Definition - What does Shutdown Rate mean?
Shutdown Rate is the time taken by a well to close down and stabilize. All oil and gas wells are at some point closed down for a specific period of time to allow them to undergo stabilization. The stabilization period during a closed phase allows the well to steady its pressure.
While a closed in well is under stabilization, its constant pressure determines the starting point for a well test for the next round of production.
Petropedia explains Shutdown Rate
The well shutdown rate is an important process in the oil and gas industry when certain technical difficulties arise in the steady production of hydrocarbons.
Oil wells are drilled and put into a production phase. Drilling crew work round the clock to produce oil from the reservoir. Every oil well has pressure build up in them and due to regular extraction these oil wells need to shut down for a period of time to undergo stabilization and then a drawdown-buildup test sequence
When the oil well is closed with a valve, it is referred to as a closed in well. Every well is closed for stabilization and a valve plays an important role in enclosing the entrance. Sometimes the situations of hydrocarbon kick may also be administered to make the hydrocarbons in the reservoir stabilize before reopening for production.