Savings Potential Identified in Workover Operations in Algeria
In 2020 Cepsa started monitoring their Workover Operations in the field, onshore Algeria, for the first time using proNova to measure and understand their operational performance. A total of 6 wells were monitored and several KPIs analysing BHA, tripping and tubing were selected. Benchmark targets were set based on previous rig performance.
How proNova helps
By focusing attention on any difference between target benchmark and actual performance, proNova allowed the team to identify inefficiencies in near real-time which resulted in corrective actions being made quickly to improve performance to monitor and detect savings potential. Analysis such as consistency index was helpful to demonstrate how consistently (and safely) repeated operations were being conducted.
By recording and analysing more than 24,000 individual operations and comparing these against the targets the team were able to identify savings potential of more than 14 days which has associated cost savings potential of $900k.