Driv­ing for the dig­i­tal oil­field

En­ergy

The Press and Journal (Aberdeen) - - ENERGY -

With pres­sure on cost of pro­duc­tion and ma­tur­ing wells in the North Sea, data and ad­vanced an­a­lyt­ics hold the key to ac­cess­ing ev­ery bar­rel.

To grow mar­ket share and be com­pet­i­tive, it’s clear that com­pa­nies must un­der­stand and im­ple­ment their own data driven pro­duc­tion meth­ods … and fast.

By some pro­jec­tions, data driven pro­duc­tion meth­ods such as IoT ap­pli­ca­tions could re­duce pro­duc­tion and lift­ing costs by more than $500mil­lion of a large O&G in­te­grated com­pany with an­nual pro­duc­tion of 270mil­lion bar­rels (Deloitte).

An es­ti­mated 3bil­lion bar­rels of un­tapped oil still sits be­neath the UK con­ti­nen­tal shelf, ac­cord­ing to the OGA, with fore­casts sug­gest­ing that the North Sea will con­tinue to pro­duce for decades to come. In or­der to max­imise the re­turn on in­vest­ment in pro­duc­tion in this area com­pa­nies are look­ing to cut costs and drive more ef­fi­cient op­er­a­tions.

That’s why the dig­i­tal oil­field is the oil & gas in­dus­try’s hot­bed of in­no­va­tion, with an es­ti­mated global value of £24bil­lion by 2020, tech­nolo­gies such as au­to­ma­tion, ma­chine learn­ing, ar­ti­fi­cial in­tel­li­gence and vir­tual re­al­ity are dis­rupt­ing the tra­di­tional modes of pro­duc­tion for the Oil and Gas in­dus­try and de­liv­er­ing greater ef­fi­ciency, op­ti­mised pro­duc­tion and safer op­er­a­tions.

This Oc­to­ber, at the Data Driven Pro­duc­tion North Sea Con­fer­ence (Oc­to­ber 31-Novem­ber 1) more than 120 at­ten­dees from across the re­gion’s dig­i­tal oil field com­mu­nity come to­gether to drive ef­fi­ciency, op­ti­mise pro­duc­tion and achieve op­er­a­tional ex­cel­lence in the North Sea.

As the North Sea’s only dig­i­tal tech­nol­ogy meet­ing ded­i­cated ex­clu­sively to de­liv­er­ing greater ef­fi­ciency and op­ti­miz­ing pro­duc­tion, it is de­signed to foster work­ing re­la­tion­ships, the ex­change of ideas and best prac­tices to equip op­er­a­tors with the tools to im­ple­ment data-driven pro­duc­tion strate­gies and gain a com­pet­i­tive ad­van­tage in an era of low oil prices. What you can ex­pect: Ex­clu­sive case study from Engie E&P “Cygnus, a flag­ship green­field build – the good, the bad and the ugly” a ret­ro­spec­tive view on the im­por­tance of en­sur­ing digi­tial­i­sa­tion is fully em­bed­ded in the FEED process and work­ing along­side ven­dor com­pa­nies in the ten­der phase so that their in­no­va­tions can be lever­aged to their full po­ten­tial to max­imise a field’s full dig­i­tal ca­pac­ity;

Sta­toil on their dig­i­tal­i­sa­tion of the sub­sur­face. How Sta­toil has op­er­a­tionalised the dig­i­tal­i­sa­tion ef­fort through process dig­i­tal­i­sa­tion, ad­vanced an­a­lyt­ics and ro­bot­ics lead­ing to im­proved safety, op­ti­mised de­ci­sion;

The chance to sit down and col­lab­o­rate with op­er­a­tors on key is­sues to pro­pel the in­dus­try for­ward with in­ter­ac­tive work­shops on change man­age­ment and how to fa­cil­i­tate greater in­dus­try col­lab­o­ra­tion on a har­monised set of data stan­dards to re­duce time spent on data trans­for­ma­tion;

Ex­plore the lat­est in­no­va­tions in the oil and gas mar­ket at our brand new “tech­nol­ogy show­case” bring­ing to­gether dig­i­tal dis­rupters at the cut­ting edge of ar­ti­fi­cial in­tel­li­gence, vir­tual re­al­ity, ma­chine learn­ing and drones, to en­sure you’re the first to know which tech­nolo­gies are set to fur­ther dis­rupt the in­dus­try.

For the full agenda, speak­ers and how to reg­is­ter see http://www. up­stream­intel.com/data-north-sea/ or con­tact Con­nie Thorn (cthorn@ up­stream­intel.com +442073757535).

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