Wednesday, June 06
Welcome Address by:
Jan Willem van der Lee, General Manager for Development Joint Ventures in Projects & Technology, Shell
Keynote Address by:
Renowned industry representative from E&P or IT Industry
Oil and gas industry leveraging technology innovation is not new. The core business applications beat the age during 70’s and 80’s. Complex seismic data processing and geophysical analysis were made possible through technology advancements. High end computing and visualisation adaption featured during 90’s. Reservoir monitoring and management was made easy during 90’s, thanks to innovations by the service providers and operators. Advent of millennium paved way for intelligent fields.
Real-time data acquisition and analysis were feasible. Remote operations became a reality and control centers emerged to monitor and enhance the production. These last 4 decades have seen technology transformation along with the roller coaster oil prices. Extent of profits drove the ability and appetite for technology change. The industry during the last few years have lived and weathered catastrophic price regime and have successfully emerged to innovate and realize complete business value. The digital transformation is the new mantra and oil and gas industry is ready for another journey.
The world is experiencing a data revolution, and the E&P industry is by no means an exempt. The digital revolution comes at a time when there is a dip in energy and petroleum activity, and an increased focus on financial and organisational restructuring.
In the past several years, the rapid development of rigs and well sites, increased drilling of horizontal and deep-water wells, and advances in seismic, drilling, and hydraulic fracturing technologies have resulted in an explosion in the volume and frequency of generated data.
With recent developments in high-processing computing—Hadoop and in-memory analytics combined with advanced analytics techniques—the E&P industry can make faster, more informed decisions based on data. This results in reducted costs, new opportunities, and reducing uncertainties.
The availability of “Big Data Analytics” is poised to change the industry through a completely new and disruptive business model.
This session will focus on proven applications covering:
- Smart Sensors
- Connected Technology and Services
- Computing and Processing Technology
- Mobility Applications
The following questions will be examined:
- Where is the oil and gas industry in this connectivity journey?
- What are the challenges the industry faces? Has the industry established any best practices in this sphere?
- Do open platforms and open sources increase cyber security risk, or nullify the potential gains from connected technologies?
The advancements in sensor technologies, the ever-increasing connectivity of devices, and new predictive analytical capabilities are creating a vast pool of data for the oil and gas industry to analyse and act upon in a time-sensitive manner. Whether referred to as the Internet of Things (IoT) or the Industrial Internet of Things (IIoT), the rising connectedness of technology is improving reliability and safety, optimising operations, and creating new value for oil and gas companies.
To optimise operations, companies are adopting virtual collaborative work environments and employing connected services to monitor assets, interpret results and conduct value-added analysis. For faster decision making, IIoT technologies are leveraged to bring real-time data to personnel—anytime, anywhere—through mobile applications.
This is a unique opportunity for E&P and IT companies to showcase their technology directly with the workshop delegates in an interactive setting, as a table-top presentation.
SPE will provide, 1 skirted table, 2 chairs, 1 electric connection, and 1 plasma screen. Adequate space will be provided to install a backdrop or roll-ups alongside of the table. In addition, exhibiting company will have their logo displayed in the workshop website and in the delegate pack which will be distributed to all workshop delegates.
Thursday, June 07
New digital technologies enable us to gather and process large amounts of data. For example, sensors can gather more operational data from wells and machinery than was previously possible. Drawing insights from this data is difficult. Most of the data that we currently process is multi-dimensional, but we usually view it on two-dimensional interfaces. Another development on the digitalisation front has been new visualisation technologies using augmented and virtual reality, but also in the traditional graphics arena.
Understanding how these technologies can be effectively used to derive value in the energy sector requires an understanding of the advances in visualisation and mixed realities, as well as the opportunities in the application space.
This session brings together the physical reality of subsurface images, reservoirs, and plants with the digital world of bits and pixels to enable new insights for the energy sector. This digital world includes sub-surface imaging, reservoir management, plant operations, as well as retail and commercial operations. We will explore the feasibility of real-time visualisation of large data sets and the possibility of enabling collaboration across geographies.
E&P businesses have always been early adopters of advanced mathematical models to simulate geoscience behaviour and improve productivity. With the simultaneous and rapid advancements in hyperscale elastic computing offered by cloud technology, large-scale data management options, and various machine learning techniques, a new “Nexus of Forces” is yet again forcing E&P companies to reimagine the way the hydrocarbon resources are discovered, developed, and produced.
Be it through the development of AI robots used to boost natural seep detection capabilities, lithological prediction through generation of electrofacies, large-scale processing of maintenance reports for improving productivity, or the use of predictive modelling techniques to optimise the life cycle of a reservoir, many new and unforeseen insights are being generated through the application of machine-learning algorithms.
This session will focus on specific real-world examples (emphasising lessons learnt and actionable insights) of these emerging technologies as applied to the E&P domain.
This session will focus on the following challenges to promote a faster, cheaper, safer, and more integrated system:
- Bringing smart digitalisation into the field
- Enhancing safety
- Preempt critical decisions with wearable tech and augmented reality
- Using drones for mapping, tracing, and enabling monitoring as never before
The world is on the brink of a technological revolution that is taking digitalisation to a new frontier. What awed us 20 years ago, is unimpressive today. We are quickly moving towards artificial intelligence, augmented reality, and embedded intelligence in devices that respond to stimuli.
With the emergence of Internet of Things (IoT) and augmented reality, wearables and drones are set to play a big role in the future of oil and gas. Wearables hold great promise in industries that involve working with the physical world, with mobility being a key enabler and precursor to how wearables might be used in oil and gas.
1730-1830 hours: Cocktail Reception
1830-2100 hours: Gala Dinner
Friday, June 08
Our increasing dependency on technology and web-based communication has opened the door for cyber security threat, particularly in the oil and gas industry. Petroleum companies face significant threats, such as hydrocarbon installation terrorism, which can cause plant shutdowns resulting from sabotage and interruption of utilities.
Intellectual property theft could be one of the most expensive type of cyber-crime for the oil and gas industry. While the causes of data breaches are varied, the majority are a result of either malicious attack or human error. Unsecured devices are often a source of vulnerability. This session will focus on solutions for the cyber security issues and IP thefts.
The pace of change in the last 12 months has been substantial: the Digital Revolution—also referred as ‘Industry 4.0’—is becoming the new reality for the oil and gas industry. The advancement of technologies such as smart sensors, machine learning, artificial intelligence, and cloud solutions to process it are key components of Industry 4.0.
In this panel session, business leaders and renowned experts from the oil and gas industry and digitalisation domain will share their experience and perspectives addressing the change process. The discussion should highlight the enablers and critical factors for successful and sustainable transformation to make “IT” happen, with a focus on best practices and how to address challenges in the sustainable process of modernisation.
Outcomes of the dialogue will lay out a roadmap for the future discussions and initiatives, and will conclude the workshop by addressing aspects of digital implementations.
Workshop Summary by:
- Jan Willem van der Lee, Shell
- Arvind Morbale, ONGC
- Arunkumar Ranganathan, Infosys
Vote of Thanks by SPE