Emerson Process Management and StepChange Global have combined their technology and consulting expertise to help producers increase production and cut operational costs by developing, implementing and evolving best practices with Integrated Operations (iOps) and Digital Oilfield. An effective iOps solution helps users improve profitability through better access to real-time data and information, innovative technology, and its integration into a collaborative organisation.
Emerson’s technology and StepChange Global’s consultants help improve collaboration between the operational site and the support teams in the office in order to maximise the value that can be gained from operating asset information. With iOps, an enterprise can then build confidence in its information and trust among extended teams to implement improvements that include improving operator efficiency and optimising its core operational processes.
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 major oil field 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 and 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.”
Bringing brownfield plants back to life Schneider Electric South Africa
IT in Manufacturing
Today’s brownfield plants are typically characterised by outdated equipment and processes, and face challenges ranging from inefficient operations to safety hazards. However, all is not lost, as these plants stand to gain a lot from digitalisation and automation.
Read more...Compact valve position indicator Emerson Automation Solutions
Valves, Actuators & Pump Control
Emerson’s new TopWorx DVR Switchbox is an entry-level addition to the DV Series of valve position indicators. It combines a durable resin enclosure, compact size, and a patented cam design that provides a reliable valve position feedback for water and wastewater systems, food and beverage production lines, and industrial utilities.
Read more...Award-winning Gen AI solutions
IT in Manufacturing
Amazon Web Services recently hosted an exclusive event in South Africa on ‘Elevating Possibilities with Partners - a Showcase of GenAI Excellence’. This event brought together ten esteemed partners, including Synthesis Software Technologies, to highlight innovative advancements in the field of Generative AI.
Read more...AI is driving data centres to the edge Schneider Electric South Africa
IT in Manufacturing
The data centre has become the cornerstone that links our digitally interconnected world. At the same time, the rapid growth and application of AI and machine learning (ML) is shaping the design and operation of data centres.
Read more...Full-scale central control room simulator Valmet Automation
IT in Manufacturing
Valmet will deliver a full-scale central control room simulator to Nordic Ren-Gas, the leading Nordic green hydrogen and e-methane developer in Finland.
Read more...Re-imagining business operations with the power of AI
IT in Manufacturing
inq. has introduced a range of artificial intelligence solutions to assist organisations across industry verticals in optimising business operations and improving internal efficiencies.
Read more...Safe, sustainable cycling helmet technology Siemens South Africa
IT in Manufacturing
Lazer Sport, one of Europe’s leading cycling helmet manufacturers, has adopted the Siemens Xcelerator portfolio of industry software to bring to market KinetiCore, its new proprietary rotational impact protection technology.
Read more...Defending against modern-day cyber threats
IT in Manufacturing
The anatomy of cyber threats has changed, meaning that organisations can no longer rely on traditional cybersecurity solutions to protect their perimeter, but should instead rethink their data protection strategy and become proactive in their defence against breaches.
Read more...Data centre sector 2024 market outlook
IT in Manufacturing
As the world adapts to the digital transformation of almost every aspect of everyday life, the data centre sector, which plays such a pivotal role in digitalisation, is constantly evolving.
printer friendly version