Embedment of GOM IVM IPSM enables Optimization Gains
a Must Win towards our Ultimate Potential
Integrated Visualization Management (IVM) is one important enabler for the 2022 GoM Growth Big Rocks, to pursue projects with sector leading returns, one of the Must Wins towards our Ultimate Potential. Below is an update of the business value from activities directly enabled by the use of the tool in GoM: Year-to-date: optimization gains of 1.4 kboe/d SWIS and a cash surplus of $43 million Total cash surplus since first deployed: $157 million As new capabilities are developed and the system is further embedded into our daily surveillance activities, it is becoming harder to distinguish which activities have not been impacted by IVM-IPSM in some form. Cash surplus from all optimization activities executed in 2022 have already reached $765 million, and IVM is now a key pillar of GOM’s Well Reservoir Facility Management (WRFM) process that underpins these gains.