Weatherford International Plc has launched ForeSite Sense, the world’s most comprehensive reservoir monitoring solution that shows, in real-time, the critical downhole data that determines profit: pressure, temperature and flow, the company said on Oct. 5.
“Data tells the story of reservoir behavior, and reservoir behavior determines production efficiency and cost of asset ownership,” Brent Baumann, president of completions and production at Weatherford, said. “Without question, intelligence drives profitability. ForeSite Sense empowers operators to monetize their data because it creates continuous, actionable intelligence for any well, in any environment and for every budget.”
ForeSite Sense delivers actionable, real-time intelligence across the spectrum of wells: cost-effective solutions drive down the cost of well-ownership with simple and reliable ForeSite Sense pods in mature wells; manages multiple producing zones in shale wells with ForeSite Sense quartz solutions; and optimizes reservoir drainage in deepwater wells with ForeSite Sense optical distributed sensing solutions.
From single production zones in mature fields to distributed sensing arrays in deepwater basins, only Weatherford combines single-cable simplicity, proven sensor reliability, and unprecedented data quality. ForeSite Sense matches data needs with well complexity and economics to deliver a life-of-well solution that draws from the only comprehensive selection of optical, quartz, and piezo-electric gauges, paired with optical flowmeters and intelligent capillary and coiled-tubing remediation services.
“Installed in more than 7,000 wells, ForeSite Sense is field-proven in every well environment and geography from the Permian Basin to the Middle East to deepwater Brazil,” Baumann said. “Weatherford has a three-decade track record of 99 percent reliability with 14,000 sensors. More importantly, the ForeSite Sense end-to-end reservoir intelligence is integrated into the ForeSite ecosystem, creating the world's only single-sourced, production-performance solution. This is the most advanced digitalization solution ever offered.”
The outlook for U.S. shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, OPEC said on Jan.14, in a sign its policy of cutting output is helping rivals pump more.
Ongoing pandemic will make it more difficult for the cartel to support the market.
This week’s meetings are part of an OPEC+ effort to review the impact of a record supply that started May 1 cut and hear from countries yet to deliver their share in full, such as Iraq.