The drop in oil prices did not reduce the importance of conventional assets in meeting global oil demands; in fact, the decline in drilling has increased the expectations for production from existing assets. With a comprehensive portfolio of production technologies and integrated services, Weatherford offers solutions for operators looking to produce more oil at a lower cost for a longer period of time. Our customized solutions for conventional assets include artificial-lift optimization, integrated asset modeling, field rejuvenation, and digital-oilfield planning and execution.
Improving forecasting using an integrated model of the entire production system
Applying a detailed surface production facility model to identify bottlenecks
Creating an optimum investment strategy based on detailed reservoir and production analysis
Extending the life of the well with lift technologies designed for low-pressure wells
Weatherford offers a proactive, integrated approach for managing our clients’ conventional assets through the Production Advisor solution. The solution follows a proven, three-step methodology that applies to every stage in an asset’s life. First, the advisory team builds an integrated model that incorporates information at the reservoir, well, and production-facility levels. The model is enhanced by adding real-time monitoring and optimization software to create a comprehensive asset‑management dashboard. During the last part of an asset’s life, advisors put additional emphasis on the price and cost of production per barrel.
The process begins with an integrated asset model that follows the flow of gas, oil, and water from the reservoir to the separator. This comprehensive model enables engineers to perform accurate production forecasting.
Next, the asset management team assesses the performance of the field using i-DO® software, which enables proactive asset management.
As the asset reaches maturity, advisors turn their attention to field rejuvenation. Leveraging detailed knowledge about trapped oil, the team determines the most cost-effective production methods as well as the overall investment strategy.
Technology is at the heart of our approach to meeting clients’ needs. We constantly update and refine our technologies to solve new challenges encountered in the field.
It is vital to accurately track flow rates at every step of production. The combination of an Alpha multiphase flowmeter and the Red Eye® MP water-cut meter delivers robust, full-range measurement of gas, oil/condensate, and water rates.
Our powerful CygNet enterprise operations platform and i-DO software are now available for smart phones and tablets. Mobile access to these solutions enables clients to collaborate and make informed decisions in real time.
Our sand-tolerant pump restores economic viability to sandy, rod-pumped wells by lubricating the plunger/barrel interface with filtered production fluid. Based on ongoing tests, the sand-tolerant pump works in sandy conditions up to 5.5 times longer than conventional rod pumps — reducing workover costs and optimizing production.
The WellPilot optimization controller delivers remote, real-time control and optimization of artificially lifted wells. The system continuously monitors performance and automatically makes adjustments. It is often deployed in combination with the LOWIS™ life-of-well information software, which performs real-time analysis to increase production and reduce costs.
The latest Maximizer pumping unit is a consequence of decades of experience and exceptional results. The conventional geometry design combines our established, industry‑proven structure with the robust Maximizer gear reducer. The Maximizer III unit uses common components, which enables operators to minimize spare-parts inventory and maintenance costs.
The combination of our industry-leading technologies and our disciplined approach has produced measurable value for our clients.