ASSET ECONOMICS
Evaluate mature wells before expensive redevelopment.
Before spending major capital on redevelopment—or shutting producing wells down—evaluate whether existing wells can be economically optimized.
Find the opportunity in the assets you already have.
Screen wells for technically feasible, low-CAPEX modernization. Establish a defensible baseline before recommending equipment, controls or a broader redevelopment program.
Assess Existing Wells ↗ENGINEERING SCOPE
- Current production and decline behavior
- Artificial lift configuration
- Lifting cost and electricity consumption
- Downtime, maintenance burden and workover history
- 01Existing mature wells
- 02Well screening
- 03Artificial lift assessment
- 04Energy baseline
- 05Retrofit
- 06AI optimization
- 07Measurement & verification
- 08Scale-up
MEASUREMENT & VERIFICATION
Prove the difference.
Then scale it.
A verified baseline separates actual improvement from changes in well conditions, operating hours and external factors.
Agree on metering, data quality, attribution, the evaluation period and normalization before deployment. Track uncertainty and reconcile results jointly.
BASELINE / BEFORE
Production · bbl/day
Electricity · kWh/day
Downtime · hours
Workovers · count
Lifting cost · per barrel
Carbon intensity · CO₂e/barrel
VERIFIED / AFTER
Production uplift
Energy reduction
Avoided downtime
Maintenance improvement
Incremental cash value
Carbon-intensity improvement
THE NEXT STEP IS AN EVALUATION
Before the next major CAPEX decision, start with your existing wells.
Tell Us About Your Field ↗Start small. Measure carefully. Scale when the economics are demonstrated.