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PINTO Value Measurement

PINTO Value Measurement. A Practical framework for measuring the program value. “If we don’t know what we don’t know, how could we know what we need to know?”. CERA Study on Integrated Operation Returns. Increase recovery from 0% up to 7% Production increases between 1% and 10%

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PINTO Value Measurement

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  1. PINTO Value Measurement A Practical framework for measuring the program value

  2. “If we don’t know what we don’t know, how could we know what we need to know?”

  3. CERA Study on Integrated Operation Returns • Increase recovery from 0% up to 7% • Production increases between 1% and 10% • Operating cost reduction from 4% to 25% Increase Recovery might not be the case for PTTEP. Initially, we are focused on the Operating Cost Reduction. CERA : Cambridge Energy Research

  4. CERA’s IO Program Benefits Source : IHS CERA Inc.

  5. PINTO Program Components 2: INTEGRATED ASSET MANAGEMENT 1: COLLABORATION AND PROCESS 5: Right-Time DATA AND INFORMATION MANAGEMENT PTTEP Drivers 4: CENTERS OF EXCELLENCE 3: MANAGEMENT BY EXCEPTION • Supporting growth • Standardization • Synergy between assets • Integrated Planning

  6. PINTO Benefits Logic Improvement Benefits Business Workflow Solution Better Reduced Logistics Collaborative Work Environment Real Time Information Infrastructure Increase Recovery Improved Decision Making Field Production Optimization & Integrated Production Modeling* Increase Production Integrated Asset Management Improve Sweep Improve SSHE Increase Availability Well Operation & Optimization Intelligent Wells (Downhole Sensors) Cheaper Reduce CAPEX Increase Efficiency Field Surveillance & Reservoir Management Field Surveillance & Security System Reduce OPEX Increase Production Capability Visualization for Well Surveillance Fewer Development Wells Faster Rotating Equipment Monitoring • Production Process Operation & Facility Integrity Management Reduce NPT Find Optimized Production Opportunity Integrity Monitoring Quality Decision Reduced Deferment Marine Vessel Visual Simulation

  7. Information Infrastructure • If we don’t have Infrastructure to gather data, vital information will be lost • DM is the hidden element. It provides the highway and interface to the information we need. • Data historian give real-time data which is the life-blood of PINTO • Real-time data: • Carry out accurate daily hydrocarbon allocation on a daily basis (not month) • Accurately calibrate production models • Respond faster to problems by using exception-based analysis of data

  8. Collaborative Work Environment • Facilitates good team work as well as better communication • Reduced number of visits required offshore  less bed space, less cost of flights • Connecting experts from different part of the worlds  Solving problems faster and quicker • Key Benefits: Faster, Cheaper, Better • Reduce elapsed time to reach the result  faster • Reduce amount of effort and number of man-hour involved  cheaper • Increased quality, reduce errors, improved performance  better

  9. Apply CWE to Drilling Collaboration Center Apply Collaborative Environment Target Study & Identification Team of Geologist Reviews and Plan Team of Drilling companies have been using collaborationenvironments to re-design and speed up this process. The geologist and drilling teams work together in the same room with access to all the information (both geology and drilling systems) to agree the well path. This can reduce the time taken to design and agree a well path down to less than half a day. Issues and Constraints Cleared? Feed Back for review & Re-plan N Y The re-iterative process could take weeks Drill

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