Production Monitoring: Production, Water Cut, Pressures & Tests

As we’ve heard from many of our clients, VISAGE is a valuable resource for production engineers. They appreciate how quick and easy it is to create their own charts with whatever information they need. You can examine any facet of production on a roll-up basis or scroll through your wells individually. This example shows oil, gas and fluid production, test values, water cut, and pump speed for a well.

Production Monitoring: Production Variance

As an operator, one of the most important objectives is to identify wells that have dropped in production and prioritize the wells that need attention. Here you can see a drop in production from the previous day for a collection of 20 wells. VISAGE allows you to drill-down into the chart (with a simple double click) and sort the individual wells to determine which wells account for the biggest drop in production.

Normalized Analysis: Cumulative Probability of Initial Rates

While normalized cumulative probability plots (e.g. this example shows initial rates) provide valuable insights when planning new wells or performing reality checks on your budget wells, they are complicated and time consuming to manage in Excel. In VISAGE, percentile plots are quick and easy to create, and when combined with dynamic grouping capabilities, can deliver eye opening insights (inset shows the same collection of horizontal wells grouped by horizontal direction).

Normalized Analysis: Production Compared to Type Curve

Normalization is a valuable engineering tool. VISAGE can use normalization in a variety of chart types such as rate vs time, rate vs cumulative production, and cumulative probability distributions of initial rates. In this example, VISAGE was used to create a type curve for a play, which is compared to 4 recent wells to see how the wells are performing relative to expectation and how they are performing compared to each other.

Integrated Analysis: Comparison of Actuals to Estimates to Forecasts

One of the most important aspects of monitoring production performance in a company is having the ability to easily compare your field estimates, to actual sales and to forecast/budget. With VISAGE, you can access information from any of your data sources and integrate that information into interactive charts. The VISAGE drill-down capabilities allow you to pin point exactly where you are exceeding or falling short of your expectations and take corrective actions.

Integrated Analysis: Comparison of Actuals Sales to Estimates

A picture is worth a thousand rows of data. Visual analysis tools like VISAGE allow you to identify the areas of greatest concern. This visual shows a scatter plot of percent variance vs volume variance between estimated sales volumes (from field data capture) and actual sales volumes (from accounting). The two areas outlined are where the variance percent exceeds 15% and the volumes are considerable. Now your business analysts have a targeted group of wells to focus their attention on.

Cost Analysis: Operating Cost Breakdown

A key performance measure for energy producers is cost efficiency. The ability to track costs and monitor spending is easily accomplished using VISAGE. Quickly examine your spending history visually, identify Opex/BOE issues, or monitor your netback relative to price changes and operational activities. This example shows VISAGE tied into an accounting system and displays a breakdown of operating costs.

Cost Analysis: Identify Top Operating Costs by Account

Not only does VISAGE offer you a variety of charting tools to monitor activities and identify anomalies, but it also offers you the ability to integrate simple (or complex) reports. Using a chart, a user can identify an anomalously high Opex/BOE, then a report (similar to this one) can be run using a simple right-mouse-click. The report breaks down the opex into is constituent parts, ranking them from top to bottom. You can quickly understand what makes up the majority of your costs (i.e. top 80% in this example) and determine if you can take action to reduce these costs. As always, you can continue to drill down further and see additional information.

Reserves: Analyse Your Portfolio of Projects

The VISAGE team has years of experience tying VISAGE into reserve systems to help you analyse your portfolio and understand the make up of your company. In this example, we are examining the Netback/BOE of each of your projects relative to the age of the project (number of years since production started). Clear groupings of projects can be seen based on the production type (light oil, medium oil and gas). It is also clear that there are anomalies that require further examination to ensure that your portfolio is accurately represented and as strong as possible.

Reserves: Display Reserve Category Wedges

The VISAGE team has years of experience tying VISAGE into reserve systems to help you analyse your portfolio and understand the make up of your company. In this example, we can see the reserves wedges to give you a full understanding of how your portfolio will perform into the future.