OIL & GAS ANALYTICS
ESP Asset Analytics
Lone Star’s MaxUp™ Energy provides Electric Submersible Pump (ESP) operators with a predictive and prescriptive analytics software to solve their common and persistent issues in real-time. Our ESP Asset Analytics helps operators:
- Maximize ESP Uptime
- Extend ESP Time to Failure
- Minimize ESP Workover Time
- Optimize Pumping Over Time
- Increase Monitoring Efficiency
- Minimize Solution CAPEX
MaxUp™ Energy’s ESP Asset Analytics monitors and evaluates all elements influencing ESP production and health, ranging from inbound power through outbound pressure/flow and all critical systems in between. The solution provides continuous evaluation of production efficiency and predictions of system, sub-system, and component-level failures. Additionally, the solution prescribes mitigating/preventative action(s) enabling effective operational adjustments to improve ESP productivity, extend time to failure, and mitigate high cost of workovers.
About MaxUp™ Energy's ESP Asset Analytics
MaxUp™ Energy’s ESP Analytics software pays for itself in days and generates significant ROI on virtually any ESP deployment. Our software requires no additional sensors or hardware and provides far greater visibility into your ESP.
- Enables Comprehensive Action – Diagnoses, Predicts, & Prescribes Action on Up to 60 ESP Failure Modes
- Ensures Rapid Onset Issues Are Identified – Evaluates as Frequently as Every 10 Seconds
- Permits Planned Adjustment and Mitigation – The ESP Solution Can Make Predictions up to Months in Advance
- Fast Time to Value – Once Data Integration Has Occurred an ESP Can Be Deployed in a Little as 1 Hour
Case In Point
An artificial lift optimization firm, working for a large international oil and gas exploration and production company, was experiencing significant difficulties keeping their electric submersible pumps (ESPs) in service in the Bakken shale formation due to harsh operational conditions. This scenario led to low ESP productivity, premature ESP failures, and a high cost of replacement and workover due to last minute planning.
Lone Star® applied its predictive and prescriptive ESP analytics software to the problem. MaxUp™ Energy proved capable of predicting when loss of production would occur due to environmental conditions, as well as component and system level failures in advance of occurrence. This enabled operational adjustments based on root cause prior to expensive production loss and ESP workovers.
The Operational Mode and virtual sensors allowed the client to monitor aspects of the pump that were not previously available. In turn we were able to help the client deliver more product and bring in more revenue. The analytics enabled an improvement in annual BOE production on wells deployed of +/- 7.5% recovering an incremental $684,000 annually (@ $25 / barrel oil) per 1,000 BOE produced per day. Extended ESP mean time between failures by months
Per 1000 Barrels
of extended EPS mean time between failures