Digital Oil Field

Digital Oil Field is not a product, but a service, we do have accelerators to speed your journey, but it's a custom implementation.

 
 

Digital Oil Field

Change the way you think, the possibilities are endless, let us help and infuse some chain of thought that helps with the transition

Digitizing Oil Industry

Industries are continuously upgrading/updating themselves to use more machineries, less cost and less manpower whilst improving their production & efficiency. Digital oilfield is an approach that combines business process management with digital technologies to automate workflows for maximizing productivity, reducing costs and minimizing the overall risks associated with oil and gas operations.

An idea that a few years ago simply meant using a machine for a particular exploration undertaking has now widened to encompass automating and integrating a huge range of tasks across many aspects of the exploration and production cycle, all made possible by immense changes in our ability to rapidly process vast quantities of data in very short periods of time.

A Process, not a Place

Many people think of the digital oil field as a fancy technological hub, with hundreds of flashing screens and a couple of experts earnestly comparing notes in a hushed environment. But it is better described not as a physical presence, but as a concept, encompassing not just data being streamed from far distant wells, but the processing, integration and analysis of that data in a number of physical environments. These could include not just a purpose-built technology room, but also an oil company’s headquarters, a consultant’s office and the wellsite itself. Digital communications such as video-conferencing between these diverse centers are an intrinsic part of the process. And the idea is not confined just to operational processes, as data fed through the intelligent oil field will inform decision-making prior to drilling an adjacent well, and will be fed into post-drill analysis.

Automation is a vital part of this process. By taking the human out of mundane tasks, productivity is increased, and the expert is freed to use his or her knowledge on more difficult, analytical work. Integrating a large number of the processes involved in drilling, such as remotely steerable down-hole and integrate-while-drilling tools, produces large quantities of real-time data across a range of disciplines. One of the features of the digital oil field is the requirement for collaboration across a wide range of expertise, meaning that decisions are arrived at with a full awareness of all the issues involved, hugely increasing efficiency.

Technological innovation has been a prime driver behind the move in the development of the digital oil field, but it can only work properly when automated operations are streamlined with new personnel work processes, and a vital component of their success is ensuring that people understand the concept and process, and are well trained and fully committed.

Many Benefits

And the point of all this? Timely information leads to better decisions and productivity gains, while an increase in the number of remotely operated fields decreases the risk of accidents, with fewer people traveling to, and working in, potentially dangerous environments.

Cost savings are tangible. Shell believes that the value of its ‘Smart Fields’ implementation over a five-year period was US$ 5 billion, while IHS Cera have calculated that by using digital oil field processes, companies could realize up to 25% savings in operating costs, up to 8% higher production rates, 2–4% lower project costs, and as much as 6% improved resource recovery, all within the first full year of deployment.

Lower costs, more efficient reservoir management and fewer mistakes during well drilling will in turn raise profits and make more oil fields economically viable. Quite some prize!

Digital oilfield of the future

It is to designed to transform the upstream sector by enabling in the creation of a ‘digital twin’ that replicates the performance of an oilfield on a computer.

The digital oilfield hopes to improve the oil and gas sector’s attractiveness by converging operational technology with information technology, especially in a low oil price environment.

In the past 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics.

A comprehensive implementation of digital oilfield can assist oil and gas companies in increasing operational efficiency, production optimisation, collaboration, data integration, decision support, and workflow automation.

Additionally, it can benefit in achieving productivity gains through improved reservoir understanding, remote monitoring of drilling and completion operations and through logistics and supply chain optimisation.

Nevertheless, lack of well-defined processes and workflows and the shortage of digital-ready workforce is hindering the adoption of digitalisation in the oil and gas industry. Dependence on legacy systems and remotely scattered oil and gas fields are further complicating data-capture from all producing assets.

GlobalData’s thematic research identifies multinational oil and gas companies – such as BP, Shell, Chevron and Equinor – as the leaders in the digital oilfield theme.

The research also identifies oilfield service providers, such as Schlumberger, Halliburton, Baker Hughes and Weatherford among the leading players in this theme. The research also examines the contribution of technology and automation providers in enabling the development of digital oilfield technologies.