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With future demand for oil projected to grow by 42% and gas by 67% over the next 23 years,1 and more than 70% of the world’s oil and gas production coming from fields over 30 years old, operators are under pressure like never before to increase flow assurance and optimize production from existing fields.
Many subsea developments, however, are still not able to provide real-time well information critical to operators. Sometimes, production recovery for the same area with the same operator can be 15% lower in a subsea well compared to a similar topside well.
Too often, subsea production monitoring is based on approximations and poor and high-risk techniques, such as: testing through well reduction, with the dangers that the well might never be the same again; expensive subsea test lines or test separators; or relying on other downhole measurement instruments, such as flowrates, pressure drops and temperature distributions.
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Houston, TX - November 4-5
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