Artificial Lift Production Optimization Canada 2015
|Event Date/Time: Apr 29, 2015||End Date/Time: Apr 30, 2015|
Containing 1.7 billion barrels of tight oil and 4,995 trillion cubic feet of shale gas yet to be recovered, the Western Canadian Sedimentary Basin holds huge revenue opportunity for oil companies, even in the low price crude climate; so long as production and artificial lift costs are managed properly.
It is now down to Production VPs, Managers and Engineers to ensure reserves are recovered at the lowest possible cost and with limited well downtime to keep strong production flowing throughout the lifetime of the well.
Current commodity prices are of course the main driving force behind cost-centric strategies, however optimizing production will increase margins even more dramatically when prices rebound.REDUCING LIFT COSTS WHILE MAXIMIZING RECOVERY: CONGRESS DEDICATED PURELY TO PRODUCTION PROFESSIONALS
The 2015 edition of this operator led congress focuses on artificial lift and secondary recovery techniques across the Western Canadian Sedimentary Basin. This year's congress hones in on overcoming the WCSB-specific challenges of high gas rates, H2S, paraffin wax and sand production. Ultimately driving this year's agenda is cost and new technologies all delivered by key E&P operators in the Western Canadian Sedimentary Basin.
Key cost-reduction strategies being discussed by E&P speakers include:
Identifying in which areas and under what circumstances switching lift types will help maximize per-barrel margins during the period of low oil prices
Identifying cost saving opportunities at different stages of production, from lift to chemical treatment
Identifying which production and lift technologies are helping ensure maximum drainage at lowest cost and consequently, high profit wells