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Risk Analysis of Completion and Production Systems
Abstract
A variety of definitions are available through the literature, but the universal one is in defining the well completion as the optimal path for the reservoir fluids to be produced. That means to achieve a desired production with minimal costs. Wells represent the greatest part of expenditure when developing the reservoir. For a long period of time it was defined to be simple, reliable, and safe with enough flexibility to allow future operations. Nowadays, so called “intelligent completions” appear to give more financial benefits, flexibility, and control. The reliability of system components is essential for long-lasting production. In addition, the differences according to natural flowing well risk and artificial lift are given.
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