Unlocking Immediate and Future Value Per Well
Shell partnered with PrePad to understand what frac cluster efficiency a plug-and-perf (PnP) well would require to breakeven with the single-point entry cemented sleeve scenario (at its optimal stage length). A comprehensive understanding of when to run each completion technology is essential for Shell to maximize the immediate and future value from their asset base.
How PrePad Helped
PrePad’s simulation software helped Shell understand the complex trade-offs and the interdependencies of variables such as well cost and time performance, contractual structure, and preferred financial metrics. By running over 10 times more iterations than practical due to highly manual and iterative tools currently available, Shell could identify where it makes sense to use plug and perf and single point entry completions designs, based on an assumed cluster efficiency for plug and perf.
