Ambyint Insights

Autonomous Set Point Management: Dial In Your Wells To Reduce LOE

Posted by Ambyint on Jul 16, 2018 4:55:39 PM

 

The primary objective of Production Operations is to operate every well in the field at peak economic efficiency levels at all times. That is to say, the goal is to sustain maximum fluid production with minimum cost inputs across the field, keeping lease operating expenses (LOE) down while keeping profits up. The highest value lever by which this is achieved is through artificial lift optimization.

Read More

Topics: Optimization, Production Operations, Data Science, Artificial Intelligence, Machine Learning, Value Creation, Feature Engineering, Advanced Analytics, Set Point Management

Ambyint Talks IoT, Machine Learning, and The Digital Revolution at GPS 2018

Posted by Ambyint on Jun 18, 2018 4:09:37 PM

Last week, Ambyint took the stage at the 2018 Global Petroleum Show (GPS). The annual conference and exhibition is one of Calgary's most highly anticipated events for oil and gas professionals across North America. This year's turnout did not disappoint, with over 1,000 exhibiting companies and ~50,000 attendees. In addition to maintaining a booth presence over the course of the three-day event, Ambyint hosted three speaking slots and an auxiliary breakfast seminar, successfully keeping Ambyint at top-of-mind throughout the week.

Read More

Topics: Industrial IoT, Rod Pump, Automation, Optimization, Advanced Analytics, Machine Learning, Artificial Intelligence, Data Science, Production Operations, Conference, Presentation, Global Petroleum Show

Automating the Routine with Advanced Analytics & Optimization (AAO) for Horizontal Wells

Posted by Ryan Benoit, Jesse Filipi, & Brian Arnst on Apr 6, 2018 9:00:00 AM

 

Situation

Artificial lift optimization is one of the core activities Production Engineers and Techs are asked to perform on a daily basis. Rod lift is the most widely used artificial lift type, deployed on horizontal and vertical wells alike. Due to the widespread use of rod pumps, consistent best practices have been established over time. When those operational best practices are adhered to, meaningful increases in field profitability of even the lowest producing wells have followed.

Read More

Topics: Advanced Analytics, Optimization, Horizontal Wells, Automation, Machine Learning, Artificial Intelligence, Production Operations, Production Engineering, Rod Pump, Pareto Principle, Artificial Lift, Value Creation, Predictive Analytics