Weatherford International plc announced a major enhancement to the ForeSite® production optimisation platform. Among the top features of the new release is expanding predictive failure analytics to electric submersible pumping systems (ESPs) and adding complete optimisation capabilities for plunger-lifted wells. Available on any platform from a PC to a smartphone, Weatherford’s enhanced ForeSite offering now provides predictive failure analytics for ESP systems and complete optimisation capabilities for plunger-lifted wells. The platform expands on industry-exclusive capabilities in reciprocating rod lift by adding predictive failure analytics for ESP systems. By predicting an ESP failure before it happens, this capability not only reduces failure frequency, it also reduces total downtime and lost production by enabling proactive failure management and planning. Adding plunger-lift optimisation builds on previous optimisation capabilities in rod lift, gas lift, natural drive, and ESP-lifted wells. Rather than the status quo—using a trial-and-error method to adjust operating pressures—ForeSite enables real-time optimisation and surveillance along with intelligent alerts, well modelling, plunger-cycle design and more. ForeSite is now also edge-computing ready. Combined with advanced IoT-enabled hardware and CygNet® SCADA software, placing ForeSite modeling capabilities at the wellsite can increase asset profitability, productivity, and uptime. The world-first capability paves the way for the next-generation automation system, ForeSite Edge. Finally, the ForeSite enhancement includes automated well testing and the ability to execute well-work activities in the field via ForeSite Mobile. Weatherford introduced the ForeSite platform, which combines physics-based models with advanced data analytics to improve performance across wells, reservoirs, and surface facilities on a single, secure platform, in May 2017. “Since its launch, ForeSite has been deployed around the world with unmatched success, enabling operators to identify and prioritise their production opportunities,” said Kyle Chapman, President of Production for Weatherford. “Simply put, the new ForeSite release gives operators the field-wide intelligence that they need to monetise their data. The new capabilities added to ForeSite combine an unprecedented ability to monitor performance and recognise current and future improvement opportunities across all reservoirs, wells, surface equipment and pipelines. This is the field of the future.” Read the article online at: https://www.oilfieldtechnology.com/product-news/25012019/weatherford-introduces-expanded-foresite-optimisation-platform/ Embed article link: (copy the HTML code below):
Weatherford International has launched an enhanced version of its production optimisation platform, ForeSite. The oil and gas company said the augmented design would better monitor performance and identify opportunities for improvement across pipelines, reservoirs, surface equipment and wells. Altogether it would provide operators the intelligence required to monetise their data. New features include industry-exclusive capabilities in reciprocating rod lift that are intended to lower failure frequency and avoid consequent lost time and production. Weatherford have implemented the latest technology in the platform too, utilising advanced internet of things-enabled hardware as well as features such as automated well testing.