Weatherford International plc has been awarded a three-year digital oilfield contract from Kuwait Oil Company (KOC), one of the digital leaders in the upstream industry
The contract involves support for KOC’s digital transformation strategy in North Kuwait Heavy Oilfield and for deploying its Integrated Enterprise Excellence Platform across KOC. The award also includes instrumentation, real-time monitoring, production optimisation and assurance of wells to enable KOC to optimise its production and workover plans.
The project scope will support KOC in performing heavy oil wells analysis, model tuning, well design, asset optimisation, surveillance and forecasting, and integrating with different E&P applications. Weatherford will also deploy integrated planning and optimisation solutions from the reservoir to export facilities at KOC's corporate level. In addition, the integrated solution will allow KOC to leverage the full value of its existing KwIDF systems, while the Integrated Enterprise Excellence Platform will enhance efficiency and support KPI tracking.
Supporting these value drivers is the Weatherford ForeSite production optimisation platform, which delivers insight that enhances production, maximises uptime, and improves personnel efficiency. Leveraging advanced analytics, artificial intelligence and machine learning, the platform synthesises data from across the operator's business to help find and prioritise production-uplift opportunities, identify bottlenecks, detect and predict failures, plan and execute workovers. These capabilities continuously improve production performance for wells, reservoirs, and surface facilities.
Kuwait’s oil sector is looking to digital transformation to support the country’s Vision 2035 objectives of boosting production and economic growth. KOC is looking to digitalise 80% of its oilfields by the end of 2021.
