Business challenge
Our client needed to identify improvements and launch a comprehensive program to optimise their base production.
An upstream oil and gas company's new wells were Capex intensive and production in a mature oilfield (>4,000 wells) was declining significantly.
The assets presented challenges given complex reservoir characteristics and short production lifespan of new wells. The production system required the management of a highly complex secondary recovery infrastructure.
Business impact
$0m
in annualised reduction in asset level Opex, including:
0%+
in production losses target for the asset resulting from these ideas
$0m
in chemicals formulation and distribution
$0m
in secondary recovery management
$0m
in maintenance planning and execution
$0m
in wells repair
How we helped
- Establish a baseline and complete full value mapping
- Co‑develop the blueprint to prioritise workovers, facilities, fluids and chemicals management and assess operational alternatives
- Launch first wave initiatives through several pilots with field teams
- Implement the ownership, accountability, scheduling and KPIs required so the client team visibly leads long term
Key Takeaway
A diagnostic identifies several focused areas to improve production uptime and generate a pipeline of ideas to substantially improve performance in base production and attain the desired target.
Working in collaboration with the client and building capability delivers lasting impact as the client has ownership and visibly leads.