mDecide by metricsIQ Book a Consultation

Decision Packs / Oil & Gas

Field Optimization

Well intervention prioritization across the field

Agents watch every well for decline, compare candidate interventions on cost, uplift and risk, and rank them. Your engineers make the call. Every intervention is tracked against its forecast, so the next ranking is better.

In production in 6 to 9 weeksFully managed SaaSPay as you go via AWS Marketplace

Field Optimization video Watch A well intervention campaign in mDecide 3:15

What this pack does

The right wells, the right intervention, in hours instead of weeks.

Production engineers analyze decline curves, pressure data and intervention history across hundreds of wells by hand. From spotting a decline to approving an intervention typically takes 2 to 6 weeks, and 30 to 40% of interventions underperform because of poor timing or method. The data sits across production databases, SCADA, well logs, intervention records and economic models.

The Field Optimization Decision Pack runs that analysis continuously in mDecide. Agents detect declines as they happen, compare interventions against your reservoir models and economics, and rank the candidates by value. Your engineers review the ranking and approve the campaign. Work orders go out, and post-intervention production is tracked against the forecast in decision memory.

How a decision gets made

1

Sense. Agents detect a production decline on a well or cluster.

2

Analyze. Agents compare interventions on cost, expected uplift and risk.

3

Decide. An engineer reviews the ranking and approves the campaign.

4

Remember. Results are tracked against forecast, and the models improve.

A well intervention decision in mDecide

A well intervention campaign in mDecide: candidate wells on the asset map, source-system coverage, and the agent and engineer discussion.

Ask it in plain language

Connected to Amazon Quick for Energy

Everything the pack produces can be asked about in plain language, with the same answer the decision maker saw.

“Which wells are declining fastest this month, and why?”“Rank next week’s intervention candidates by expected uplift per dollar.”“How did last quarter’s workovers perform against forecast?”

The size of the decision

500 to 1,500 intervention decisions a year.

That is the typical volume for one operator, each worth $250K to $2M. Faster, better-timed interventions compound across the whole portfolio of wells.

Production engineers

A ranked list of candidates each week, with the analysis already done.

Operations managers

Campaigns approved with cost, expected uplift and risk side by side.

Reservoir engineers

Decline models refined by every intervention result, by formation.

Asset leadership

Intervention spend and results across the field, in one record.

Getting started

In production in 6 to 9 weeks.

Weeks 1–2

Scope the field

Working sessions with your production team to map the wells, data sources, economics and approval chain.

Ongoing

Run as a managed service

Delivered as SaaS in a dedicated AWS account that metricsIQ manages. Metered, pay-as-you-go pricing, billed entirely through AWS Marketplace. Add the next decision when you're ready.

Other Decision Packs

All Decision Packs →
Oil & Gas
Gas Aggregator
Read the brief →
Oil & Gas
Field Development Gate
Read the brief →
Oil & Gas
Pipeline Integrity
Read the brief →

More production from the wells you already have.

In 45 minutes we walk through how mDecide would rank your next intervention campaign.

Book a Consultation