ABERDEEN, UK – LR Senergy and PEAK are collaborating to help operators of producing assets improve their unit operating costs.
The two companies will combine their knowledge and experience in topsides engineering, reservoir engineering and inflow modeling, production chemistry, flow assurance, and production technology to offer optimization options for energy projects, from reservoir through well stock and facilities to the point of export.
They plan to work with operators to identify improvement measures that:
- Increase production potential
- Minimize losses (improving production efficiency)
- Minimize extraneous opex.
Murray Douglas, head of development solutions at LR Senergy, said: “In our experience, most if not all assets would benefit from such optimization exercises. Greater margins are there to be had. But given the ongoing low oil price this is clearly a good place to look to improve asset cash flow with minimal investment of time and resources.”
Dr. John Hargreaves, managing director of consultancy PEAK, said: “Our case studies have shown that almost all assets have room for improvement. The ability to work across disciplines holistically in a focus team is the most effective way of addressing lift cost and will benefit 90% of assets.
“By working hand in hand with the asset operators, we are able to make the most not only of available data, but also the knowledge which resides in the various operating teams. Our approach is not purely analytic, but also practical. We frequently find that operators are aware of specific issues or focus areas and we help to resolve or optimize them to best effect.”