poor maintenance practices. However, this number is skewed due to a majority of wells with smooth &

Read More »