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 period of stabilization for a well 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
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 works on the well round the clock and produces oil from the reservoir. Every oil well has pressure build up in them and due to regular extraction; these oil wells need to be shut down for a certain period of time to undergo stabilization. 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, thus shutting it off for the manufacture. Sometimes the situations of hydrocarbon kick may also administered when the well needs to be shut down in order to make the hydrocarbons in the reservoir stabilize and re-open later for production.