Meeting energy production targets is a constant battle for global oil & gas producers. Today, the International Digital Oilfield Conference kicked off in Abu Dhabi, United Arab Emirates. The conference organizers highlighted ways producers are addressing this challenge:
Fast and easy access to reliable information is critical to enable engineers and management to make the right decisions in real time to meet both operational and longer-term strategic objectives.
IOCs [international oil companies] and NOCs [national oil companies] are continuing to employ Digital Oil Field (DOF) policies in their green and brown field business planning as its purpose is to increase production and operational efficiency while reducing costs which have been demonstrated across several DOF activities in this region.
Director, Oil & Gas Industry Solutions Group
Emerson’s Jeff Dymond
is at the conference and presented at the kickoff session, Remote Operations, Reliable Operations, Optimizing Operations and Safe Operations. His presentation, Intelligent Field and Integrated Operations explored how technology and expertise were coming together to bring the right experts at the right time to operate more efficiently.
Jeff highlighted key business drivers for IOCs and NOCs which include improving capital project costs, adopting best practices and simplification in company standards, improving the velocity of project deployment, optimizing procurement, reducing emissions cost effectively, meeting local content requirements, and maintaining organizational skills and expertise.
Known by many names including Field of the Future, Smart Field, Digital Oil Field, this strategy is about leveraging existing and emerging technologies to do allow oil companies to manage their operations more efficiently and effectively. Continue Reading ▶