Moving into electronic age, completion tool and accessories are getting advanced. For the past 10 years, permanent downhole gauge (PDG) technology has been supported with tremendous investment in its research and development. This pacing technology is no longer new to the industry oil and gas operators. Some operators have made it as standard practice but however, some operators are still performing financial model analysis to justify for PDG installation. Is it a real need to install PDG or it is just another fancy luxury that give limited financial returns to the project? How much data is required by petroleum and reservoir engineer to understand the reservoir? This paper presents in detailed about the financial model analysis and demonstrates the tangible and intangible benefit of the PDG and the added value to full field life cycle.

Keywords:
production monitoring, drillstem/well testing, Completion Monitoring Systems/Intelligent Wells, Reservoir Surveillance, intangible benefit, production control, Drillstem Testing, bottom hole pressure, Model Construction, reservoir pressure
Subjects:
Well & Reservoir Surveillance and Monitoring, Formation Evaluation & Management, Downhole sensors & control equipment, Drillstem/well testing, Completion Monitoring Systems/Intelligent Wells, Well Monitoring Systems/Intelligent Wells
Copyright 2009, Society of Petroleum Engineers
You can access this article if you purchase or spend a download.