Case Study: an independent operating company saves USD 700,000 on ESP interventions with SLB Lift IQ service

Permian Operator Saves USD 700,000 on ESP Interventions

SLB worked with an independent operating company in the Permian Basin that was struggling with ESP downtime in unconventional wells. The operator faced gas lock issues, power shortages, and pumps that could stay stuck for hours while waiting for field technicians, leading to high intervention costs and deferred production.

SLB recommended its Lift IQ production life cycle management service to monitor ESPs and enable remote intervention. Over 9 months, the solution carried out 155 remote startups, 54 gas lock interventions, 61 speed increases, and 113 other remote operations, controlling 75 critical interventions in an average of 21 minutes. The operator saved nearly USD 700,000 and avoided 6,474 bbl of deferred oil production.