Kuwait Oil Company (KOC), a subsidiary of the government-owned holding firm Kuwait Petroleum Corporation, has awarded a three-year digital oilfield contract to US-based multinational oilfield service company Weatherford to support its digital transformation strategy in the North Kuwait Heavy Oil field.
The contract intends to deploy an Integrated Enterprise Excellence Platform across KOC. The award also includes instrumentation, real-time monitoring, and production optimization, and assurance of wells to enable KOC to optimize its production and workover plans, according to the company.
The project’s goals include assisting KOC with heavy oil well analysis, model tuning, well design, asset optimization, surveillance, and forecasting, as well as integration with various exploration & production (E&P) applications. Weatherford will also deploy integrated planning and optimization solutions from the reservoir to export facilities at KOC’s corporate level.
Furthermore, the integrated solution will enable KOC to fully utilize the value of its existing KwIDF systems, while the Integrated Enterprise Excellence Platform will improve efficiency and facilitate KPI tracking.
As per the company, “Supporting these value drivers is the Weatherford ForeSite production optimization platform, which delivers insight that enhances production, maximizes uptime, and improves personnel efficiency.”
“Leveraging advanced analytics, artificial intelligence, and machine learning, the platform synthesizes data from across the operator’s business to help find and prioritize production-uplift opportunities, identify bottlenecks, detect and predict failures, plan and execute workovers. These capabilities continuously improve production performance for wells, reservoirs, and surface facilities,” the company said in a statement.
Weatherford is a leading global energy service, wellbore, and production solutions company, providing equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells. The company conducts operations in 75 countries and maintains service and sales locations in virtually all the major oil and natural gas producing regions globally.