By optimising production using iOps tools and techniques, an oilfield can see production efficiency improvements of up to two percent. A closed-loop gas lift application can see production improvements of five percent. Previous iOps implementations have seen OPEX reductions of five to 20 percent with payback in less than a year.
“The oilfield major players see Integrated Operations as a transformational programme to optimise their business performance, and is the way they will work in the future,” said Tony Edwards, StepChange Global CEO. “Performance optimisation is required as the industry struggles with falling oil prices, key skill shortages, and risk reduction and compliance requirements for both Health, Safety & Environmental (HSE) and production.”
“Working with StepChange helps us drive increased production efficiency for our customers,” said Jerry Brown, senior vice-president of Emerson’s industry solutions. “We are reducing operations and maintenance OPEX costs by improving visibility of real-time actionable asset information across multiple remote sites and oilfields.”
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