Baker Hughes has introduced a new technology to maximise oil production.
The company maintained in a statement that the commercial release of its FieldPulseâ„¢ model-based, predictive analytics software would enable operators to proactively optimise production across entire fields.
Â â€œWhen operators can predict and mitigate problems that jeopardize production, they can manage their assets to meet their maximum potential and deliver the highest return on investment,â€ said Martin Brudy, Vice President, Reservoir Development Services at Baker Hughes.
â€œThe FieldPulse software gives operators that capability, helping them to understand in real time how a field is performing, identify and target wells with the highest production potential and manage the asset accordingly.â€
In order to provide this understanding, the FieldPulse software can seamlessly integrate and interpret large volumes of production data, well models and well test data from multiple sources; then, automating common petroleum engineering calculations, it helps identify and rank underperforming wells.
Key performance indicators such as rate decline and model deviations are constantly monitored, and warnings and alerts are generated to accelerate well selection and provide actionable data to help operators make decisions relating to well remediation, when and where it is needed.
Because the FieldPulse software uses data from existing production and completion databases, operators can choose to avoid investing in new sensors, gauges or databases.
The software also has its own built-in nodal engine, which allows real-time integration between field data and well models without the need for additional well modeling software.
The FieldPulse software can be used in real-time operations centers, in modern collaboration rooms, on tablet devices, on touch-enabled laptops and on conventional laptops and desktops.