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178                                       Intelligent Digital Oil and Gas Fields


          prediction based on analytical models, and finally (6) generate actions, les-
          sons learned, and recommendations to improve field operation.


          5.4.1 Business Model
          Smart production surveillance workflows should be built to focus on: (1)
          controlling, mitigating, and reducing those factors that influence production
          downtime and total production losses and (2) improving team productivity
          and process efficiency. The surveillance dashboard enables a management-
          by-exception approach that significantly improves performance. Main fac-
          tors that can impact net present value (NPV) and internal rate of return
          (IRR) include underperforming wells, ESP, GL, PCP, compression, and
          other facilities that are down, poor data quality, and nonproductive time
          (NPT) team member. Figs. 5.15 and 5.16 show field-level KPIs and
          well-level KPIs that can be monitored and improved by smart surveillance
          to improve business model performance.



          5.4.2 Main Components of Smart Production Surveillance
          The main components of smart production surveillance include the
          following:
          •  Sensors: Surface sensors measuring pressure and temperature are required.
             Production rate or multiphase flow metering are desired, if economics
             allow; however, a VFM should be an essential tool for each well.
             Down-hole equipment (ESP/GL/ICV) could help to record flowing
             bottom-hole pressure and temperature in real time.


                          Production  Metric  # wells under  # wells  # wells with
             Field target  Field today   # wells             High wc%
             production  production  losses &  equip  shut-in  IPR  with NO  or GOR  poor
                           Gains  downtime    performance  Issues   forecast
          Fig. 5.15 Field-level KPIs that contribute to business model performance.











          Fig. 5.16 Well-level KPIs used as the main metrics to measure business model
          performance.
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