Many oilfield service companies as well as oil producers have manually tracked assets over the years for a variety of reasons. The service companies have tracked assets such as pumps, packers, or other products to assist in R&D efforts. Being able to collect the data and compile statistics on run times and component failures enables the service companies to evolve and improve current products as well as design new products. From a producers perspective, compiling the same or similar data allows for the development of "best practices" in operating procedures and processes. Software products developed to address these needs have evolved with time to provide more functionality. However, many systems implemented to handle the total process of data acquisition, warehousing, querying, and reporting to achieve improved operating results have become more difficult and expensive to support than the value added.

The value of the information has not diminished, but increased due to the fluctuations in oil prices and the continuing efforts to reduce lifting costs through design and process enhancements. The recent development of a web based tracking system incorporates workover management, downhole equipment, and chemical usage while enabling the operator and service provider the ability to easily enter and access the data. The system reduces the problems of database synchronization, multiple entries of the same data, and provides a common means through the Internet to interface with the information. The system links the operator in the field, the service company providing equipment or chemicals, and the district office together through a common database that each has access to.

The system allows a technician in a pump shop, workover foreman in the field, or chemical sales person to easily enter data into the system using a laptop computer or touch screen technology. The data is brought back to the service provider's local office and is accessible to the operator through the Internet. Wells, well equipment, and equipment components can be tracked for run life and root cause of failure. The operation becomes an information network that uses the same data to accomplish different tasks but with a common objective of reduced costs and improved profitability.

You can access this article if you purchase or spend a download.