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Forecast expects continued multiphase flowmeter growth
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2011
Year
Forecasting MethodologyEngineeringNew TechnologyMeasurementIndustrial EngineeringPetroleum Production EngineeringEducationMfm InstallationsPetroleum ProductionSystems EngineeringSmart MeterProcess MeasurementComputer EngineeringForecastingMultiphase FlowMultiphase Flow MeteringTechnologyProduction ForecastingFlow MeasurementIndustrial InformaticsPetroleum Engineering
Multiphase flow metering, which measures the flow rate of each phase in a flow stream, ranges from metering wet-gas streams with a high gas content to metering heavy-oil streams. MFMs are essential for many field developments because they allow real-time well monitoring, individual well testing, production allocation, and reservoir surveillance. When establishing the exact number of MFM installations worldwide, one must distinguish between those installed and currently working, those installed but now discontinued, those ordered but not yet delivered, those delivered but not yet installed, and those used for portable well testing. Operators often claim poor correlation between performance and innovation as the reason for their not being more proactive in adopting new technology. New technology development is a long-term investment, and as patents have a maximum validity of 20 years, any incremental developments must also be patented.