The Impact of Equipment Failure on Hydrocarbon Production

Abstract

Oil and gas production problems associated with subsea control systems, flow line, manifold, riser, wellhead, Christmas tree etc have led to downsizing, halting and loss in investment. Production engineers in the oil industry always have difficulties dealing with the inherent uncertainties. Oil and gas production has been modelled as a multi-period optimization case to incorporate the possibility of different demands, cost and overall time behaviour. Hydrocarbon production is limited by physical system such as pipe diameters and lengths, and pressure gradient between the wellbore pressure and surface pressure and surface equipment. The exploration and production of oil and gas are still a high-risk venture alongside several uncertainties in related areas. The impact of equipment failures on hydrocarbon production can be catastrophic. Production management is needed to assess all equipment for hydrocarbon production optimization.