Boosting oil production profits: A multi-method approach to streamline ESP assembly
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Abstract
The Ecuadorian oil industry relies heavily on Electric Submersible Pumps (ESP) to extract crude oil from underground reservoirs. Streamlining ESP assembly processes is crucial for maximizing production efficiency and reducing costs. This study delves into optimizing ESP assembly procedures, employing a multi-method approach that integrates time-motion analysis, process mapping, and economic evaluations. This research meticulously identifies areas for improvement within the assembly process, pinpointing bottlenecks and inefficiencies. Subsequently, a comprehensive set of solutions is implemented, encompassing standardized procedures, technological advancements, and enhanced worker training. The proposed system revolutionizes ESP assembly efficiency, particularly in critical stages like material preparation, order initiation, and waiting times. As a result of these optimizations, the average ESP assembly time is reduced by a remarkable 10%, translating into significant cost savings and enhanced production capacity. Moreover, the implemented solutions yield a positive return on investment, demonstrating the financial viability of these optimization efforts. The study's findings underscore the substantial economic benefits that can be achieved by optimizing ESP assembly processes in the Ecuadorian oil industry. While the research focuses on the Ecuadorian context, the methodology and findings offer valuable insights for optimizing ESP assembly in other oil-producing regions.
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