Why Digitalization Matters for Oil and GasThe ‘Internet of Things’ (IoT) is driving the rapid pace of digital adoption across multiple industries. The oil and gas industry is beginning a transformation of its own, increasingly looking toward data-driven solutions to boost performance, enhance efficiency and ultimately, to reduce costs. Siemens Energy helps customers optimize the performance of critical oil and gas assets and equipment. We draw on an extensive software portfolio, deep expertise in data analytics and extensive experience in oil and gas and other industries.
Digital technologies are helping almost every industry rewrite its operating landscape, and the oil and gas industry is catching up. Advancements in technology, the falling cost of digitalization, and the connectivity of smart devices provide a real competition-beating opportunity for oil and gas companies who play the digital revolution right. The potential benefits of going digital are increased productivity, shorter response and intervention times, cost savings, safer operations, and asset integrity as well as sustainable resource treatment. By utilizing our highly engineered Artificial Lift technologies like AI4ESP or SIWELL through our Siemens edge technology, analytics, and sensor intelligence- we are able to efficiently optimize automation for well pumps.
Leverage your assets effectively through real time production optimization
In the majority of upstream production operations today, individually defined KPIs are isolated and siloed across wells and process plants. Several separate models are needed to optimize the production value chain and the results of one model do not necessarily consider the constraints of other models. Siemens Energy has developed a real-time solution for optimizing production from sandface to sales export. Real-Time Production Optimization (RTPO) leverages the trends of low-cost computing, IoT and state-of-the-art optimization software to enable complete oilfield modelling from the sand face to sales within a single unified optimization model. Now upstream companies can maximize oil production while minimizing gas lift, flare, energy consumption or other constraints.
The Real-Time Production Optimization solution helps reduce deferred production by moving more oil, condensate or gas from wells to sales export. This does not require any new equipment and is offered as an annual subscription service.
Optimizing offshore production with Topsides 4.0 digital lifecycle solutionsSiemens is utilizing its digitalization knowledge and experience and applying it to the oil and gas production industry with our Topsides 4.0 solution. Underpinned by secure communications and centered around the key modules of compression, power generation, power distribution, and automation, Siemens Topsides 4.0 offers a digital lifecycle solution to offshore production facilities.
For offshore vessels to reap the full benefits of digitalization, we must combine our customer's domain expertise with Siemens' knowledge of products, automation and data analytics.
A Digital Roadmap for Offshore Oil and Gas
Drawing off our extensive software suite and deep expertise in data analytics, Siemens developed Topsides 4.0 – the industry’s first comprehensive digital solution for offshore oil and gas production.
Topsides 4.0 is a digital lifecycle approach that begins during the conceptual and design phase of a project with the development of a comprehensive digital roadmap. It is during this time that Siemens evaluates how the operator is using data, where the gaps are, and how best to fill them. With that knowledge, Siemens then collaborates with the operator and tailors a solution to their specific needs.
Think offshore production can be profitable in a cyclical oil and gas market? Aker BP does. And so does Siemens.
In fact, Aker BP's bold publically stated objective is to drive production costs to US$7 per barrel. On the Ivar Aasen Field Development project Siemens worked closely with Aker BP to implement condition monitoring—a data-driven approach to optimizing equipment maintenance schedules, and ultimately, to reducing costs.
Instead of monitoring critical equipment from a North Sea platform, Aker BP personnel monitor it from an onshore control room in Trondheim, Norway, 1,000 km away. A unique process known as time-stamping, as opposed to the more conventional sampling, enhances the accuracy of the acquired machine data, better positioning crews to predict and preempt any maintenance issues.
The net result? Fewer personnel working on the remote offshore platform for extended periods, not to mention traveling to and from the jobsite via helicopter, and a significant OPEX savings.
Digitalization of offshore operations reduces production costsA case study shows how advanced condition-monitoring technologies - plus analytical expertise - can optimize maintenance of mission-critical equipment in offshore environments, while lowering costs and improving safety.
Data-driven remote condition monitoring optimizes offshore maintenance, reduces costs
As the world’s oil and gas industry strives to expand margins by reducing production costs wherever possible, advanced capabilities enabled by the integration and digitalization of upstream operations can help in substantial ways. One prime example is remote condition monitoring of well-site equipment, especially offshore.
Aker BP deployed remote condition monitoring on its offshore platform, built to develop Ivar Aasen field in the Norwegian North Sea, in an effort to reduce OPEX costs, increase regularity and improve operations safety.