What does a production increase of 1% actually mean?
If you’re operating a large field producing around 200,000 barrels of oil per day, a 1% increase in production through the use of better perforating technology would equate to 2,000 extra barrels of oil per day or 730,000 barrels per year.
At a selling price of $40 per barrel, that’s a whopping $29.2 million annual increase in revenue for one field.
And that’s only a 1% increase. Validated testing shows the potential for TriStim to deliver a 20% – 50% productivity enhancement.
TriStim can also help you increase your share price
Not only does productivity increase, but choosing the right perforating technology also has very positive benefits for your share price.
Because the PI (Productivity Index) of your wells is directly related to your share price (through portfolio worth calculations), the choice of perforating system becomes an integral part of your portfolio enhancement plan.
For new wells, depleted wells, and wells with marginal (or even non-viable) economics, perforating with TriStim immediately improves flow and increases productivity.
How can it do that?
TriStim is better at creating more optimised tunnel geometry than conventional perforating systems and better geometry leads to increased flow. Combine this better flow with greatly reduced skin damage during the perforating process and you have significantly increased production.
Benefits for conventional wells
The implications of improving hydrocarbon flow – and hence increasing productivity – go far beyond simply producing more barrels per day:
- Making depleted and uneconomic assets economic again (whether individual wells or entire fields).
- Reducing the time taken to exploit individual wells by reducing the lifecycle cost of exploitation, while also extending the scale of the production project.
- Ultimately increasing asset value, recoverable hydrocarbon reserves, and hence shareholder value.
Benefits for unconventional wells
Reducing the initiation pressure for fracking means savings in horsepower, manpower, water, chemicals, equipment and logistics. Once again the knock-on effects can be major. For example:
- Savings in well construction costs due to lower fracture pressure and the potential to perform more fracs per well.
- Savings in water offsetting transportation bottlenecks and other causes of shortage.
- Savings in chemicals, water and other materials, plus reduced logistics requirements, adding up to reduced environmental footprint and a good PR story.