Instrumented Oil Field

The instrumented oil field consist of deploying permanent instrumentation to monitor an oil field<br>and modify production continuously or on demand. This concept has evolved from recent<br>developments in both down hole instrumentation and time-lapse monitoring. Both of these<br>technologies are new and combining them, with permanent installations in mind, require further<br>steps in research and development.<br>The objective of instrumenting an oil field is to optimize production and minimize development<br>and operations costs, through early investment in continous monitoring of a field. In deepwater<br>and ultra-deepwater, where well costs can reach $50 million, instrumenting an oil field early on<br>could consideraly improve the bottom line economics. In this case, both the investments required<br>and the potential returns are large.