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.”
Why choose between Capex and Opex if you can Totex? Schneider Electric South Africa
IT in Manufacturing
In a sector marked by cyclical demand, high capital intensity, and increasing regulatory and sustainability pressures, mining, minerals and metals (MMM) companies are re-evaluating how they approach procurement and investment.
Read more...AI and the smart factory Schneider Electric South Africa
IT in Manufacturing
Imagine walking into a factory where machines can think ahead, predict problems before they happen and automatically make adjustments to realise peak performance. This isn’t science fiction, it’s happening right now as AI continues to transform how we run industrial operations.
Read more...Why your supply chain should be a competitive advantage Schneider Electric South Africa
IT in Manufacturing
The last five years have placed unprecedented strain on global supply chains. Leading companies are turning the challenge into an opportunity to transform their supply chains into a competitive advantage.
Read more...Why AI will never truly understand machines Wearcheck
IT in Manufacturing
Cutting-edge technology and solutions powered by AI are embraced by specialist condition monitoring company, WearCheck, where the extreme accuracy of data used to assess and diagnose machine health is paramount.
Read more...Buildings and microgrids for a greener future Schneider Electric South Africa
IT in Manufacturing
Buildings are no longer passive consumers of power. Structures of almost every size are evolving into dynamic energy ecosystems capable of generating, storing and distributing their own electricity. Forming part of this exciting transformation are microgrids.
Read more...Traditional data centres are not fit for purpose
IT in Manufacturing
Traditional data centre designs are falling short, with nearly half of IT leaders admitting their current infrastructure does not support energy or carbon-reduction goals. New research commissioned by Lenovo reveals that data centre design must evolve to future-proof businesses.
Read more...AI agents for digital environment management in SA
IT in Manufacturing
The conversation about artificial intelligence in South Africa has shifted rapidly over the past year. Among the technologies changing the pace of business are AI agents - autonomous, task-driven systems designed to operate with limited human input.
Read more...AI-powered maintenance in future-ready data centres Schneider Electric South Africa
IT in Manufacturing
The data centre marketplace often still relies on outdated maintenance methods to manage mission-critical equipment. Condition-Based Maintenance (CBM) is powered by AI and is fast becoming a necessity in ensuring both competitiveness and resilience.
Read more...Powering up data centre mega development
IT in Manufacturing
Parker Hannifin has secured a major contract to supply key equipment for nearly 30 aeroderivative gas turbines powering a new hyperscale data centre in Texas.
Read more...Building resilient supply chains through smarter e-procurement RS South Africa
IT in Manufacturing
In a time of constant disruption, from supply chain uncertainty to rising operational costs, businesses that embrace digital procurement are better positioned to stay competitive and resilient.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version