Moving into electronic age, completion tool and accessories are getting advanced. For the past 10 years, permanent downhole gauge (PDG) technology has been supported with tremendous investment in its research and development. This pacing technology is no longer new to the industry oil and gas operators. Some operators have made it as standard practice but however, some operators are still performing financial model analysis to justify for PDG installation. Is it a real need to install PDG or it is just another fancy luxury that give limited financial returns to the project? How much data is required by petroleum and reservoir engineer to understand the reservoir? This paper presents in detailed about the financial model analysis and demonstrates the tangible and intangible benefit of the PDG and the added value to full field life cycle.
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