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.

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