We use our powerful thinking and creative solutions to unlock stuck projects and value. We provide rapid assessment and concept development to improve economic effectiveness. Challenge us to get your projects moving.
io issued an invitation to clients to challenge us on a field development currently viewed as uneconomic. A client supplied a field development concept which was believed to be unviable, due to, low GOR, heavy waxy oil and lack of subsurface data.
The challenge to io was to consider the processing facilities and offtake, to determine a development concept viable at sub 50$/bbl.
The application of alternative low tech know how to yield a economically viable concept at 50$/bbl using a single production well to acquire reservoir data, trucking emulsions, address technical issues, and help unlock the field development.
Alleviating concerns about the technology requirements and economic effectiveness of development plans for this heavy oil field. Heavy oil production issues included viscous flow and wax deposition requiring a heating solution for separation and flow assurance issues of emulsion production. The client’s assumption was oil resources would support initial production of 2,000 bopd followed by phased production build-up of 30,000 bopd. Wells have the potential for sand production and high water cuts which impacts on oil rates.
The application of “preliminary assessment and risk identification” and “rapid concept development” toolkits with io Heavy-Oil SMEs to develop some unidentified field development.
