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 pose 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 practices. The case study indicates that inaccurate measurements of crude oil & gas production represent about 10% revenue loss to an asset with attendant legal consequences or confidence impact in some instances.
This naturally cascades into unreliable business planning cycles and field reserve estimation. This Best Practice in Surface Production Operations Management training will go steps further to highlight current best industry practices with field experience including challenges and how to mitigate identified challenges. This training seminar will further show how an integrated production operations approach is applied in addressing these challenges including custody transfer and other terminal nodes.