MAXIMIZING PROFITABILITY WITH TRUE, CLOSED-LOOP AUTONOMOUS LIFT OPTIMIZATION
- 1. AUTONOMOUS OIL FIELD Rakesh Rai August 24-25, 2022 DIGITAL OILFIELDS USA 2022 1
- 2. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. ©2020 Weatherford International plc. All rights reserved. THE CHALLENGE Enhance Production Maximize Uptime Improve Efficiency Carbon Neutrality
- 3. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. ©2021 Weatherford International plc. All rights reserved. 3 DRIVING INDUSTRY 4.0 CONCEPTS TO PRODUCTION I o T C L O U D A N A L Y T I C S PRODUCTION 4.0
- 4. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. EVOLUTION IS ESSENTIAL I M P R O V E E F F I C I E N C Y M A X I M I Z E U P T I M E E N H A N C E P R O D U C T I O N P L A T F O R M I o T P L A T F O R M
- 5. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. Autonomous Control Models on the Edge Optimization Communication Control IoT based instant Notifications Data High-Frequency Data & Storage Edge Automation IoT based Optimization and Control
- 6. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. 6 ENHANCE CONTROL WITH FLEXIBLE DEPLOYMENT OR AS AN ADDITION TO YOUR EXISTING EQUIPMENT INSTALLS AS A STANDALONE DEVICE
- 7. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. FORESITE EDGE DEPLOYMENT
- 8. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. INTEGRATED ASSET MANAGEMENT 8 Surveillance & Alarms Management Production Overview Inflow Performance/ Well-test Well Analysis Well Allowable Network Management Forecasting & Optimization Operations Management Surveillance Evaluate Plan Execute Measure/ Control
- 9. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. FAILURE MODEL: MINIMIZE PRODUCTION DEFERMENT 9 Failure Date Deferment Installation One Workover Cycle Job Scheduling Installation Diagnosis Potential Gains Deferment New Well Commissioning ESP Well Life Rig Availability / Mobilization Job Scheduling Failure confirmed Early Failure Prediction Rig Availability / Mobilization Conventional Decision Making Analytics based Decision Making Production Production Failure Date New Well Commissioning ESP Well Life Deferment Installation One Workover Cycle Rig Availability / Mobilization Job Scheduling Failure Confirmation ▪ ESP Failure: Loss of a High Production Artificial Lift System ▪ Capital Intensive Installation ▪ Daily Challenge: Reactive only on lagging failure indicators
- 10. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. BUSINESS IMPACT – FAILURE MITIGATION STRATEGY 10 Pump Optimization by Exception • Irreversible in nature TUBING LEAKS • Imminent cases of failure MOTOR FAILURES • Highly abrupt in nature CABLE FAILURES • Best candidates for improving well operation. • Precise scope for extending run life of the well PUMP FAILURES
- 11. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. MODEL VALIDATION: SCORING METHODOLOGY 11 Machine Learning Analytics Prediction Routine Check Failure threshold Common Monitoring Parameters Complete Parameters Engineered Features Failure Probability
- 12. DIGITAL OILFIELDS USA 2022 ©2021 Weatherford International plc. Private and Confidential, All rights reserved. ADVANCED ESP ANALYTICS IN ACTION 98% Predictive Precision 28% Reduction In Deferred Production 50 DAYS More Uptime Per Pump SPE-197806-MS