Abstract: A bottomhole tool and a method for optimizing oil production rate from an oil well with high gas-to-oil ratio and stabilizing thereof in case of occurrence of a gas cone or gas skin conditions are disclosed. The resistance of the adjustable multi-stage flow resistor is determined by a position of a telescoping needle, which in turn is defined by a driving means including a motor and a gearbox. The motor is driven via a cable from a surface by a control means adapted to receive information about the bottomhole parameters from local sensors via a sensor cable. Methodology explaining the principles of maintaining well stability is also disclosed. Automatic adjustment of the bottomhole pressure is maintained over a wide range of operating parameters throughout the life of the well to maximize its oil output.

Abstract: A bottomhole tool and a method for optimizing oil production rate from an oil well with high gas-to-oil ratio and stabilizing thereof in case of occurrence of a gas cone or gas skin conditions are disclosed. The resistance of the adjustable multi-stage flow resistor is determined by a position of a telescoping needle, which in turn is defined by a driving means including a motor and a gearbox. The motor is driven via a cable from a surface by a control means adapted to receive information about the bottomhole parameters from local sensors via a sensor cable. Methodology explaining the principles of maintaining well stability is also disclosed. Automatic adjustment of the bottomhole pressure is maintained over a wide range of operating parameters throughout the life of the well to maximize its oil output.

Abstract: A method for optimizing oil production rate from an oil well with high gas-to-oil ratio is disclosed to include modeling an Inflow Performance Relationship curve and calculating an optimal level of bottomhole pressure to be higher than zero. Maintaining the bottomhole pressure at that calculated optimum level by using a bottomhole tool of the invention or other known means such as gas injection provides for maximum oil recovery from a given well. The bottomhole tool includes a multi-stage flow resistor and a needle moved in and out of the resistor by a spring-biased piston responsive to a difference in pressure between a bottomhole pressure and a pipe pressure. Automatic adjustment of the bottomhole pressure is maintained over a wide range of operating parameters throughout the life of the well.