#PROSPER PETROLEUM EXPERTS SOFTWARE#

All common naturally flowing well configurations, including multi-lateral, whether naturally flowing or with artificial lift can be modelled and optimised together.With the use of and the IPM approach has been extended to connecting the PETEX software to third party software such as Reservoir Simulators and Process Simulators. These results can then be used to implement adjustments at the field level to achieve the optimisation goals.There are literally several thousand fields worldwide having their production managed and optimised using IPM.

The unique global optimisation approach permits the engineer to determine the optimum setting to maximum production or revenue, taking account of all constraints that are set in the system. With the Reservoir, Wells and Complete Surface Systems model completed and the production history matched, the production system can be optimised and production forecasts run. Can model and optimise the production and the water or gas injection system simultaneously.

The models can include the reservoir tanks, all the wells and the surface gathering system. IPM models the complete oil or gas production system including reservoir, wells and the surface network.TheВ IPM suite of tools:, and can be run together seamlessly, allowing the engineer to design complete field models. However, gas lift was chosen for GT based on the availability of the readily compressed gas, higher life time expectance and lower installation and operational cost as compared to other artificial lift techniques.Petroleum Experts (Petex) develop the Integrated Production Modelling software (IPM). In technical comparison, PROSPER simulation results shows that Gas lift technique gave a higher production rates when compared with the Base Case (Natural Flow), and in terms of economic comparison by considering factors like: water cut and replacement of failed pump, gas lift system was preferred for proper production optimization techniques. To select the best artificial lift method to use, an economic evaluation was carried out using PROSPER for gas lift and a base case (Natural Flow) and then a production forecast with the different scenarios was performed for six years. To increase GT production and extend the lifetime of the field, the operator decided to start up an artificial lift project with an aim of optimize its production. GT oil field in the Niger Delta was used as case study it has a production life span of eighteen years. The principle of Gas lift is by lowering the hydrostatic pressure inside the production tubing through the injection of lighter fluid into the annulus.

Gas lift system is one of the few artificial lift methods used to start up a well and/or increase the producing life of oil and gas wells. Therefore, when an oil well fails to flow naturally, it requires an assisted lifting system. This is to say that a true production optimization requires an operator to take a logical look at the fieldвЂ™s production systems from the subsurface to surface facilities. The paramount aim of every oil and gas operator is to minimize both capital and operating costs and more importantly, maximize cumulative oil production in the most cost-effective manner for the entire field.

Prosper petroleum experts