Setting the value of permanent monitoring and control ///
Reservoir performance monitoring and control is a complex discipline with a single purpose: to provide an operator advanced understanding of a reservoir’s dynamics and the capability to manipulate downhole flow to optimize production while minimizing intervention costs. To do so requires building and using appropriate geological and engineering models as well as advanced, permanent downhole monitoring and control technologies. Today’s capabilities find the industry very close to being able to routinely create and manage "live reservoirs," even in quite-remote locations.
This article focuses on intelligent completions, specifically downhole flow-control valves, which make permanent well monitoring and control possible, as well as the software tools that support them. These hardware and software technologies combined are key to proactive reservoir management.
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