OUTLINE JIP PROPOSAL - iWell Value Tool

1   Introduction & Objectives

Recently a need has been widely expressed at many international conferences, for a means of quantifying the added value of a remotely controlled intelligent well completion. The absence of such a tool is often seen as a barrier to implementation of this technology and the realisation of the potential benefit it offers.

This project will satisfy the need by a novel approach chosen to provide a simple solution that can be delivered quickly, combining –

• · the best available published experience

• · the lessons already learned by the project partners

• · expertise in smart well systems analysis

- transformed into a simple software tool that engineers in operator companies can use without prior training.

The benefits to operators and vendors, are –

• · confidence in the business case

• · an independent view of potential implementation value

• · accelerated production, increased recovery, and reduced intervention

• · wider use of the technology and hence market scope

2   Deliverables

The primary deliverable is the software itself, which will be provided to each sponsor. This tool will estimate quantitatively the potential benefit from implementing an intelligent well rather than a conventional well in the same situation. It will be self-contained, to run on a PC that has MS Excel. The software will be designed to be simple and clear to use. Input of all the required information will be through question-and-answer dialogue boxes. Results will be clearly tabulated, with the reasoning and assumptions, ready to cut-and-paste.

3   Expertise

In addition to the requisite engineering and software expertise, Proneta has specific, directly related experience of –

• · working on the engineering and economic detail of intelligent well applications (through risk analysis projects with operators and vendors);

• · running successful JIPs (with 4 sponsors and with 10 sponsors) on budget and on schedule;

• · successful on-schedule completion of software-based projects (reliability risk analysis of intelligent wells).

4  Timescale

Proneta has resource available to start as soon as a contract is in place. We expect to complete the project within 12 months, including delivery of the software to the sponsors.

Preliminary project planning meetings are scheduled for 19 February in Houston, 25 February in Aberdeen, and 2/4 March in Brighton – potential participants are welcome.

Interested ? - contact us