Quantifying the Tangible Value of a Smart Field Asset Implementation Leveraging on Digital Technology and Automation, Taking into Account the Intangible Value Element
Abstract:The value calculation for a new digital and innovative technology is often requested by the executive management to justify the cost required for the implementation and maintenance of the technology. The value is normally segregated into a tangible and intangible value that correspond to a quantitative and qualitative description of those value elements.
As part of the Digital Oilfield (DOF) assessment, the solution value has been defined using two approaches. Firstly, qualitative value is descr… Show more
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