This report documents the main findings from the research project “WellMaster: Reliability of Well Completion Equipment – Phase IV”. The project objective has been to contribute to improvement in completion equipment reliability through systematic collection, analysis and feedback of reliability data to participating oil companies and equipment manufacturers. The WellMaster database is currently the most comprehensive completion equipment database worldwide, with participation from 13 major oil companies in Phase IV. Key figures on the database scope are:
-More than 102.000 completion string items represented in equipment database
-A total of some 1.400 equipment failures included for a total of 5 different completion equipment categories
-A total of 2.229 wells with 2.702 completions are included, representing a total of around 11.500 completion-years of experience
The report presents details on database scope, reliability trends and failure data on all major completion equipment items with emphasis on surface controlled subsurface safety valves (SCSSVs). Detailed data are also presented on other vital downhole equipment such as electrical submersible pumps, permanent gauges, tubing and intelligent completion items.