Challenge: Petróleos de Venezuela
(PDVSA) sought more economical ways to drill and work over wells in Lake
Maracaibo.
Solution: The Schlumberger Integrated Project
Management (IPM) team and PDVSA formed a 10-year alliance in which Schlumberger
operates an oil field on behalf of PDVSA to improve productivity and achieve
shared goals. The project management scope covers all phases of operations,
from planning to job execution and analysis.
Results: New practices and services have
resulted in a production increase of 6,000 bbl/d above expectations, an 11%
decrease in the cost per barrel produced, savings of USD 26 million for PDVSA,
and improved geological field models.