Digital Generation to Enhance O&G Production, Safety

MarineLink.com
Wednesday, October 30, 2013

BP poll shows delegates at SPE Intelligent Energy International 2013 believe the digital generation will enable emerging technologies to optimize production and enhance safety management.

Oil and gas industry professionals believe that the digital generation will enable emerging technologies to optimize production and enhance safety management, according to a poll conducted today at the SPE Intelligent Energy International 2013 exhibition in Dubai. 93% of participants backed the benefits of digitalization while 7% disagreed.

The poll was conducted by BP on the final day of IE2013, which is expected to have attracted more than 2,000 business leaders and senior engineering professionals from across the world.

At the event, under the theme empowered by realtime integrated data, BP has been drawing on its experiences from its Field of the Future program to review the progress of oilfield digitalization to date and encourage debate on how the industry will develop going forward.

It is now more than 10 years since the Field of the Future concept was established by BP to improve decision-making through realtime data-to-decision capabilities in production, operations and reservoir management. Over that time, the Field of the Future flagship has developed expertise in a range of disciplines including advanced remote surveillance, the handling and analysis of realtime data, remote well operations and downhole and subsea sensors.

Steve Roberts, Vice President of the Field of the Future technology flagship, BP, said: “As a company, we have been pioneers in the digitalization of the oil and gas industry. We use realtime information to create a step change in safety management and capital efficiency, while operating assets at the technical limit of efficiency, recovery and cost. Field of the Future solutions impact a significant and growing proportion of net production, and routinely supports more than 80% of our top 100 wells.

“We have proven examples of the benefits that the digital generation has brought to the oil and gas industry and it is encouraging to know that the industry shares our belief in this sector.”

BP conducted three delegate polls this week, one for each full day of IE2013. Delegates were also asked to vote on whether implementing realtime “Big Data” analytics would be the next challenge for digital oilfield implementation and whether robots would be deployed at scale across the production industry in the next 15 years.
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Nordic American Offshore Declares Dividend

Nordic American Offshore Ltd. today announced that its board of directors has declared a dividend of $0.45 per common share for the third quarter 2014. This is the same as for the second quarter 2014.

Bollore Africa Logistics Sees Profit Plunge in H1

First half 2014 profit at shipping company Bollore Africa Logistics plunged to 5.89 billion CFA francs ($11.48 million) from 9.45 billion CFA francs in the same period last year,

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

Technology

New Standard for LNG Cargo Containment Systems

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.

Corvus Gains Support from WINN Initiative

Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System.

Northrop Grumman Sponsors Maritime RobotX Challenge

Northrop Grumman Corporation is expanding its support for science, technology, engineering and math (STEM) education across the globe by sponsoring the Maritime RobotX Challenge in Singapore, Oct.

Energy

Corvus Gains Support from WINN Initiative

Corvus Energy announced today the award of $1.3 million in repayable assistance from the Western Innovation (WINN) Initiative for its project to further develop the Corvus Energy Storage System.

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Maritime Safety

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Cruise Ship Returns to Texas after Ebola Concern

The Carnival Magic cruise ship was en route back to the United States on Saturday with a passenger from Texas who might have handled specimens of the first Ebola

MEPC Approves Draft Polar Code

Draft Polar Code approved by IMO’s Marine Environment Protection Committee A key step on the way to a mandatory Polar Code for ships operating in Arctic and

Offshore Energy

Ocean Rig, Petrobras Agree to $1.1b Drill Ships Lease

Cyprus-based Ocean Rig UDW Inc said on Monday that it signed a $1.1 billion three-year contract with Brazil's state-run oil company, Petroleo Brasileiro SA, to

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1615 sec (6 req/sec)