Stochastic Asset Management
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Production, Facilities, Flow Assurance
Advanced Oilfield Modeling and Decision Support Services
We are in the business of complex decisions support in the E&P Industry.
Our focus is decision quality. Your decision...
We provide fit for purpose decision support models and expertise for your oilfield flowing assets (reservoirs, wells, pipelines, facilities).
We are independent, cost effective and have a long track record of achievements.
Check our #StochasticFlowAssurance prototype algorithms in action:
SPE-187462-MS - Bridging The Gap Between Subsurface and Surface Disciplines - A Tool for The Modern Facilities Engineer
Reception Area
Welcome to Stochastic Asset Management!
Stochastic Asset Management bridges the gap between subsurface and surface disciplines. It enables superior Production Facilities Engineering and Operational decisions by addressing the subsurface risks and uncertainties. This leads to improved Asset Management decisions, including Development Planning, Wells and Reservoir Management, Production and Flow Assurance, Process Safety and Availability.
Stochastic Asset Management innovates. Ask about our Fast Oilfield Optimization and Stochastic Flow Assurance Algorithms.
Work with Stochastic Asset Management for:
- Intelligent, actionable and lasting solutions for Oilfield Production and Facilities Assets.
- Production optimization and capacity increase at field, cluster and well levels, systems integration, debottlenecking and troubleshooting, commissioning and start-up, CAPEX and Value Assurance, OPEX reduction, risk management – HSE, Process Safety, Flow Assurance.
- Technical advisory to Senior Management in Operating and Oilfield Service Companies (Asset, Field and Operation Managers, Technical Directors, CXO, Board Members).
- Project management, technical team leadership, delivery onsite or remotely. Staff training and mentoring.
Operations Area
Decision Support Services (Production and Facilities Systems):
- Management Technical Advisory- Technology Review- Asset evaluation and due diligence support- Opportunity Framing Workshops- Concepts - Identification and Selection- Peer Review, Production and Facilities activities and deliverables.- FID / Sanction support- Value Assurance Reviews- Procurement / Construction support- Commissioning / Start-up support
- Operations / OPEX optimization- Risk Management - Process Safety and Flow Assurance- Knowledge Management and Specialized Training Programs
Advanced Modeling Services:
- Wells (simple and complex - multilaterals, extended reach, thermal, EOR, etc.)
- Completion design- Lower completion- Upper completion- Wellhead HIPPS / ESD setpoints
- Operations optimization
- Cleaning- Start-up- CT operation- N2 Injection- WAG- Steam injection- Chemicals squeeze- Deliquification- Gas lift- ESP- PCP- Jet pumps
- Troubleshooting
- Slugging- Crossflow- Water breakthrough- Gas breaktrough
- Production Operations
- Pipeline / network thermo-hydraulic design and optimization- Production back-allocation- Seasonal variations quantification (summer / winter, day / night, 'morning rush')- Lift gas distribution- Injection water distribution- Steam distribution- Pigging operation optimization- Field / Pipeline start-up, shut-down, blow-down, ramp-up, turn-down- Availability- Deliverability- Debottlenecking- Troubleshooting- Optimization
- Facilities Operations
- Incoming liquid slugs quantification / management / supression- Separator / control loops validation for liquid surges handling- Gas starving / Compressor surge- Gas blowby risk assesment- Fireball risk assessment (Flare liquid load)
- Flow Assurance
- Flow Assurance Strategy- PVT Characterization- Fluids sampling program- Laboratory testing program- Wax- Asphaltene- Scaling- Hydrates- Erosion / Corrosion- Slugging / Surges- Chemicals injection - location, rates, optimization
Ask about our innovative Stochastic Flow Assurance approach! Click here for an example.
- Process Design, Control and Safety
- Process design and optimization- Process upsets - prediction, quantification, prevention- HAZOP / LOPA assumptions verification- SIL / HIPPS / ESD setpoints- Control loops functional modeling- Flare load during pipeline depressurization
- Others, please contact us.
Strategy Area
You enjoy working with us because we are:
Independent
We are truly independent profesionals, with no preference to any product or service providers. Our focus is decision quality. Your decision...
Expect no sales pitch.
Experts
All our consultants are industry recognised experts, educated to PhD or MSc level, each with at least 20 years of relevant industry experience.
Expect no nonsense.
Cost Leaders
We operate a very lean business model, with no unnecessary overhead costs, and we make sure it stays so.
Expect best expertise/dollar.
Our strategy pillars:
1. Recognised expertise
2. Cost leadership
3. Independence
Communications Area
EU
Stochastic Asset Management SRL
J29/1468/2018 CUI 39642570
Str. Gheorghe Grigore Cantacuzino Nr. 14
Ploiesti, 100010, Romania
email: eu@sam.imhive.org
