________________________________________________________________________________________________________________________

Accenture analysis predicts a deficit of up to 40,000 competent workers by 2025 , compounded by an aging workforce . Comprehensive digital solutions that integrate both subsurface and surface operations , enhancing efficiency and identifying opportunities for continuous improvement help to fill the void .

Organizations can leverage advanced geophysical , geological , and engineering solutions that empower geoscientists and engineers to gain unprecedented insight into subsurface knowledge , delivering accurate models for complex reservoirs and optimizing production . These technologies aid in investment prioritization , exploration programs , drilling , and field development by reducing risks associated with forecast uncertainties .

From providing feasibility studies to enhancing well construction

One of the most significant challenges in oil and gas exploration and production is to forecast recoverable volumes of hydrocarbons and drive production scenarios amid pervasive subsurface uncertainty . The traditional multidisciplinary approach to scenario iteration is time-consuming and may result in missing the most effective production projections . Herein , the complexity of the subsurface dynamics intersects with the challenge of accurately modelling a range of scenarios and their economic implications . For instance , designing wells for nearfield expansion requires intricate trajectory planning to maximize recovery from a single well while maintaining a safe distance from existing wellbores . The complexities of drilling in these kinds of scenarios requires geomechanical modeling and real-time data utilization , both of which are contingent on skilled human intervention . To address this challenge , the industry may need to invest in workforce development and training initiatives to help deliver a new generation of experts .

Optimizing production

Solving one of the actual challenges – the use of existing facilities for a new production regime - necessitates a holistic overview of the system to incorporate all the constraints when planning the tie-in of new production wells . The tight integration of subsurface and surface assets , facilitated by integrated flow assurance and production modeling software , helps enable operations to quickly anticipate the impact a new tie-in will have on the process facility in the short and longer term .

Building a fieldwide model enables collaboration between multiple teams , allowing them to optimize the entire system , define operational best practices and reduce tie-in time . The capability to quickly achieve steady-state operations can result in net savings of at least four days of production .

Accelerating project delivery

A production network simulator is critical to ensuring the safe and cost-effective transportation of fluids . Such a simulator can assess the multiphase network response of multiple wells feeding into a common production system , where the response of one well will affect the flow rate of another . From complex individual wells to a vast network , AspenTech ’ s production modelling and optimization software can be made use of to ensure optimal flow over the entire lifecycle and improve margins .

By utilizing advanced simulation software in this manner , organizations can reduce their dependency on a small pool of experts . This widens the talent pool for operating and

22