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MAASP/MAWOP Management

Reducing Intervention Cost with WellMaster

With field operational cost (OPEX) rapidly increasing, the operator’s margins are squeezed for both new and mature fields. Even at record high oil prices, the profitability of new developments or life extensions are questioned.

WellMaster takes the guessing game out of the cost forecasting, and provides data and analysis based on what actually happens inside the wellbore.

Utilize the WellMaster solution for;

  • Evaluate completion designs based on estimated intervention cost over the expected life time
  • Benchmark vendors to defined who is more reliable, and which equipment that fit the operational philosophy
  • Optimize replacements schedule and component selection to align with planned maintenance activities
  • Predict the intervention cost of producing another X amount of years on mature fields