Case Study
Lift IQ Service and ESPs Deliver Production Increment of USD 74,800 Per Year for HydroCarbon Finder E&P
Lift IQ Service and ESPs Deliver Production Increment of USD 74,800 Per Year for HydroCarbon Finder E&P
CHALLENGE Increase production from newly acquired wells by reducing ESP downtime and improving reservoir knowledge. SOLUTION ¦ Install REDA Maximus* electrical submersible pump systems with REDA Continuum* unconventional extended- life ESP stages, Phoenix xt150* high- temperature ESP monitoring systems, and SCB3 satellite communication systems on each well. ¦ Monitor wells with Lift IQ* production life cycle management service, controlling ESPs remotely to resolve problems and better match reservoir conditions. RESULTS ¦ Reduced average production downtime related to ESP performance from 24 to 2 hours. ¦ Eliminated approximately 30% of ESP shutdowns. ¦ Delivered an oil increment valued at USD 74,800 per well per year. ¦ Reduced HSE risks by replacing wellsite visits