Maximizing Profitability Through Automated Production Optimization: A Game-Changer for Digital Oil Field Operations in Kuwait Integrated Digital Field (KwIDF)
H. AL-Rashidi, K. Ranjan, R. Lara, B. Muhsain, S. Singh, D. Tripathi
{"title":"Maximizing Profitability Through Automated Production Optimization: A Game-Changer for Digital Oil Field Operations in Kuwait Integrated Digital Field (KwIDF)","authors":"H. AL-Rashidi, K. Ranjan, R. Lara, B. Muhsain, S. Singh, D. Tripathi","doi":"10.2523/iptc-23592-ms","DOIUrl":null,"url":null,"abstract":"\n The paper outlines a comprehensive workflow for calibrating well models and optimizing well production. An automated well-model management system ensures data accuracy and timeliness by fetching information from the production database. Simultaneously, the well-production optimization process identifies opportunities for improving field development and production operations by analyzing real-time data and applying optimization techniques. The system empowers engineers with data-driven decision-making tools and provides recommendations for optimizing well parameters. The integration of multiple data sources, automated processes, and data quality control ensures the reliability of results. This automated approach enhances the identification of valid optimization opportunities and facilitates well performance management, leading to significant oil production gains and informed decision-making within the field.","PeriodicalId":518539,"journal":{"name":"Day 3 Wed, February 14, 2024","volume":"34 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Day 3 Wed, February 14, 2024","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2523/iptc-23592-ms","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The paper outlines a comprehensive workflow for calibrating well models and optimizing well production. An automated well-model management system ensures data accuracy and timeliness by fetching information from the production database. Simultaneously, the well-production optimization process identifies opportunities for improving field development and production operations by analyzing real-time data and applying optimization techniques. The system empowers engineers with data-driven decision-making tools and provides recommendations for optimizing well parameters. The integration of multiple data sources, automated processes, and data quality control ensures the reliability of results. This automated approach enhances the identification of valid optimization opportunities and facilitates well performance management, leading to significant oil production gains and informed decision-making within the field.