No oil company intentionally completes a new well designed to leak. Yet unplanned escape of hydrocarbons from wells is a serious threat to the reputation of individual companies and the industry.
Reactive attempts to manage this can lead to severe consequences whilst also destroying your revenue with shut in wells. In some cases litigation can result in financial and criminal penalties, with careers jeopardised.
Many oil companies are far from mastering well integrity risk. Engineers and management often don’t understand it and instead:
So, when a problem occurs you are forced to react without the critical information you need to recognise and safely manage it.
When you clearly see your risks and have a pre-formulated and well thought through plan of action you will efficiently and successfully react to well problems.
You have 360-degree visibility of your well integrity risk with Empirica. You can protect your people and physical assets, the environment and your company’s reputation as well as your production.