Difference between revisions of "Enhancement Tracking"

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(Data required)
(Data required)
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=== Data required===
 
=== Data required===
*Create [[Field]]s
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*Create [[Field]] [https://ep.pengtools.com/field/index  here]
 
*[[Upload Wells]]
 
*[[Upload Wells]]
 
*[[Upload Daily Measures]]
 
*[[Upload Daily Measures]]

Revision as of 13:28, 24 July 2018

Brief

Enhancement Tracking is a workflow to track and evaluate the benefits of executed Enhancements.

As a result Enhancement Tracking provides a Scorpion Plot which answers those questions:

  • How much was spend on each campaign?
  • What is the incremental oil recovery for each well and campaign total vs plan?
  • Which campaign has better $/bbl performance?
  • Which enhancement has better $/bbl performance?

Scorpion plot

Scorpion plot for different Enhancements at the E&P Portal

Math and Physics

The incremental oil recovery (IOR) for the given Enhancement is:

IOR=V2\  - V1\ - V3

where:

V2 - production increase due to Enhancement,
V1 - production loss due to downtime,
V3 - production loss due to decline rate.

IOR is calculated to selected Enhancement lifetime or economic limit.

Decline Curves are used to model base (before) and enhanced (after) well rates.

Enhancement Tracking[1]

Scorpion Plot

The Scorpion plot graphically illustrates total program split by individual events and ranked by success. The curve initiates from the origin at a low scope (low $/bbl) and increasing until running to a vertical asymptote (money spent with no gain in production) and possibly even a negative portion (money spent and production lost as a result of the intervention). This effectively displays program performance ($/bbl), total volume, total cost, and success rate [1].

Scorpion plot[1]

Workflow

  1. Upload required data
  2. Execute

Data required


References

  1. 1.0 1.1 1.2 Nguyen, Dzu (September–October 2006). "Improving Performance Management in TNK-BP". Innovator, TNK-BP Technology Magazine (12).