Our Operations Profit Optimization suite of solutions delivers an unparalleled ability to achieve quantifiable production improvements with a high degree of confidence while taking into consideration the dynamic changes in the field. These solutions help experts achieve operational excellence while simultaneously reducing costs, decreasing downtime and increasing production. Our suite of optimization solutions for the petroleum industry helps solve key questions such as:

• What is the most effective way to explore and exploit my revenue producing assets?
• How do I reconcile the impact of my day-to-day engineering decisions with our long-term financial goals?
• Can I minimize downtime on workovers?
• How can I get more oil out of the hole?
• How can I prioritize and value the myriad of potential engineering choices?

To learn more about our innovative Operations solutions and how they can impact your performance read on.

Drilling Plan Optimization
Field Production Optimization
Workover Optimization
Enhanced Recovery Optimization
Well Lifecycle Valuation

Our Drilling Plan Optimization solution helps you achieve a new level of capital effectiveness in your drilling plans. This solution objectively considers potential drilling sites along with the available drilling resources and determines the optimal drilling schedule with the best selection of resources to achieve the stated goals. With this solution, you can transform your operations with insights including:

• Which sites should be drilled?
• When should the site be drilled?
• What is the best utilization of our resources at the site?
• How should the drilling schedule be changed due to unexpected events and downhole conditions?

This is just a sample of the potential insights you can gain. With Drilling Plan Optimization, you determine your goals and the solution will help you optimize based on your goals.

Our Field Production Optimization solution assists in making the optimal field engineering decisions to align with your financial objectives. This solution evaluates the lifecycle of wells and production equipment in the context of cyclical energy prices and determines the risk adjusted financial impact of production engineering decisions. With this solution, you can determine the answers to a variety of intertwined issues including:

• What is the lifetime value of each well?
• Is there another engineering solution that would have better financial results?
• What is the total likely impact of the engineering solution on lifting costs, cash flow and reserves?

This is just a sample of the potential issues. With this solution, you determine your goals and the solution will help you optimize based on your goals.

Our Workover Optimization solution aids in minimizing downtime and maximizing production. This solution significantly reduces costly bottlenecks in the field due to resource constraints while considering ever-changing field conditions. With this solution, you can proactively manage workovers and gain insights into the following:

• What are the best resources to assign to minimize production downtime?
• How can I ensure that expensive resources aren’t delayed by inexpensive resources?
• What is the tradeoff between workover costs and downtime?
• How can I best plan for unexpected events during workover jobs?

With this solution, you create a workover plan that helps you have the resources you need at the workover sites when they are needed.

Our Enhanced Recovery Optimization solution helps you extract more value from your assets. This solution schedules enhanced recovery resources such as CO2, steam or water to maximize output while complying with production constraints. With this solution, you can achieve longer productivity and revenue from your resources by answering the following:

• What type of enhanced recovery schedule should I use this month and a year from now in order to maximize production output?
• How will the introduction of a new wells impact my on-going production?

Our Well Lifecycle Valuation solution provides transparency on the financial impact of engineering decisions. This solution reveals the true value of operational decisions over the long-term given an unpredictable future. With this solution, you can adjust your operations to achieve better long-term financial results by considering questions such as:

• What pace of production is best today and a year from now?
• Which resources should I deploy when to maximize the production of this well site?
• Should a well be worked over, shut in or abandoned?
• What surface and downhole equipment gives the best ROI while meeting production and financial constraints?
• What is the cost profile, reliability and decline curve for the reservoir, assets and business units?

The list of potential queries is endless. With this solution, you consider a broader, more inter-dependent set of possibilities and the solution will calculate the expected financial return.

Learn more about how NuTech Solutions can help you optimize your operations profitability:

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