{"id":12812,"date":"2024-12-24T11:46:12","date_gmt":"2024-12-24T11:46:12","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=12812"},"modified":"2024-12-24T11:46:12","modified_gmt":"2024-12-24T11:46:12","slug":"irans-first-center-of-wrfm-inaugurated","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/12812\/","title":{"rendered":"Iran\u2019s first center of WRFM inaugurated"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The first simultaneous, real-time center for Wells Reservoir and Facility Management (WRFM) in Iran was launched on Tuesday with an investment of $10 million in its first phase.<\/p>\n

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The center was inaugurated with the presence of Hossein Afshinh, vice president for science, technology, and knowledge-based economy; Omid Shakeri, deputy minister of oil for research and technology; Majid Qassemi, CEO of Bank Pasargad; Alireza Sadeqabadi, CEO of Pasargad Energy Development Company; and other oil industry officials.<\/p>\n

The WRFM center, a subsidiary of the Pasargad Energy Group, is a managerial and technological structure in the upstream oil and gas sector.<\/p>\n

It uses various tools to oversee, transfer, analyze, and process data for the real-time and simultaneous management of operations related to wells, reservoirs, and surface facilities.<\/p>\n

The center leverages advanced technologies such as sensors, data management systems, artificial intelligence, and real-time data analytics to provide comprehensive information on well conditions, reservoir flow, and facility performance.<\/p>\n

The project’s execution and infrastructure development began in February 2024, and it is now the first active center in Iran’s upstream oil and gas sector.<\/p>\n

The first phase of the center, including hardware and software infrastructure, has cost $10 million, with an additional $5 million required for further investments in smartening systems for production engineering, drilling operations, well management, maintenance, and safety.<\/p>\n

This next phase is expected to be completed in about 12 months with support from the Vice Presidency for Science, Technology, and Knowledge-based Economy, National Iranian Oil Company (NIOC), and Pasargad Group, marking a key milestone in the digital transformation of upstream oil field management.<\/p>\n

Key achievements in the first phase include the real-time collection, storage, and analysis of data, providing access to up-to-date information and historical records.<\/p>\n

The system enables integrated display, data trend monitoring, and issuing necessary alerts. It also facilitates quick decision-making in development and production operations, reducing operational risks, ensuring performance indicators are met, providing access to company assets from any location, and optimizing asset value.<\/p>\n

A significant outcome of phase one was the prevention of a daily oil production decline of 8,000 barrels, resulting in a cumulative production increase of 1.4 million barrels. The value created for the country, at $60 per barrel, is estimated at nearly $100 million.<\/p>\n

The second phase will focus on enhancing the system’s intelligence by incorporating machine learning, deep learning, artificial intelligence models, and large language models (LLMs), marking a new era in the development of the country’s upstream oil and gas sector.<\/p>\n

Key objectives for the second phase include optimizing production and ensuring flow through intelligent monitoring of downhole pumps, monitoring asphaltene deposition, corrosion detection in pipelines, completing real-time hardware infrastructure, smartening maintenance operations, and enhancing wellbore operations, safety, drilling activities, and horizontal well guidance.<\/p>\n<\/div>\n<\/div>\n

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