Artificial Lift Optimization Increases Production and Recovery Rates

For decades, upstream operating companies have been employing some sort of artificial lift technology to increase production of mature wells, both onshore and offshore. The technology is also being widely employed in newer, unconventional wells to help offset the steeper decline rates and maximize the production over the life of an individual well.

Now, as owner-operators, independent E&P companies, and other industry stakeholders try to squeeze out more profits per barrel of oil equivalent (boe) produced in the face of today's declining prices, we're seeing increasing demand for sophisticated software and service-based solutions designed to optimize the typically hardware-based artificial lift systems. ARC Advisory Group recently published research on this exciting and dynamic market. This ARC Insight report will highlight some of the findings.

It well known that the era of "easy oil" has past, with "unconventionals" such as shale oil and gas, ultra-deep water and subsea energy sources rapidly becoming the new normal. In this environment, owner-operators and independent E&P companies realize the value of investing in automation and other technology solutions to enhance production, optimize recovery, and help ensure more efficient operations with fewer experienced personnel.

ARC Advisory Group clients can view the complete report at this Link.

If you would like to buy this report or obtain information about how to become a client, please Request ARC Info

Keywords: Artificial Lift Optimization, Electric Submersible Pump (ESP), Hydraulic Submersible Pump (HSP), Progressing Cavity Pump (PCP), Rod Pump, Gas Lift, Plunger Lift, ARC Advisory Group.