Playbooks Supplements

Data-Driven Oil Fields 2017

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1 EPMAG.COM | DATA-DRIVEN OIL FIELDS | JANUARY 2017 Data-driven Oil Fields A supplement to E&P HART ENERGY 1616 S. Voss, Suite 1000 | Houston, Texas 77057 Tel: +1 (713) 260-6400 | Fax: +1 (713) 840-8585 Editor-in-Chief MARK THOMAS Group Managing Editor JO ANN DAVY Executive Editor RHONDA DUEY Senior Editor, Production JENNIFER PRESLEY Contributing Editors JONATHAN CHEN JOHN GENOVESI PAUL GLAVES EDMUND KNUTSEN JODY MARKOPOULOS PETTER MYRVANG DAN OVERLY HONG QIN Associate Managing Editor ARIANA BENAVIDEZ Senior Editor, Digital News Group VELDA ADDISON Corporate Art Director ALEXA SANDERS Marketing Art Director MELISSA RITCHIE Senior Graphic Designer CARLEIGH PEARSON Production Manager GIGI RODRIGUEZ Marketing Director GREG SALERNO For additional copies of this publication, contact Customer Service +1 (713) 260-6442. Vice President Publishing RUSSELL LAAS Vice President Publishing SHELLEY LAMB Publisher, Midstream Business DARRIN WEST Editorial Director PEGGY WILLIAMS President & Chief Operating Offi cer KEVIN F. HIGGINS Chief Executive Offi cer RICHARD A. EICHLER Hart Energy © 2017 TABLE OF CONTENTS Data-driven Oil Fields Digitalization, data and automation are powering today's upstream oil and gas business. By Rhonda Duey Executive Editor A soon-to-be-released study by IDC shows an interesting trend— oil and gas companies are planning to increase their spending on IT. And it's not a moment too soon. While the industry has been buffeted by an extended downturn, technologies such as Big Data, predictive analytics, artifi cial intelligence, virtual reality, augmented reality and cloud computing have made enormous strides. All of these advances can help the oil and gas industry be more effi cient and competitive in a lower-for longer market. One of the key trends in the digital oil fi eld is digitalization. Better telecommunications and compute power combined with dropping sensor prices are enabling digitalization to become a transforming concept. It also helps with cybersecurity. More sensors equate to more entry points for those who would be inclined to harm oil and gas companies and their assets. Meshing IT with operational technology helps companies protect their security. Less threatening but equally important, perhaps, is the need for the industry to become leaner in its manufacturing capabilities. Exciting opportunities exist for the industry to collaborate to drive operational effi ciency and productivity. Digitalization is creating an opportunity for better data collection and interpretation as well as greater effi ciency in the manufacture of products. Overall, the oil and gas industry is poised to begin to more fully embrace the remarkable breakthroughs in technology that will enable it to survive future downturns and thrive in the upturns. 2 Moving Oil and Gas Industry Manufacturing from Analogue 4 Key Players 18 Technology Showcase 22 Fueling Business Value with Data and Analytics 25 Digital Technologies Drive Automation Systems of the Future 28 Digital Advancement Requires Joined Forces 30 A Smarter Approach to Equipment Maintenance 34 Automating GHG Reporting Procedures COVER CAPTION: Main background image courtesy of GE Oil & Gas. Images clockwise from top left: the ENI Norge's Goliat FPSO, photo courtesy of ABB; the OptiDrill service, image courtesy of Schlumberger; the Big Loop solution, image courtesy of Emerson Automation Solutions; the Ivar Aasen platform; photo courtesy of Siemens AG; the EarthStudy 360 imaging and analysis technology, image courtesy of Paradigm; 800xA distributed control system technology, photo courtesy of ABB.

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