1. New Technology Opening Remarks
Jim Hall – Shell Int’l E&P
21 October, 2003
ASME/API/ISO Gas-Lift Workshop

2. What controls the rate of technology evolution?
Consumer
Can we improve our profitability by developing/ applying new technology?
If no, then there is no demand for new technology.
If yes, then what level of investment will be required to produce acceptable improvement?

3. What controls the rate of technology evolution?
Supplier
Can we improve our profitability by developing/ supplying new technology?
If no, then there is no demand for new technology.
If yes, then what level of investment will be required to produce acceptable improvement?

4. Technology Investment Challenge
How to
invest in technology development
in areas where the investment
stands a high probability
of producing profitable results
with minimum risk
of losing the investment.

5. Technology Maturity Curve
Aging
Mature
Cumulative Effort
Growth
Embryonic
Cumulative Time

6. Technology Maturity Curve - funding
Tin Cup
$ $ $
Cumulative Effort
$ $ $ $
Cumulative Time

7. Gas Lift – 1st Wave The End? Mechanical Valves Foot-pieces
Single-point Air lift
Mineshaft Airlift
1797
1800’s
Early 1900’s

8. Gas Lift – 2nd Wave The End? Surface Control Venturi Orifice
Automatic Validation Testing
Orienting SPMs
Real-Time Optimisation
Side-Pocket Mandrels
NodalSM Analysis
Balanced Valves
Valve Performance
PPO Valves
IPO Valves
Multiphase Flow
King Valve
Mechanical Valves
Early 1900’s
Late 1900’s
2000 ?

9. Gas Lift – 3rd Wave ? The End ? or another beginning?
Infinitely Variable Injection Depth
Improved Reliability
Improved Efficiency
Self-Optimising
Surface Control
Early 2000