Study of the feasibility of a system for video support in real time for field wireline operations

Abstract

The oil and gas industry makes usage and takes advantage from a variety of resources, technologies, and industry breakthroughs in order to accomplish one single but yet compound aim: Produce in an economical and environmentally sustainable way the required amounts of oil and gas to fulfill a global demand. Several technologies perfectly fit the oil and gas industry needs such us well-drilling technologies, well completion technologies, well production technologies and for the case of this study, well evaluation technologies. Within the well evaluation technologies, this study focuses its application in the wireline logging technology. This technology, when correctly applied, delivers core well formation information so that a well can continue its life cycle toward production. In the present time, where internet connectivity is helping to increase efficiency within so many other industries around the world, it is not the exception that the oil and gas can make a profit out of this as well. The present study analyzes economically and technically the feasibility of using a real-time video support system for wireline operations in the Ecuadorian oil and gas industry. Its current situation suggests technical support for wireline operations requires to add a video feature to its communications to avoid ambiguity. In order to maintain a technical conversation through audio and video, the design includes highlighting or markup tools. The study includes an assessment of the project which consists mainly of cost estimation and risk and quality management plan. The lack of high-quality and reliable companies that develop software in Ecuador may be a cause of attention during the implementation face. VIII Finally, the project goes through an economic evaluation process which provides a Net Present Value (NPV) and Payback period, among other economic indicators, as evidence of the feasibility of the project.