Reducing Development Costs of Subsurface Equipment through Simulation
火曜日, 12月 1, 2015

As the oil and gas industry adapts to the “lower for longer” market, reducing costs and improving the production and efficiency of drilling and subsurface activities takes on even greater importance. Considering the current climate of the oil and gas industry, simulations are especially essential to enable companies to come up with better designs, faster, and at a reduced cost.

This webcast focuses on the role of simulation in the design of drill bits, Inflow Control Devices or Valves (ICDs, ICVs), Electric Submersible Pumps (ESPs), and other down hole tools. The event, which will also feature a live demonstration, explores the role of Multidisciplinary Design space eXploration (MDX) for:

  • Improving product performance, such as increasing ROP
  • Understanding and mitigating failure modes, such as erosion and bit balling
  • Troubleshooting operational questions, such as lost circulation 

“Innovative technologies such as horizontal drilling and hydraulic fracturing have significantly reduced development costs. However, in today’s environment, continuing to drive down costs and improve efficiency is a competitive necessity, and an area where simulation is playing an ever increasing role as companies look to deliver better products to market, faster.”

— Alex Read, CD-adapco’s Director for the Oil & Gas Industry

The webcast explores the business case for simulation in the development of down hole tools, showcase enabling key technologies, including automated design space exploration, Discrete Element Method (DEM), erosion modeling, multiphase, non-Newtonian fluids, including visco-elastic solver, and Fluid Structure Interaction (FSI). 

Alex Read
Alex Graham
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