RAI Workover Candidate Spatial Analysis

✓ Compatible with desktop

 

Description

Well remediation workovers are an important method to both maintain healthy wells and improve short term production with minimal investment. Identifying and prioritizing which wells are good candidates for different workovers can be a time consuming task as engineers sort through each potential opportunity in order to make an educated estimate on the economic return of a particular intervention.

 

Calculate Uplift Factors for each Job

Determines ratio of pre/post production and net production gain per job.

Predict Uplift using Spatial Model

Dynamically generate response surfaces that highlight sweet spots and statistically significant regions.

Maximize ROI with Economics

Change $/BBL and intervention costs to find key opportunities.

 

Knowing what works – and what doesn’t work – can generate millions in additional barrels and reduced costs.

Data-driven approach

The RAI Workover Candidate Spatial Analysis provides a data-driven approach by examining the history of workovers in the asset and calculating an estimated uplift factor and economic viability based on this history. At its core, we apply a spatial model – assuming that nearby wells will respond similarly to interventions – which means we can predict the uplift factor even for wells that do not have a history of intervention. With minimal data requirements, this solution generates useful statistics on past performance of well interventions and provides economic predictions on each intervention type using a spatial model.

Installation

A template is an analysis file created in TIBCO Spotfire. The intended use is to replace the data and utilize the configured visualizations and calculations.

  1. Download the template to your personal machine. Login into your own Spotfire server and open the downloaded file.
  2. Review the tables shown on the data load page. These are the tables you'll replace.
  3. Replace the data with another Excel sheet or connect the template directly to your database or platform.
  4. Customize with your own data. You are free to embed and incorporate your template into other projects.
  5. All done!

Spotfire Templates are provided as is and do not require licenses.

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    RAI Workover Candidate Spatial Analysis

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    Product Details
    Release date: March 21, 2016
    Last updated: March 9, 2016
    Current version: 1.0
    Software application type: Spotfire Template
    File format: .dxp, .xls
    File size: 44mb
    Requirements: TIBCO Spotfire Professional 7.0+ (2.4.2 untested)

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