How to Increase Production and Decrease Costs with Artificial Lifts
Artificial lifts, systems and operations are designed to save money. They do this by increasing production and decreasing costs. However, there’s a science to ensuring your system achieves the proper results. This includes taking several factors into account, including how to maximise production in a mature field. And artificial lifts are one of the best ways to address production requirements. Below is an explanation of how this can be accomplished. Artificial Lift Systems and Types Whether a lift system optimises production, depends on the type of lift and system used. The lift chosen will depend on the field scale and on the well’s parameters. On the other hand, the lift system or method chosen will depend on production needs. Production needs are determined by assessing the current field productivity, drilling, completions and reservoir. There are two main lift systems: gas-assisted and pump-assisted. Additionally, there are eight artificial lift types. These types include