If you use artificial lift, as long as you’re getting oil, you’re happy – right? Perhaps not.
You’re probably not getting anywhere near as much oil as you should because you’re losing production. The biggest causes are:
- Downtime caused by failed pumps
- Losses caused by undiagnosed pump problems
- Or, if you use gaslift, injecting at an unloading valve
Most people can spot a failed pump – but how many barrels of oil are lost?
Apache’s former CTO, Mike Bahorich, once stated, “Apache lose 10,000 barrels a day from ESP failures. At $100/barrel, that’s $1million a day but, scarily, it’s the other undiagnosed pump problems and non-injection at the orifice that creates the real opportunity for more oil!
As an example, if you are using pumps it’s highly possible that you have:
- Pump wear
- Deposition in the pump
- Wrong rotation
- Tubing leak/Recirculation
- Broken shaft
- Spinning diffusers