Upside
- Higher pressure drawdown possible compared to alternatives. It can give a higher initial production in a well, or maintain the plateau production longer when the reservoir pressure is declining. Every extra day with a production of 500 bopd represents about USD 32.000 a day.
- In later stages of a well life, service life of pumps and energy cost generally plays and increasingly important role. A saving of up to USD 30.000 a year per well is achievable due to less repair and replacement costs with Flapump. This will again represent a reduction of production cost per barrel of USD 4-8 when the production is down to 10-20 bopd.
- Less downtime means less lost production.
- The high efficiency of the Flapump assembly (about 90%) leads to low OPEX.
End result: higher ultimate recovery rate
And...
Because the hydraulic pump can use electric-, diesel- or natural gas-motor as drive source, the most economically accessible drive source can be used.
Due to the long service life and the ability to adjust with changing well conditions the pump can be reused repeatedly in short lived wells when economically feasible, typically onshore.