Optimise your well economics: how to exceed production targets with less wells

14 June, 2018 by Add Energy

RWIS_LinkedIn_Active_Link_Optimising_Wells

Building a business case for project sanction is, in most cases, an extremely lengthy and stressful period for all stakeholders involved.

The criteria that an operator must meet before drilling can begin is extensive and in some cases, impossible. Common criteria includes:

  • Being able to demonstrate that production targets can be met
  • Assurance that the project will stay within budget
  • Compliance with legislation, such as single relief well contingency
  • Plans to mitigate risk
  • Compliance with company policy
  • Demonstration of an integrity plan to assure safety and production

The business case must be bullet proof, failure to meet even one of these elements will mean that the project case is rejected.

So, if you’ve been wondering how you can help unlock your project whilst reducing CAPEX costs, maximising production and complying with legislation.

Watch this video to uncover your key.

 

Learn-more

 

Interested or want to learn more?

If you would like to learn more about this subsea hardware, have any questions, or would like to book a free consultation, please complete this form.

A member of our RWIS team will then be in touch as soon as possible.