Due to recent volatile oil prices and the massive squeeze on capex, well intervention is more important than ever to address declining production, rejuvenate wells, and maximize recovery and asset value.

Related: Maximizing Opex Impacts with More Well Interventions 

Intervention enables more production at a reduced cost per barrel and with a lower environmental impact. Despite this economic benefit, 70% of total intervention spend is dedicated to reactive interventions to restore production. In this SPE Tech Talk, Schlumberger Reservoir Performance Intervention Business Line Director William Antonio and Intervention Technical Director Matthew Billingham explain the distinction between reactive and proactive intervention and how the latter can help operators improve their production performance. Antonio and Billingham also discuss some of the key drivers for proactive intervention and how digital plays an important role with this approach for selecting the best candidates for intervention, improving results, and mitigating risks.