Oil and Gas production in the form of accurate measurement and back-allocating volumes to the wells, efficient production deferment tracking and enhanced integrated production planning process poses a challenge to proper management of an oilfield asset.
In the oilfield, it is a routine practice to carry out these activities (consciously or otherwise) without recognizing and adhering to best practice. Case study indicates that inaccurate measurements of crude oil & gas production represent about 10% revenue lose to an asset with attendant legal consequences or confidence impact in some instance.
Other identified challenges associated with poor management of crude oil production include:
- Weak deferment administration process
- Inefficient metering system
- Poor allocation and reconciliation processes
This naturally cascade into unreliable business planning cycles and field reserve estimation. This Best Practice in Surface Production Operations Management online training course will go steps further to highlight current best industry practice with field experience including challenges and how to mitigate identified challenges. This online training course will further show how an integrated production operations approach is applied in addressing these challenges including custody transfer and other terminal nodes.
This PetroKnowledge online training course will feature:
- Overview of Surface Production Operations
- Metering Systems
- Production Deferment Administration
- Production Allocation & Reconciliation
- Integrated Production / Injection Plan