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Two things stood out when I looked at this year’s abstracts. First, well over half of the abstracts were related to electrical submersible pumps (ESPs). This is a significant increase from the last couple of years. Second, there was a clutch of artificial-lift-method-selection papers. -
Our problem is that we are dealing with multiphase, multicomponent fluids whose compositions change spatially and temporally inside imperfectly understood heterogeneous reservoirs whose characteristics also change spatially and temporally.
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One thing this cycle has in common with all of the other down cycles the industry has been through is that most companies ignore the opportunities a down cycle presents.
