Implication

Sayano Shushenskaya Hydro Electric Power Plant Accident Aug 17th 2009

Current Management Style

Statistics:

70% of all oilfields to date are managed traditionally

Manual
Limited visibility
Expensive
Not responsive to market demand

Challenge

Maximize profitability

Develop new assets quickly
- Data Fusion & Strong Analytics for decision making
Maximize production from existing assets
Safety and Environment protection

Solution

Optimizing over all field as a system vs. focusing on the key elements/components (holistic approach)

To accomplish this we require highly integrated environment which facilitates:
- Event correlation & Prioritization
- Root Cause Analysis
- Analytics and reporting
- Data logging
- Auditing

The Process

Condition Monitoring (CM) is the process of risk minimization through early fault detection

Benefits of Condition Monitoring

Predictive maintenance
Prognosis of remaining lifetime
Actionable Analytics

Downtime Cost Statistics:

A rig costs $500,000/day with an average "spread" cost of $1,000,000/day. That makes $42000/hour and $700/minute.

Smart Oilfield

CM Process + Enterprise Process = Smart Oilfield

Smart Oilfield enables owners and operators to:

Visualize their entire operation
Call and retrieve data about production effortlessly and seamlessly
Collaborate across the entire enterprise to decrease production costs while increasing recovery. (out of Silo)

Technology

Communications Requirements

Reactive communication is used for:

Analytical agents
Diagnostics
Monitoring and reporting

Automated communication used for:

Self Diagnostics
Self healing-field
Self correcting

Proactive communication used for:

Transacting
Prescribing
Command and control

Collaborative communication used for:

Voice & Data
Events and process oriented tasks
Exception driven tasks

Unified Management Platform

A management fabric across all systems and bridges enabling operators to:

Communicate
Monitor and manage production environment

from a single pane of glass.

Smart Field Architecture

Results

Minimum surprised outages ~ Increase revenue
Enhanced QOS ~ Happy Customers
Optimized Safety & Security ~ Low Risk