One industry, above all others, have had to rethink the way business gets done. The oil and gas exploration and production business saw the price of their production go from over $110/barrel to $30/barrel near its low point. Almost every aspect of people, processes and technologies needed to be reconsidered. Through this reconsideration process, some oil and gas producers undertook a digital transformation journey.
In an upcoming presentation at the 2018 Offshore Technology Conference (OTC), Emerson’s Jonas Berge will present, Digital Transformation and IIoT for Oil and Gas Production, on Tuesday May 1 at 10:15 CDT as part of the Well Control Intelligence for the Next 50 Years technical program section.
Here is his presentation’s abstract in case you’re at OTC and able to attend:
Oil and gas producers are challenged with addressing long-term business needs such as: improving health, safety, and environment; extending life of production equipment; increasing reliability to reduce maintenance cost; reducing losses; improving operability to reduce personnel cost; improving productivity; increasing production; and improving governance and regulatory compliance.
To meet these business needs, operating companies are once again investing, now in digital transformation of how their sites are run and maintained. Personnel are digitally enabled. For safety this includes digital distress calls, digital safety checks for situational awareness, digital mustering and geolocating. For reliability, new ways of working include digital inspection and predictive maintenance of more of the equipment, digital collaboration with experts, digital documents on-the-go, and digital integrity management. For operations, new best practices include digital operator rounds including on EOR injection wells and digital logbooks. Also, instead of having people at site; some personnel instead work from a city office or equipment monitoring is outsourced to a service provider as Industrial Internet of Things (IIoT) -based connected services.
This digital transformation is made possible with new technologies such as wireless sensor networks, analytics software, and cloud computing making condition monitoring for a broader scope of process equipment practical, and enable new business models without capital outlay. Wireless, non-intrusive sensors along with readymade software apps enable easy and rapid deployment of these solutions at low cost.
Digital transformation with IIoT and advanced software does not require costly and time-consuming custom programming, but can be accomplished through purpose-built, readymade apps with embedded subject matter expert knowledge. Using platform-agnostic apps, operating companies can use their existing middleware instead of replacing it, and without adding another expensive platform layer, thus protecting existing investment.
Results from digital transformation include: extended life of production equipment to ensure continued service of facilities and operations, maintenance cost reduction, operations cost reduction, improved productivity, and increased production. Further, all departments benefit from the same digital infrastructure, which also enhances integration across disciplines.
He’ll share specific examples of these opportunities to improve efficiency, overall reliability and reduce operational risks associated with oil & gas production.
You can see the technologies the support your people and processes in digitally transforming your organization in the OTC exhibit area in the Emerson booth #2261. Visit the Offshore Technology Conference 2018 page on Emerson.com to get a free show pass. Here’s a sample of what you’ll see: