Non Selective Shallow Unconsolidated Well Re-Entry: Case Study in Mahakam Delta

2021 ◽  
Author(s):  
Izzad Abidiy ◽  
Yolani Bawono ◽  
R. Aulia Muhammad Rizky ◽  
Rico Pradityo ◽  
Ramadhani Rachman ◽  
...  

Abstract Declining of shallow reservoir reserve urges efficiency effort to switching well architecture from zone-selective gravel pack completion to non-selective tubingless completion. However, zone management in tubingless completion is not as simple as sliding sleeve manipulation in gravel pack well. It requires proper zone isolation of closed zone such as setting plug, tubing patch, or squeezed cement. Therefore, optimum zone management need to be identified to be consistent with cost efficiency effort. Study in determining optimum zone management captured two nearly identic case of 3 zones of selective well and non-selective well. The well cost, production, and its net present value was compared to evaluate how the reservoir production is managed. Although selective well has higher initial well cost, but operation cost during the production is significantly low. On the other hand, even non-selective well has lower initial well cost, due to complication on zone management, non-selective well has higher operation cost. The total cost of problematic non-selective well could nearly reach the selective well cost. The complication is identified as downward movement, i.e. re-accessing previously isolated lower zone and isolating upper zone at once. However, this study suggests that strictly following bottom-up production strategy could potentially avoid the complication by 23% more efficient in production and cost index. Well cost efficiency is not only determined by lower initial well cost. All operating cost during production must be also considered. Optimum well management for both type of completion is a key parameter in order to control the cost efficiency effort. Therefore, well completion design selection must consider not only the cost and production, but also the operation excellence and capability during managing well production in its lifetime.

Food Research ◽  
2020 ◽  
Vol 4 (S5) ◽  
pp. 104-109
Author(s):  
M.I.M. Yusop ◽  
S. Mustaffha

The aim of this study was to evaluate the energy usage and total operation cost of the tractor grabber. The data was collected at FELCRA BERHAD Kawasan Titi Gantong, Bota, Perak. The total cost included all the operation in loading system and evacuation process of fresh fruit bunch (FFB). This study evaluated the energy usage of tractor grabber for three consecutive months using a newly purchased Mini Tractor Grabber Kubota L4400. This study was conducted based on the energy input-output methodology. Mathematical equations are used to determine the field capacity and examine energy usage. The result found that 153.38 MJha⁻¹ of input energy was required to produce 328.43 metric ton per month of FFB in June. The energy was dominated by fuel consumption, machinery and followed by labour. The total operating cost is based on the field capacity of the machine. This study was conducted and obtained the result, assumed that the total cost for a year is RM 47,444.24 and the cost per metric ton is RM 9.76 with energy consumption of 174.23 MJ. Conclusively, it means that the energy usage and cost of operation is efficiently and effectively used in oil palm productivity in FELCRA BERHAD Kawasan Titi Gantong.


2018 ◽  
Vol 1 (1) ◽  
pp. 76-89
Author(s):  
Keshav Prasad Shrestha

Large Cardamom is major exportable commodities prioritized by Ministry of Commerce and Supply in Nepal. However, no study has been reported for its financial analysis in the country. In this context, this study was designed and conducted in Ilam, Panchthar, and Taplejung to assess the profitability and financial viability of cardamom production. Primary data needed for the study were collected using structured survey schedule with 30 randomly selected cardamom growers from each selected district in May-July 2017. Primary information mainly compose information on investment cost, operating cost and revenue. Three Focus Group Discussions were also carried out in each district for triangulation of collected information. The secondary data were used for the Compound Annual Growth Analysis and financial analysis. The economic yield starts from the fourth year and remains similar up to 20 years. But, it was found from the study that with the proper management of the crop cultivation packages, about 10% yield starts from third year which have not been reported yet. The financial analysis result showed that, the Return on Investment was found about 160% with payback period of 4.09 years. Similarly, Net Present Value was assessed at NRs. 3,545,771 at 12% discount rate. Likewise, the Internal Rate of Return Benefit-Cost Ratio of cardamom production was 82.6% and 3.06, respectively. The sensitivity analysis with 20% increase in the cost of production and 20% decrease in the sold price rate also found profitable and viable enterprises as its Return on Investment is 34%, PBP is 5.64 years, NPV equals NRs. 2,154,393, IRR 57.6% and BCR found 2.06. Hence, the study recommends that this enterprise is very profitable and viable and farmer could invest confidently even its rate fluctuates very often.


2020 ◽  
Vol 3 (3) ◽  
pp. 39
Author(s):  
Igor Nikolaevich Glukhikh ◽  
Artyom Fedorovich Mozhchil ◽  
Mikhail Olegovich Pisarev ◽  
Otabek Anzor ugli Arzykulov ◽  
Kristina Zakharovna Nonieva

Studies of systems engineering applications have revealed that systems engineering (SE) has a high potential for transferring economically inefficient oil and gas projects into a profitable zone due to preserving the value created at the concept stage right up to the implementation stage. To implement any project, including an organizational one, the company must have an economic justification for innovation. Studies into the global experience of assessing SE efficiency based on projects of various types have revealed the lack of a universal assessment method; however, individual studies have potential to be used in developing a method for quantifying the value of SE in oil and gas projects. Considering this fact, we developed our own method and prototype to assess the economic effect from the introduction of SE into oil and gas projects. The method is based on a decision tree used to calculate the Net Present Value considering the probability of projects’ success and failure in terms of budget and deadlines. This allowed us to predict the effect from introducing SE to an oil company’s capital project. The results obtained demonstrated the model’s performance capability and its possible applications in project resource planning stages.


2015 ◽  
Vol 68 (6) ◽  
pp. 1088-1104
Author(s):  
Gonzalo Tobaruela ◽  
Wolfgang Schuster ◽  
Arnab Majumdar ◽  
Washington Y. Ochieng

Cost-efficiency is a crucial Key Performance Area (KPA) in today's Air Traffic Management (ATM) system. Traditionally, research has mainly focused on the airport domain, with little attention being paid to the operating cost-efficiency of Area Control Centres (ACCs). This paper addresses this shortcoming and develops a framework to assess the cost-efficiency of an ACC from an operational perspective. It investigates how the resources of an ACC are managed, from the start of the planning process to the day of operation. The framework develops new metrics to assess an ACC's performance. A case study is carried out on the Maastricht Upper Area Control (MUAC) centre. Results show that, despite being one of the most advanced ACCs in Europe, the human workforce is operating at only approximately 50% of their full capabilities.


2020 ◽  
Vol 54 (6) ◽  
pp. 1775-1791
Author(s):  
Nazila Aghayi ◽  
Samira Salehpour

The concept of cost efficiency has become tremendously popular in data envelopment analysis (DEA) as it serves to assess a decision-making unit (DMU) in terms of producing minimum-cost outputs. A large variety of precise and imprecise models have been put forward to measure cost efficiency for the DMUs which have a role in constructing the production possibility set; yet, there’s not an extensive literature on the cost efficiency (CE) measurement for sample DMUs (SDMUs). In an effort to remedy the shortcomings of current models, herein is introduced a generalized cost efficiency model that is capable of operating in a fuzzy environment-involving different types of fuzzy numbers-while preserving the Farrell’s decomposition of cost efficiency. Moreover, to the best of our knowledge, the present paper is the first to measure cost efficiency by using vectors. Ultimately, a useful example is provided to confirm the applicability of the proposed methods.


Author(s):  
Nataliya Stoyanets ◽  
◽  
Mathias Onuh Aboyi ◽  

The article defines that for the successful implementation of an innovative project and the introduction of a new product into production it is necessary to use advanced technologies and modern software, which is an integral part of successful innovation by taking into account the life cycle of innovations. It is proposed to consider the general potential of the enterprise through its main components, namely: production and technological, scientific and technical, financial and economic, personnel and actual innovation potential. Base for the introduction of technological innovations LLC "ALLIANCE- PARTNER", which provides a wide range of support and consulting services, services in the employment market, tourism, insurance, translation and more. To form a model of innovative development of the enterprise, it is advisable to establish the following key aspects: the system of value creation through the model of cooperation with partners and suppliers; creating a value chain; technological platform; infrastructure, determine the cost of supply, the cost of activities for customers and for the enterprise as a whole. The system of factors of influence on formation of model of strategic innovative development of the enterprise is offered. The expediency of the cost of the complex of technological equipment, which is 6800.0 thousand UAH, is economically calculated. Given the fact that the company plans to receive funds under the program of socio-economic development of Sumy region, the evaluation of the effectiveness of the innovation project, the purchase of technological equipment, it is determined that the payback period of the project is 3 years 10 months. In terms of net present value (NPV), the project under study is profitable. The project profitability index (PI) meets the requirements for a positive decision on project implementation> 1.0. The internal rate of return of the project (IRR) also has a positive value of 22% because it exceeds the discount rate.


2017 ◽  
Vol 1 (2) ◽  
pp. 81-107
Author(s):  
Dheny Biantara

Summarized Indonesian airline executive views on the reason for the cost problem in mayor airline andon the potential areas and measures of cost reduction in airline operation. Present an introductionsurvey where 3 executives from 3 Indonesian airlines were respondent. In the executive opinion the costproblem in mayor Indonesian airline is primarily due to fuel and oil pricing and money currency. Of thevarious function in airline maintenance was seen as least cost efficiency, whereas flight operation wasseen as an area with most potential for cost reduction. Indonesian airline had made route and fleetchanges after the beginning of 2011 to reduce cost, concludes from the analisys result havingprivatization would be an important step towards more efficient airline operation. Flexibility fromIndonesian airline regulatory would be very much welcome and the value chain concept to improveIndonesian airline having competitive adventage and cost leadership differentiation.


1994 ◽  
Vol 29 (12) ◽  
pp. 117-127
Author(s):  
Jan Erik Lind ◽  
Ernst Olof Swedling

The sewage treatment plant of Uppsala was originally built in 1946 and has since then been extended and upgraded several times up to 1972 when the last major upgrading was completed. In 1987 it was decided to renew the treatment plant for at least another 20-30 years of operation and to upgrade the biological process to include nitrogen reduction. A 7 year plan covering some 18 items with a total investment cost of approximately 120 MSEK was set in action during 1987. The aim was to raise the cost efficiency by introducing modern techniques, new machinery, a better working environment and a better understanding of the processes used. The need to keep the plant in operation during reconstruction work has caused difficulties, delays and unforseen costs but a close cooperation between all parties concerned (operators, contractors, engineers and the regional environment administration) has solved most of the problems. Experiences so far include an improved effluent quality, a better cost efficiency, a healthier and more engaged operating staff. A research team has been engaged to develop and introduce a nitrogen reduction scheme in the activated sludge process. This has been a challenging and fruitful experience.


Animals ◽  
2021 ◽  
Vol 11 (5) ◽  
pp. 1297
Author(s):  
Juntae Kim ◽  
Hyo-Dong Han ◽  
Wang Yeol Lee ◽  
Collins Wakholi ◽  
Jayoung Lee ◽  
...  

Currently, the pork industry is incorporating in-line automation with the aim of increasing the slaughtered pork carcass throughput while monitoring quality and safety. In Korea, 21 parameters (such as back-fat thickness and carcass weight) are used for quality grading of pork carcasses. Recently, the VCS2000 system—an automatic meat yield grading machine system—was introduced to enhance grading efficiency and therefore increase pork carcass production. The VCS2000 system is able to predict pork carcass yield based on image analysis. This study also conducted an economic analysis of the system using a cost—benefit analysis. The subsection items of the cost-benefit analysis considered were net present value (NPV), internal rate of return (IRR), and benefit/cost ratio (BC ratio), and each method was verified through sensitivity analysis. For our analysis, the benefits were grouped into three categories: the benefits of reducing labor costs, the benefits of improving meat yield production, and the benefits of reducing pig feed consumption through optimization. The cost-benefit analysis of the system resulted in an NPV of approximately 615.6 million Korean won, an IRR of 13.52%, and a B/C ratio of 1.65.


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