Petroleum Development Oman (66%) / Shell (34%) Joint Venture adoption of IHS CERA’s 2003 study’s recommendations for a Smart Oilfield and a connected field has enabled them to deploy technologies that:
- Increased a mature oilfield’s production by 100K barrels/day. At $90/barrel this is $3.2 Billion/year in additional revenue.
- Reduced drilling time from 39 to 14 days ($40K/day savings = $1M per drill saved). Saved $5M per-well cost (includes drilling and completions).
The cost of a connected field to one year of savings and revenue increase: less than 1%. Perhaps a smart oilfield is better than simply making educated guesses to increase reservoir pressure via water injection?
Redline’s Connected Field for PDO/Shell Joint Venture – This mature 45,000 sqr km brownfield contains:
- 6600 broadband connection points
- 52 base stations
- 13 Gbps total capacity
- 130,000 end devices