JPT Topics

SPE.org 

The fourth industrial revolution is taking the oil and gas business by storm. Many companies have increased resources for big-data analytics and machine learning. Though no one sees physical oilfield services as in decline, development in these areas may take a back seat to artificial intelligence. This paper covers the staged field-development methodology, including analysis and evaluation of various development concepts, that enabled the company to optimize both completion design and artificial-lift selection, reducing downtime and lowering operating costs by nearly 50%. This paper describes interpretation results of a 4D seismic-monitoring program in a challenging Middle East carbonate reservoir.