Real-Time Asset Management: From Vision to Engagement-An Operator's Experience

Abstract

TX 75083-3836, U.S.A., fax 01-972-952-9435. AbstractThe Digital Oil Field is rapidly gaining attention within the oil and gas industry. Several oil and gas operators are working to develop their vision for an oil field of the future, testing new technologies, setting up programs and participating in industry events. The vision is an integrated approach allowing more real-time control of asset management. Many different names are used in the upstream industry to describe this trend; Smart Fields, Digital Oil Field, Next Generation Oilfield, Field of the Future, e-field, Instrumented Field and Intelligent Energy. However, there is still uncertainty as to what needs to be done and what value it will actually bring to the industry. Several operators and service companies are transitioning from the initial envisioning and abstract phase to projects creating measurable value for the company. In this paper, Chevron's efforts within the Digital Oil Field domain, including concept, business case, corporate governance, technology development, partnerships, deployment and field experience are presented.

Implementing Real-Time Asset Management: A Practical Perspective

“…There are several reasons for this; (1) to avoid it becoming a catch-all phrase that any and all upstream technology effort can fit into, (2) to gain credibility in asset organizations as an effort that brings actual value to individuals and their work ("what's in it for me") and (3) to align the nomenclature in the industry as the concept matures. The objective of this paper is to bring such additional clarity to the concept, including building a business case, common implementation challenges, common components of implementations, and what petroleum engineering work processes will most benefit.…”

Workover Rig Scheduling Using Reservoir Simulation

“…Integrated work processes and decision support tools allow optimization across several processes 10 . The problem of rig scheduling optimization is also one such problem that may be solved in isolation but has the potential to be solved by better integration of processes across planning, operations and reservoir engineering teams by using reservoir simulation.…”

Integrated Operations—Observations From More Than 40 Field Evaluations

“…It is enabled by the use of real-time data, collaborative technologies, and multi-discipline work flows. IO has contributed to adding value in the oil industry over the past several years [1,2]. Beneficial results from ongoing IO initiatives have been documented in terms of increased recovery, increased and accelerated production and reduced costs [3].…”