Case Study — Cost Savings from Real-Time DFIT Data
A real world study of how one operator cut their costs and time in half by utilizing real-time data
Several months ago, Reservoir Data Systems was called upon by a notable client to provide real-time solutions on a large-scale data project. The client allocated an annual budget of $500k for the project, with the hopes of capturing DFITs on 50 wells ($10k being the average expected cost per gauge rental per test). Using memory gauges, the average test time was 20 days.
By utilizing Reservoir Data System’s EBOT-Surface Pressure Gauges, FLOWBOT- Inline flow meters, and proprietary FASTRACK-Real-time Communications Package, the client was able to view the data in real-time, which would result in significant gains of cost and efficiency.
By means of the RDS user portal, the client was able to visualize the tests in real-time — they were able to actually see the pressure data, rather than hoping the memory gauge had captured everything reliably. Receiving the data instantly also allowed the customer to perform rolling analyses on each test, effectively cutting the total time of each test in half.
The significant time savings allowed the client to capture an additional 60+ wells of data while staying within the original budget. The incremental cost to perform the same amount of tests using the memory gauges, at twice the test length, would have increased their budget by over $600K.
The Reservoir Data Systems FASTRACK Real-Time Communications Package gives users a quick, easy, and cost-effective way to integrate real-time data into their operational processes — we help our clients make better, smarter, and faster decisions, while saving them both time and money.
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Originally published at http://reservoirdata.com on March 9, 2018.
