Determining the optimal operational strategy for an oil & gas asset requires addressing several complex questions simultaneously: which wells to operate, which to choke back, which to apply gas lift to, how to manage the production–facilities interaction and how to meet processing constraints. Malcolm Woodman, formerly with BP, will describe how next generation model-based optimization technology is increasingly used to address these challenges and is assisting operators in maximizing production while simultaneously reducing operating costs.
Production Optimisation Specialist, PSE
Dr. Woodman started consulting for PSE in 2016, after more than 25 years with BP. For the last 10 years at BP, Malcolm was Project Manager, Program Manager and Technical Lead for the use of model-based optimization in BP Upstream. His key responsibility was the development of systems to allow the use of commercial production modeling packages for production optimization on the operating assets, not just by central modeling specialists. Malcolm is the author of many peer-reviewed journal papers and conference presentations, covering topics including three phase distillation, use of thermodynamics packages in industry, and production optimization.
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Process Systems Enterprise (PSE) is the leading supplier of Advanced Process Modeling software and model-based engineering and innovation services to the process industries. PSE Oil & Gas delivers next-generation model-based solutions to oil & gas operators and engineering companies for all stages of design and operation.
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