Artificial Lift Optimization Selection

ARC has been conducting research related to oil & gas technology for over two decades.  Recently ARC conducted detailed research specifically for artificial lift optimization (ALO).  Based on this research, ARC analysts have developed a comprehensive set of criteria to help you select the best artificial lift optimization solution available in the market.

Artificial Lift Optimization Overview

For decades, upstream operating companies have deployed several artificial lift technologies to increase production of mature wells, both onshore and offshore.  These solutions are also being employed in newer unconventional wells to help offset the steep decline rates and maximize production over the life of an individual well.  Solutions designed to optimize artificial lift systems are in great demand as owner-operators, independent E&P companies, and other industry stakeholders try and squeeze out more profits per barrel of oil equivalent, produced in the face of today's lower oil prices.  International oil companies (IOCs) and national oil companies (NOCs) are both competing and cooperating in the constant race for recovery of hydrocarbons, primarily oil and natural gas, which will continue to comprise a sizeable and growing share of the energy source mix that includes coal, nuclear, hydroelectric, solar, and wind, among others.

The majority of oil and gas wells operated throughout the world require some form of artificial lift during their lifecycle.  Selecting the right lift technology requires detailed analysis; including gas, oil, and water property predictions; pressure loss from inflow to wellhead; variation in gas and oil ratio; and water cut over a time period.  Monitoring and optimizing the artificial lift system is equally important to selecting the optimal lift technology, because improper operation of the lift system generally leads to higher OpEx and subsequently CapEx investment.

ARC has been researching the oil & gas market for over two decades and we know the issues:

• Compatibility with current installed assets and other technology
• Breadth and depth of supplier’s applications and related operations solutions
• Support, training, and spares
• Understanding the total cost of ownership for OEMs and end users
• Architecture integration based on standards
• Integration with IIoT strategies and business systems
• Designs for maximum reliability
• Supplier long term viability
• Identify long term visions

This ARC Selection Guide will help you select the best artificial lift optimization solution for the future.