More economical ways to drill and work over wells

As part of a late 1990s plan to increase production in Venezuela, PDVSA sought more economical ways to drill and work over wells in Lake Maracaibo. Schlumberger helped solve this challenge by applying an integrated approach to project management and introducing a range of new technologies.

Project management alliance

The companies formed a 10-year alliance, PRISA, in which Schlumberger operates an oil field on behalf of PDVSA to improve productivity and achieve shared goals. The project management scope covers all phases of operations, from planning to job execution and analysis.

By January 2000, the PRISA project was fully mobilized with 6 multipurpose drilling and workover vessels and 645 Schlumberger personnel in place. The PRISA project team creatively manages drilling and workover rigs and services, barges, tugs, and crew boats.

Production increase and cost savings

Schlumberger has introduced many new practices and services to the Lake Maracaibo project, resulting in:

As part of a late 1990s plan to increase production in Venezuela, PDVSA sought more economical ways to drill and work over wells in Lake Maracaibo. Schlumberger helped solve this challenge by applying an integrated approach to project management and introducing a range of new technologies.