17 Aug 2020
Kuala Lumpur, Malaysia - (17 August 2020) - Silverwell, a producer of innovative solutions to the oil and gas industry, saw its Malaysian Agent, Neural Oilfield Sdn Bhd, being awarded a contract worth up to USD $3 million by PETRONAS Carigali Sdn Bhd. The contract is for the deployment of Silverwell’s industry-leading Digital Intelligent Artificial Lift (DIAL) gas lift production optimization system in mature fields, offshore Malaysia.
DIAL, a leading global cultural and process change in artificial lift, has successfully supported digitally-controlled gas lift production optimization around the world onshore. However, the project being undertaken by Neural Oilfield Sdn Bhd marks the first fully commercial multi-well deployment of the system offshore.
The world’s first installation of DIAL in dual string wells represents a step change in the oil and gas industry’s ability to operate gas lifted wells and optimize production. The system gives operators greater confidence to drill and complete dual-string wells by allowing enhanced lift from both strings separately.
It’s estimated DIAL could deliver oil gains of up to 30 percent; with 20 percent savings in lift gas consumption and continuous production optimization while eliminating in-well interventions. DIAL can save multiple wireline interventions and reduce requirement for well tests for each year of operation, as well as eliminating deferred production and HSE risks.
“ We’re honored to provide technical solutions to our clients to help achieve their strategic objective of digital transformation to reach operational excellence.
Our client’s willingness to embrace innovation to increase output and avoid intervention-derived production deferment demonstrates a refreshing and forward-thinking approach. They fully recognize the benefits of DIAL in delivering production optimization,” said Darrell Johnson, CEO, Silverwell.
DIAL improves gas lift operations through a data-driven on-demand approach, enabling more efficient production with less intervention. The installations encompass fully qualified, tubing conveyed surface-controlled multi-rate gas lift units, rated to 10,000 psi burst, 6,000psi collapse and 125°C. Each Slimline DIAL unit, specifically configured for dual-string installation, includes three independently actuated orifice valves and on-board pressure and temperature transducers.
To learn more about Silverwell’s digital intelligent artificial lift production optimization system, visit silverwellenergy.com