Case Study: Field Offshore Oil Company saves USD 13 million with SLB Lift IQ

First-Time Casing-While-Drilling Operation in Permafrost Eliminates Surface Casing Drillout Run

SLB worked with Field Offshore Oil Company in a mature offshore Cameroon oil field where rising water cut led to the use of ESPs and PCPs, but flowline issues, power shortages, hardware malfunctions, and harsh operating conditions were causing frequent downtime and threatening pump reliability. The operator needed a real-time way to monitor and protect remote wellsites without costly and risky mobilization of personnel.

SLB implemented the Lift IQ production life cycle management service, providing 24/7/365 remote surveillance, historian support, and the ability to remotely shut down equipment when failure was imminent. Over four years, SLB helped avert 13 ESP and PCP failures, saving Field Offshore Oil Company USD 13 million in workover costs while also reducing HSE risk through fewer offshore interventions.