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Weatherford ForeSite® Production-Optimization Platform Demonstrates $18M

Source: www.gulfoilandgas.com 5/6/2020, Location: North America

Weatherford International plc announced its ForeSite® Production-Optimization Platform demonstrated $18 million in annual savings for a Fortune 500 producer by delivering measurable improvements in efficiency, uptime and production. The compelling combined results persuaded the operator to order a global rollout of Weatherford’s field-wide intelligence platform to maximize production across their U.S. and international operations.

Weatherford, in tandem with the West Texas operator, successfully implemented the ForeSite production optimization platform enterprise-wide, leveraging existing field-data streams as a path to improving efficiencies for multiple forms of artificial lift. Demonstrated improvements included savings in equipment life and personnel gain through management-by-exception techniques.

“The customer’s objectives were clear,” said Manoj Nimbalkar, Global Vice President, Production Automation and Software, Weatherford. “One, the solution must accommodate multiple forms of production, including natural flow, rod lift, gas lift, and electrical-submersible pumps (ESPs). Two, Weatherford must create an enterprise-wide, data-agnostic optimization system to reach across multiple software systems and companies. Three, the solution must leverage historical data from the outgoing software and integrate real-time feeds from the existing Weatherford CygNet® SCADA platform, as well as a competitor’s field-allocation and well configurator.”

The Weatherford production-optimization team collaborated with the operator to assess the production strategy and data needs across thousands of wells. Together, Weatherford and the operator agreed to a phased rollout of the ForeSite production-optimization platform, starting with an initial pilot that was governed by KPIs that would lead to further, enterprise-wide adoption.

Following the complete rollout, the operator expects an annualized savings of $18 million per year. These projections include a savings of $6 million in personnel efficiency, $7 million in increased equipment runlife, and an additional $5 million in revenue garnered from wells transitioned more quickly from naturalflow lift to artificial lift.

ForeSite was installed on a subset of wells—including natural flow, reciprocating rod lift, gas lift, and ESPs—and the platform seamlessly integrated all existing and historic data-management and planning systems into a single production-optimization platform. The resulting real-time efficiencies empowered the operator to manage all pilot wells, both productive and underperforming, by exception, leading to the multimillion dollar savings in both production and uptime.

“The ForeSite pilot exceeded all KPIs and as a real result, the program was expanded to include nearly 1,000 wells in a Phase 1 rollout, which will be adopted enterprise-wide over the next two years,” said Nimbalkar.

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