Abstract
Salym Petroleum Development (SPD) has embarked on an ambitious Oil Field Management Improvement Program with as key objectives to:
Optimise Production (2.5% additional production through reduction of Locked-in-Potential and better reservoir pressure maintenance; unscheduled deferment less than 1% through reduction of ESP trips).
Increase Ultimate Recovery (Increase RF by 1%; platform for future EOR project; robust basis for infill drilling).
Reduce OPEX (increase ESP mean time between failure; contain chemical consumption costs; in field staff journies reduced by 10% /annum; less than 3 non-critical loss of integrity incidents per year).
The goal of this paper is to present SPD's approach to Oil Field Management in the context of a West-Siberian water flood. Oil Field Management is based on the Value Loop (Figure.1) where data is acquired from physical assets (reservoir, wells, facilities) and subsequently incorporated into models that drive the optimization of these same physical assets. The value loop has different cycling times ranging from seconds to decades (Figure.2). Traditionally, the shortest value loop is called Real Time Optimization ("RTO") with a time span measured in seconds, minutes and hours, followed by Well and Reservoir Management ("WRM") with a time span measured in weeks, months or years, and finally Hydrocarbon Development Planning ("HDP") with a time span measured in years, if not decades. 
Figure.1
Value Loop
Figure.2
Cycling Time
