SPE 30234

Independent confirmation of the substantial financial benefits arising from damage removal and production enhancement is provided by SPE 30234

SPE 30234 Economics of Damage Removal and Production Enhancement.  A. Daneshy, SPE, Halliburton. 

Paper presented at the 1995 SPE European Formation Damage Symposium, The Hague, Netherlands, May 15-16.  Copyright 1995, Society of Petroleum Engineers, Inc. (reproduction of abstract is permissible).

ABSTRACT

Beyond the ongoing major structural changes and cost savings resulting from the industry focus on increasing operational efficiencies, better technology holds the key to future reductions in the production cost of oil and gas. Achieving optimum productivity is a major component of this technology.

In the past most of the technical and operational aspects of production enhancement were keyed towards making reservoirs economically viable. This limited the application of such operations mostly to low permeability reservoirs, or when there was a drastic reduction in production rates. With the real price of oil steadily declining this need is continually extending towards higher permeabilities.

With focus on getting best return on investment it is no more enough to just be profitable. Optimum well productivity will enhance the economic value of any reservoir!! This paper will examine the economic impact of damage removal and production enhancement on reservoirs viewed to be high permeability.

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