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Reducing Electricity Costs in Producing Fields

August 12 | 9:00 am - 3:00 pm
Where
Petroleum Professional Development Center at Midland College
221 N Main St, Midland, TX 79701 United States

Additional Information

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One of the most expensive components of any oil and gas operation can be the cost of electricity. Electric power cost is not a fixed cost but a variable cost.  It is possible for the average oil field operating company to reduce its electric power cost without turning off production.

The objective of the training is for attendees to leave the room with the practical "mental tools" to begin power cost reduction immediately.

This is not a class in electrical engineering.  It is not a class in energy efficiency.  It is practical, dirty-hands training in cutting power cost. No prior knowledge or background is required. Training is suitable for; general supervision & management, financial analysts, engineers, operators, electricians, etc.

Participants should bring a simple pocket calculator and a few of their power bills.  The bills will NOT be shared with other students; they are for the student’s reference during the billing part of the class. This workshop is field tested – it has been presented since 1991.  The class has been highly rated by attendees from oil fields in: Illinois, Michigan, Oklahoma, Texas, Colorado, Wyoming, Kansas & CaliforniaInstructor: Michael Paik, PE, EE

Mr. Paik has over thirty years of ‘dirty hands’ experience in results oriented engineering and management. He has in-depth experience with all phases of real world engineering ranging from zero budget pro bono work to "poor boy maintenance" to capital projects in excess of forty million dollars. This experience includes: electric power systems, telemetry systems, automation systems, process systems and project management.

His experience includes over fifteen years of industrial, overhead power line design & maintenance experience, as well as industrial power service design and industrial power systems design & maintenance. He has been on the project team for two, grassroots, gas turbine generation plants, a subsea power cable installation, several industrial powerhouse design and start-up projects. He is familiar with industrial power distribution and control from 120 VAC to 12,470 VAC. He is familiar with utility substations and circuits up to 220 KV.

Mr. Paik is a recognized expert in power cost reduction in process plants and oil fields. He has lectured on this subject in Utah, Colorado, Wyoming, Illinois, Michigan, Oklahoma, Texas & California.WORKSHOP OUTLINE

Introduction and Overview

Overview of the Method – how to reduce power bills

  • Dealing with rates and bills
  • Developing a relationship with your power provider
  • Where do you look in the oil field process to reduce power cost?

Power cost reduction at producing wells on Artificial Lift

Guest speaker from local power company

Power cost reduction at producing wells on Artificial Lift part two

Water injection power cost reduction opportunities

Gas compression power cost reduction opportunities

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