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New Technology Opening Remarks

New Technology Opening Remarks. Jim Hall – Shell Int’l E&P 21 October, 2003 ASME/API/ISO Gas-Lift Workshop. What controls the rate of technology evolution?. Consumer Can we improve our profitability by developing/ applying new technology? If no, then there is no demand for new technology.

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New Technology Opening Remarks

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  1. New TechnologyOpening Remarks Jim Hall – Shell Int’l E&P 21 October, 2003 ASME/API/ISO Gas-Lift Workshop

  2. What controls the rate of technology evolution? • Consumer • Can we improve our profitability by developing/ applying new technology? • If no, then there is no demand for new technology. • If yes, then what level of investment will be required to produce acceptable improvement?

  3. What controls the rate of technology evolution? • Supplier • Can we improve our profitability by developing/ supplying new technology? • If no, then there is no demand for new technology. • If yes, then what level of investment will be required to produce acceptable improvement?

  4. Technology Investment Challenge • How to • invest in technology development • in areas where the investment • stands a high probability • of producing profitable results • with minimum risk • of losing the investment.

  5. Technology Maturity Curve Aging Mature Cumulative Effort Growth Embryonic Cumulative Time

  6. Technology Maturity Curve - funding ¢ ¢ ¢ Tin Cup $ $ $ Cumulative Effort $ $ $ $ Cumulative Time

  7. Gas Lift – 1st Wave The End? Mechanical Valves Foot-pieces Single-point Air lift Mineshaft Airlift 1800’s 1797 Early 1900’s

  8. King Valve Gas Lift – 2nd Wave The End? Surface Control Venturi Orifice Automatic Validation Testing Orienting SPMs Real-Time Optimisation Side-Pocket Mandrels NodalSM Analysis Balanced Valves Valve Performance PPO Valves Multiphase Flow IPO Valves Mechanical Valves Early 1900’s Late 1900’s 2000 ?

  9. Gas Lift – 3rd Wave ? The End ? or another beginning? Infinitely Variable Injection Depth Improved Reliability Improved Efficiency Self-Optimising Surface Control Early 2000

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