Production optimization is defined as, “A collection of monitoring, control, automation, communication and software technologies that when combined, can facilitate optimum production of hydrocarbon and in doing so increase reservoir life, ultimate recovery performance and reduce operating expenditure.”
In SRP system, Production optimization includes, real time monitoring of liquid level as well as performance of pump (by dynamometer curves) over a significant period of time and to troubleshoot by various analysis and calculation modules for maximizing the benefit of optimization.