Bakken Artificial Lift Cost Reduction & Production Optimization 2015
Venue: Sheraton Denver West
|Event Date/Time: May 19, 2015||End Date/Time: May 20, 2015|
As operators engage in new price-responsive strategies to react accordingly to the low oil price environment, the big push is on innovative cost cutting and the optimization of existing assets.
Whether switching to new chemical treatments to reduce failures, restructuring equipment to reduce surface facilities costs, or redeploying artificial lift to ensure every pump generates the most revenue possible per day, there are ways to reduce costs in both incremental and transformational ways from the production engineering perspective to ensure wells remain economic.THE ONLY CONGRESS DESIGNED SPECIFICALLY FOR PRODUCTION PROFESSIONALS
The 3rd in an industry-renowned series, this year's Bakken Artificial Lift Cost Reduction & Production Optimization Congress 2015 is returning to Denver, entirely dedicated to the optimization and cost reduction of production assets with a focus on identifying the areas of most costly expenditure without compromising production rates.
Over two days E&P case studies will be presented by Production VPs, Managers and Engineers to deliver the following practical, bottom line benefits to attendees:
- $100 vs $40-60 PRODUCTION TECHNIQUES: Chemical treatment, lift types, surface equipment; what worked economically then, doesn't necessarily do so now. It is possible to produce economically at $40-60 per barrel; this congress has been designed to make sure every production professional in the Bakken knows how.
- CAPITALIZE ON UNPRECEDENTED LEVELS OF EFFICIENCY: The positive side of the oil price decrease is in the extent to which it has driven operators to innovate. Production professionals are now discovering unprecedented levels of efficiencies in their operations and reducing costs and failure rates in ways that may never have otherwise been discovered. Learn from this and maximize margins both now and for when prices go back up.
- FOCUS ON EXISTING WELLS: Capital-intensive production strategies are not helpful right now. Smart, innovative, responsive techniques for optimizing existing wells and assets are. This conference will focus for the first time ever, purely on how production professionals can alter, improve, and upgrade existing wells to maximize overall recovery at the very lowest cost.
- TRANSFERABLE BENEFITS: Each session is designed with the sole purpose of providing takeaway lessons that can be transferred between production professionals and applied across different fields.