Oil and gas industry operators have lauded the latest series of technologies introduced by a top-tier oil field service company, Baker Hughes, to optimise crude oil and gas production at reduced cost. This was one of the high points of the presentations during the company’s recent Techno Day held separately in Lagos for the International Oil Companies (IOCs) and the Nigerian independent companies.
The participants, who spoke at the event, said the new technologies were a game changer in the drilling industry, as they would optimise oil and gas production, as well as ensure reduction in water production at a reduced cost to the asset owners. Some of the participants stated that by accurately sampling, testing and analysing reservoir fluid properties, the FASTrack service, which was one of technologies showcased, would “quickly help in the estimation of the reserves in an oil reservoir and also helps predicts its performance and economics.”
The Baker Hughes FASTrack Logging While Drilling (LWD) fluid analysis sampling and testing service, according to the presentation by the company, obtains accurate formation pressure and formation fluid samples while drilling.
“It combines three distinct functions – accurate real-time in-situ measurements of reservoir fluid properties, and down hole capture and retrieval of formation fluid samples,” said the company.
Another technology, which the oil operators said would change the face of the drilling industry, was the Array Production Logging Service, which “delivers reliable and representative measurements in deviated wells, where fluid segregation and multiple flow regimes occur.” This technology, which essentially, provides effective multi-phase production evaluation in vertical and horizontal oil and gas wells, analyses using global statistical modeling-based software.
One of its greatest advantages is that it optimises crude oil and gas production or injection strategy by reducing uncertainties in flow data profile.
Baker Hughes also showcased MagTrack services, which was regarded by the oil industry operators, as “the industry’s most dependable while drilling porosity measurements, deliver critical answers throughout the oil well’s life cycle; from drilling and evaluation through post-well analysis, well completion, and production optimisation programmes.”
The company’s Production Logging with Hydrolog-Flowshot Quantities Water Rate is a technology that ensures 85 per cent reduction in water production from 2,000 barrels of water per day (bwpd) to 300bwpd in the oil well. It also ensures 277per cent increase in gas production, from 1.8million cubic feet per day (mmcf/d) to 5mmcf/d, according to a presentation by Bake Hughes.
Bake Hughes also showcased Sand Control Solutions, which deliver the pay zone to maximise recovery. This technology, which was built on more than 40 years of technology innovation and pay zone expertise, maximises sand-free oil production and increase the longevity of the oil and gas fields.
Information from ThisDay was used in this report.