How to Increase Productivity and Profitability with Near-Field Exploration and Development
Digital Solutions for Upstream Oil & Gas Companies
The upstream oil and gas industry is looking for ways to reduce costs when bringing new production online and during operation, while minimizing emissions, water use and other environmental impacts. Near-field exploration and development is becoming an increasingly popular option for today’s producers because this approach enables them to leverage already depreciated costs in operating infrastructure and extend the life of a declining field by accessing new or previously bypassed reservoirs.
For those companies considering near-field expansion, digital technologies are proving invaluable.
White Paper: Digital Solutions for Near-Field Exploration and Development
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Oil & gas customers are using these AspenTech digital technologies to advance near-field exploration and development activities.
Seismic Imaging
Geomodeling & Reservoir Simulation
Flow Assurance & Production Modeling
Digital Twins
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Four Key Digital Technologies for Upstream
Unsure of whether to proceed with the drilling of new wells in a particular reservoir, an offshore Australia operator used patented, full-azimuth specular imaging technology from AspenTech to produce a greatly enhanced seismic image of the complex basin.
Results:
Challenge:
The technology provided the operator additional insights into the legacy seismic data without having to spend more money. The operator felt a high level of confidence in the overall structure of the reservoir and in the ultimate decision to drill.
Outcome:
Gained deeper insights into legacy seismic data, for more confident decision-making
1. Seismic Imaging Technology to Reduce Geological Risk During Well Planning
A major operator in the Caspian Sea region used AspenTech’s integrated subsurface modeling and reservoir simulation solutions to assess the technical and economic feasibility of developing a gas field close to other producing assets.
The operator was able to leverage these insights to reduce exploration costs by up to 20% by focusing the data acquisition campaign on the most significant uncertainties affecting the quality of the production forecast.
Reduced exploration costs by up to 20%
2. Modeling and Reservoir Simulation to Reduce Uncertainties and Maximize ROI
An operator of an offshore oil field with approximately 200 wells wanted to leverage network simulation capabilities to increase production of liquid hydrocarbons.
The network simulation results, accounting for subsurface and surface constraints, provided the operator with the optimal set points to reprioritize well production while accounting for the increasing gas/oil ratio.
Increased production by 5.7%, no additional CAPEX or OPEX needed
3. Flow Assurance & Production Modeling to Increase Oil Production
Bolivian national oil company, YPFB, had seen a considerable production decline in two of its major gas fields, jeopardizing its ability to meet existing contractual obligations to customers.
The company developed an integrated digital twin model that encompassed all field processing plants, sales and export pipelines, and compression stations around the country, using AspenTech’s rigorous process simulation technology.. The integrated model was used to debottleneck the plants, run checks on station capacities and efficiencies, and conduct pipeline capacity and flow assurance analysis.
Increased gas production in two fields, additional $250M USD/year in revenue
4. Digital Twins to Debottleneck and Optimize Gas Production
Read our paper to learn about digital solutions that can help upstream companies:
See How Your Peers Are Benefiting by Adopting Digitalization Strategies
Optimize production
Accelerate time to revenue
Balance energy security, affordability and environmental sustainability
Download our new white paper:
Near-Field Exploration and Development: A Holistic Look at Leveraging Digital Technologies to Increase Productivity and Profitability
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